New owner for RCR International
M-D Building Products acquires Canadian player and its Chicago-based subsidiary.
Strengthening its reach into Canada, Oklahoma City-based M-D Building Products boosted its product offering with the acquisition of Quebec-based RCR International, and its Chicago-based subsidiary W.J. Dennis.
Earlier this year, it was reported that RCR filed a Chapter 15 petition in Delaware, as it sought to protect its U.S. assets from creditors while it looked for a buyer. The company has deep roots in the North American hardware market, dating back to 1900.
“RCR is a very well-respected manufacturer and distributor in Canada,” said Loren Plotkin, M-D Building Products chairman and president. Among the products in the fold are weather-stripping, insulation components, screening, snow brushes and squeegees. M-D purchased most of the assets of Quebec-based RCR. Carpet and rug runners is the only category which was not acquired as part of the transaction.
The deal announced Thursday reflects a strategy to grow through acquisition, Plotkin added. It also reflects an effort to diversify its customer base. The deal also brings to M-D the established brand name “Climaloc,” as well as inventory, patents and intellectual property.
Prior to the RCR deal, M-D Building Products purchased Morse Industries.
“Our proven history with major retailers will provide confidence in our ability to integrate RCR products into our operations and marketing as we build out additional capabilities and programs,” Plotkin said.
Earlier this year, it was reported that RCR filed a Chapter 15 petition in Delaware, as it sought to protect its U.S. assets from creditors while it looked for a buyer. The company has deep roots in the North American hardware market, dating back to 1900.
“RCR is a very well-respected manufacturer and distributor in Canada,” said Loren Plotkin, M-D Building Products chairman and president. Among the products in the fold are weather-stripping, insulation components, screening, snow brushes and squeegees. M-D purchased most of the assets of Quebec-based RCR. Carpet and rug runners is the only category which was not acquired as part of the transaction.
The deal announced Thursday reflects a strategy to grow through acquisition, Plotkin added. It also reflects an effort to diversify its customer base. The deal also brings to M-D the established brand name “Climaloc,” as well as inventory, patents and intellectual property.
Prior to the RCR deal, M-D Building Products purchased Morse Industries.
“Our proven history with major retailers will provide confidence in our ability to integrate RCR products into our operations and marketing as we build out additional capabilities and programs,” Plotkin said.
