January 2019 – FENN’s parent company, Right Lane Industries (RLI), is pleased to announce the recent acquisitions of the USA-based companies AB Stretch and Schlegel Specialty Products. With the latest addition of these two subsidiaries to the division, RLI is now the parent company of three capital equipment businesses and two industrial consumable businesses. As part of RLI’s continuing expansion, the new acquisitions will provide market diversity to RLI’s capital equipment businesses FENN, MULTIPRESS, and Pacific Press Technologies.
AB Stretch is a manufacturer of machine and hand applied stretch film based in Shelbyville, Tennessee. The company’s products include a broad range of branded stretch films, as well as private label stretch films, used in the packaging and transportation of consumer and industrial products.
Schlegel Specialty Products (SSP) manufactures its products through proprietary processes out of a 104,000 square foot facility located in Rochester, NY. As a leader in the engineering and production of woven textiles and extruded plastic products SSP serves a variety of industries for applications in the automotive, aerospace, office equipment, transportation, heavy industrial and other end markets.
FENN is pleased to be a part of a strong team that focuses on continued improvement and future growth. The new sister companies will utilize RLI’s centralized corporate services, capital, and growth orientation to support one another, deepen partnerships with customers, and ensure their long-term success.
RLI is an industrial holding company, based in Chicago, Illinois. As a parent company, they offer a permanent home to industrial businesses that have been orphaned inside larger companies, or whose retiring shareholders want to ensure that the businesses they spent their careers building end up in the hands of investors who share their values. RLI’s transactions provide liquidity for owners, capital for growth and acquisitions, and significant opportunities for employees of all levels– all while navigating the cultural, family, and business issues faced by small company owners and managers. As of January 2019, RLI subsidiaries include AB Stretch, FENN, MULTIPRESS, Pacific Press Technologies, and Schlegel Specialty Products.
