BARRINGTON – A Rhode Island businessman has acquired Naturals by Webster of Massachusetts through U.S. Small Business Administration lending.
Timothy Ouhrabka bought the Westfield, Mass., manufacturer of floral related products that are sold to major retailers and wholesalers worldwide.
Ouhrabka, who also owns the holding company of Naturals Brands Inc., has been involved in manufacturing and related trade associations for almost 20 years. Naturals Brands Inc. employs seven people in the Westfield location.
“Manufacturing is in my blood and experiencing a revival in our country,” Ouhrabka said. “The consumer wants products made in the USA, and as the cost to import has risen, manufacturers have increased their U.S. production. Our current economy has people out of work and the more we make here, the more we support our own people.”
Mia Caetano Johnson, director of mergers and acquisitions for United Brokers Group LLC, said she is confident that the business is a good match for Ouhrabka’s skill set.
“Transactions such as this one with a real balance sheet, experienced professionals, a willing lender with SBA backing, and a good business plan are a great match with our business model nationwide,” Johnson said. “These are job creating transactions.”
Naturals will focus on United States manufacturing growth by expanding the current product line and customer base. Plans also include the introduction of natural, environmentally friendly products.
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
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