ALBUQUERQUE, N.M. — Long-time Albuquerque manufacturing firms Sierra Peaks and Marpac celebrated new, consolidated digs and a change in ownership this week.
John Rockwell III, until now sole owner of the two businesses, sold the majority of stock in both firms to the general managers at each company in a deal that closed on Jan. 1. Simon Goldfine now controls Sierra Peaks and Jeff Alcalde owns Marpac, with Rockwell retaining an 18% stake in each company.
The ownership change comes as both firms commence operations in a single, 40,000-square-foot facility, after operating separately in four buildings near Balloon Fiesta Park. Rockwell bought the new site near Cliff’s Amusement Park for $2 million last June. He invested about $3 million to remodel it, paving the way for a grand opening Thursday.