Southfield Capital Advisors Completes Sale of Subsidiary of RCR International, Inc.
May 13, 2011
Greenwich, CT - Southfield Capital Advisors, a private investment firm focused on
acquiring control positions in the lower middle-market, announced today that its
portfolio company RCR International, Inc. (“RCR”) has completed the sale of its
subsidiary, Jacobs & Thompson, Inc. (“J&T”). As part of the transaction, RCR also
entered into a strategic supply agreement with J&T, who will continue to supply
foams and tapes for RCR’s insulation products. The terms of the transaction were
“The divestiture of J&T allows RCR to concentrate on our core expertise as a value-added
manufacturer and distributor to the DIY market. Going forward, RCR is focused on
driving organic growth and aggressively pursuing bolt-on acquisitions that will
strengthen our market leadership within the insulation, utility and flooring categories,”
said André Daigle, President of RCR International, Inc. “Furthermore, the negotiated
supply agreement secures our long-standing relationship with J&T as a valued supplier
to RCR. Following this transaction, each of these standalone companies will be strategically
positioned for growth and mutual success.”
About Southfield Capital
Southfield Capital is a private equity firm that invests in exceptional, growing companies in the
lower middle market. The firm makes control investments in North American companies
generating $4 - 12
million in EBITDA with proven business models, attractive growth and
profitability trends, and strong leadership. For more information, please visit
About RCR International, Inc.
Founded in 1946, RCR International, Inc. is recognized as a pioneer in the door
and window insulation market. RCR is a prime manufacturer and value-added distributor
of over 2,000 products including weather- stripping, insulation components, floor
protection products, squeegees and other products for professionals and do-it-yourselfers.
RCR has dominant market share in Canada. In addition, RCR distributes its consumer
products in the U.S. through its wholly-owned subsidiary, W.J. Dennis.
About Jacobs & Thompson, Inc.
Jacobs & Thompson, Inc. is a fully integrated supplier offering a comprehensive
range of urethane, neoprene and polyethylene foams, felts and tapes with in-house
formulation and manufacturing serving the automotive, appliance and window and door
industries, as well as filling any foam and adhesive requirement for general manufacturing
and industrial use.
Andy Cook, Principal