Management Team Buys Back Romaric Corporation
August 1, 2012 / Sandy, Utah
The Romaric Management Team, lead by Rory M. Gagon, has repurchased 100% of the Romaric stock from Solar Holdings Inc., a US subsidiary of Roth & Rau AG. The original co-founders of Romaric plus an additional key employee closed the deal in late July 2012.
“Our 3-year relationship with Roth & Rau has been very positive,” stated Rory M. Gagon, who continued to serve as president during these three years. “However, the recent downturn and consolidations in the solar industry in the last year, led us to believe we could return to our semiconductor roots with a stronger focus on our product base, and build on our previous successes.”