Apeks Supercritical, a Johnstown-based CO2 extraction manufacturer, has been acquired by Rough Brothers Inc., a Cincinnati greenhouse design and manufacturing company. The move allows Apeks to join forces with RBI and other companies to create a full-service solution in cannabis cultivation and processing.
RBI is owned by Gibraltar Industries, a Buffalo, New York manufactured goods corporation that bought the business and its two sister companies in 2015 for $130 million. Gibraltar also previously acquired a Colorado-based greenhouse solutions company, Nexus.
While Apeks will continue to operate as an independent division of RBI, the relationship was carefully chosen. In order to take the next step in its growth as a botanical extraction company, Apeks determined it needed to find a partner that would help maximize its growth and impact.
“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,” Apeks General Manager Andy Joseph said, in a statement. “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.”
Joseph officially founded Apeks Supercritical in 2012, making botanical extractors for the emerging legal cannabis market. The company became one of the 25 fastest-growing companies in the U.S. by 2015.