Twinsburg manufacturer siffron draws investments from Riverside and Blue Point Capital

A Twinsburg manufacturer is poised for significant growth following a joint private equity investment by two Northeast Ohio firms.

The Riverside Co. and Blue Point Capital Partners announced that they have invested in siffron, a maker of displays, shelving and other merchandising fixtures for a variety of retail applications (whose name uses a lowercase s).

The siffron line of products includes custom product displays and components, merchandising and loss-prevention systems, labels, signs and literature holders, and other merchandising products and supplies.

Riverside becomes siffron’s majority owner following the investment, while Blue Point acquires a minority equity stake in the business. Financial terms were not disclosed.

Siffron was founded in 2017 with the merger of Southern Imperial and FFR Merchandising.

The business has more than 500 total employees across its operations, according to the company. That includes domestic manufacturing facilities in Ohio and Illinois plus international operations in China, Western Europe, Mexico and India.

With all those components in mind, the company’s new investors lauded siffron’s supply chain capabilities.

“This new partnership will allow siffron to build an even stronger, brighter future,” said siffron president and CEO Fabrizio Valentini in a statement. “It enables us to think bigger, with enhanced access to capital to fund our exciting growth initiatives and world-class resources and expertise to support these initiatives. Siffron is well positioned to deliver on our commitment to providing innovative solutions and premier service levels to our customers.”

Riverside managing partner Sean Ozbolt said the private equity investments will help “drive growth into new product solutions, specifically for products that focus on helping our retail customers improve product merchandising, increase labor efficiencies, reduce theft from shoplifting and reduce energy consumption.”

Ozbolt added that siffron has “made significant progress” moving production from Asia to its manufacturing operations in Illinois and that “we expect to see additional growth in manufacturing and distribution jobs” in Twinsburg as well as Rockford and Des Plaines, Illinois.

The investment firms will also be in the market for add-on companies that would “benefit from the scale and breadth of products that siffron has,” Ozbolt said.

Riverside is a global private equity firm co-headquartered in Cleveland that invests in growing businesses valued at up to $400 million in the smaller end of the middle market.

Blue Point is based in Cleveland with additional offices in Charlotte, North Carolina; Seattle; and Shanghai. It typically invests in businesses that generate $30 million to $300 million in revenue.