The sale creates a vertically integrated company capable of supplying customers with the ability to grow and process cannabis into myriad products.
Apeks Supercritical has been acquired for $12.6 million by Cincinnati-based greenhouse manufacturer Rough Brothers Inc., or RBI. The Johnstown maker of cannabis oil extraction machines will operate as an independent division of RBI, with founder and CEO Andy Joseph taking the title of Apeks general manager.
RBI is a subsidiary of Buffalo, New York-based Gibraltar Industries.
“This investment allows us to plan for the future with greater resources, bringing new technologies and a more robust suite of services to our customers and partners throughout the world,” Joseph said in a release. "RBI has a strong reputation in the manufacturing and engineering industry and we have a tremendous amount of respect for their leadership, knowledge and a commitment to service and innovation that aligns with ours.”Stay up to date with the region’s thriving business scene. Subscribe to Columbus CEO’s weekly newsletter.
Through the combination of companies, customers will be able to design and build greenhouses and buy CO2 botanical processing equipment from one source.
Apeks began in a pole barn on Joseph’s property in the early 2000s and is now a leader in the industry.