News
October 20, 2008
Eagle Rotary Systems, Inc. Secures $1.5 Million in Growth Financing
Jackson, Michigan
Eagle Rotary Systems Inc., based in Jackson, Mich., has secured $1.5 million in financing to help accelerate its production of rotary dies for the consumer packaging market. The company raised the investment from a group of local investors led by Ann Arbor based Plymouth Management Company. Terms were not disclosed.
Founded by industry veteran Rae Pfaff, Eagle Rotary dies are re setting industry expectations for changeover time and efficiency. The new capital will be used to hire additional manufacturing and engineering talent and for working capital investment. In addition, Eagle Rotary will finance new advanced machining equipment to help meet demand growth.
“Our patented plate positioning and die attachment technology provides the consumer packaging industry with a solution far exceeding anything else in the market. I am thrilled that this round of financing will allow us to rapidly expand the business.” said Rae Pfaff, Eagle Rotary CEO.
Mark Horne, CEO of Plymouth Management Company said, "We are excited that our partnership with and investment in Eagle Rotary can make a significant contribution to the growth of this exceptional company led by such an industry visionary.”
About Plymouth Management Company
Based in Ann Arbor, Michigan, Plymouth Management Company (PMC) is a general-purpose venture capital firm financing and adding value to growth stage companies in Michigan and the Great Lakes region. PMC is one of the most active venture firms in the country and was recently named to Entrepreneur Magazine’s Top 100 VC Firms list. www.plymouthvc.com
About Eagle Rotary
Eagle Rotary is an early stage growth company located in Jackson, Michigan. The company has developed a new technology for cutting and creasing paperboard for consumer package printing lines. Eagle Rotary products provide technically superior tooling which is user-friendly, cost-effective, and more durable than any competitive product which reduces changeover time, increases throughput, and lowers costs. www.eaglerotary.com
For additional information, please contact:
Ian Bund, Chairman of PMC (734) 747-9401 ext. 202 ibund@plymouthvc.com
Mark Horne, CEO of PMC (734) 747-9401 ext. 204 mhorne@plymouthvc.com
Rae Pfaff , CEO of Eagle Rotary Systems, (517) 783-2500 rae@eaglerotary.com
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