More growth at M-D Building Products
Oklahoma City-based M-D Building Products is continuing its strategy of growth through selective acquisitions. The company purchased a majority of the assets of Québec-based RCR International, Inc. and its Chicago-based wholly-owned subsidiary, W.J. Dennis.
RCR International and W.J. Dennis — in existence since 1900 — produce and distribute weather-stripping, insulation components, screening, snow brushes, squeegees and other hardware & seasonal products for customers across North America.
One category was not part of the transaction: carpet and rug runners.
Financial terms of the deal were not released. Lincoln International served as financial advisor for RCR International and W.J. Dennis, which were under Canadian and U.S. Bankruptcy Protection.
"M-D is pleased to acquire both the RCR and W.J. Dennis full product lines, including the established brand name (Climaloc), inventory, patents and intellectual property,” said Loren Plotkin, chairman and president of M-D Building Products.
According to M-D, the move diversifies its customer base and expands its products and expands its presence — “most prominently in the Canadian market where we see significant growth potential,” said Plotkin.
"M-D Canada looks forward to expanding our business in the Canadian Market with the addition of RCR’s weatherization and broad product offering of screening, snow brushes and ice scrapers, squeegees and cleaning tools,” said Joe Comitale, president of M-D Canada. “RCR is a very well-respected manufacturer and distributor in Canada. In addition to bringing on the RCR products, this acquisition will improve our competitiveness and bring about synergies to drive operational efficiencies in both our Canadian and U.S operations.”
RCR International and W.J. Dennis — in existence since 1900 — produce and distribute weather-stripping, insulation components, screening, snow brushes, squeegees and other hardware & seasonal products for customers across North America.
One category was not part of the transaction: carpet and rug runners.
Financial terms of the deal were not released. Lincoln International served as financial advisor for RCR International and W.J. Dennis, which were under Canadian and U.S. Bankruptcy Protection.
"M-D is pleased to acquire both the RCR and W.J. Dennis full product lines, including the established brand name (Climaloc), inventory, patents and intellectual property,” said Loren Plotkin, chairman and president of M-D Building Products.
According to M-D, the move diversifies its customer base and expands its products and expands its presence — “most prominently in the Canadian market where we see significant growth potential,” said Plotkin.
"M-D Canada looks forward to expanding our business in the Canadian Market with the addition of RCR’s weatherization and broad product offering of screening, snow brushes and ice scrapers, squeegees and cleaning tools,” said Joe Comitale, president of M-D Canada. “RCR is a very well-respected manufacturer and distributor in Canada. In addition to bringing on the RCR products, this acquisition will improve our competitiveness and bring about synergies to drive operational efficiencies in both our Canadian and U.S operations.”