American Roller Expands in Covington, VA

American Roller is pleased to announce it has acquired the assets of Schaefer Rolls in Covington, Virginia. The terms of the transaction will not be disclosed.

This further expansion by American Roller is consistent with the strategy to increase capabilities around
industrial rollers and further penetrate markets as the company grows. The Covington team brings a wealth of knowledge in the paper industry and enhances the company’s capabilities to do mechanical services in this area and further strengthens skills and capabilities in precision grinding and large roll capability.

The team in Covington, VA is led by Mike Phetteplace, Plant Manager who will work closely with Todd Meyers, Vice President of Industrial Cores.

“We have known American Roller for years, and in the last 3 months, we have had the opportunity to
work closely with them to put our plans in place,” said Plant Manager Mike Phetteplace. “The people,
skills and processes that is the American Roller Way is truly impressive and we are excited to get
started with them.”

American Roller is set to make more announcements in the summer of 2024 and reports that many
more improvement opportunities have yet to be realized.

“We are fortunate within our industry that quality people and quality companies reach out to us to
explore how collectively we can be better for our customers,” said Dan Cahalane, President and CEO
of American Roller. “Teaming up with Mike and the Covington team just further deepens our value to
the paper industry and to the large roll capability that we have.”