Russell & Miller Acquired By Investors
A group of investors led by Bernard Findley today announced the acquisition of Russell & Miller, a vertically integrated manufacturer and direct marketer of point-of-purchase merchandising products.
Santa Fe Springs, CA (PRWEB) March 18, 2009 -- A group of investors led by Bernard Findley today announced the acquisition of Russell & Miller, a vertically integrated manufacturer and direct marketer of point-of-purchase merchandising products. Russell & Miller Acquisition Inc. (R&M), the newly formed entity, will evaluate likely synergies between itself and its sister company, New Century Direct (NCD), which operates under a similar business model. New Century Direct was acquired by Findley in August of 2008.
Russell & Miller and New Century Direct are both located in Santa Fe Springs, CA. R&M operates out of a 70,000 square foot facility, including manufacturing, warehouse, distribution, and office space. NCD currently operates out of a 35,000 square foot facility with 35,000 square of manufacturing space in Tijuana, Mexico.
"Between the two companies, we will have nine brands potentially operating under one common infrastructure. Our goal will be to evaluate each business separately and then prepare to take advantage of any synergies between the two businesses", said Findley.
R&M markets under four established brands:
Russell & Miller founded in 1948, provides a variety of stock and custom merchandising products to retail and service industries. Russell & Miller's in-house design, pre-press, printing, kitting, and distribution capabilities are especially valuable to businesses seeking a comprehensive merchandising partner to support multiple storefronts.
NCS markets price marking supplies, store fixtures and displays primarily within the retail apparel industry.
Sale!Signs provides custom and seasonal signage primarily within the retail home furnishings and floor coverings market.
ValuDisplay offers the full breadth of Russell & Miller products, at lower price points.
"Nine brands, one infrastructure…. While the market continues to concern us with our year-over-year top line, we have found that there are many opportunities for a "roll-up" acquisition strategy to offset a combined decline in sales. We have purchased an operating entity for much less than book value, where additional value is created when we utilize the assets through the operations of the entire entity."
To learn more about R&M and NCD and its individual brands, visit www.newcenturydirect.com.
About New Century Direct
New Century Direct is an online sales and marketing company that is vertically integrated and designs, manufactures, and markets a variety of photo presentation and office organization products. NCD owns a 35,000 square foot factory in Tijuana, Mexico and operates out of 70,000 sqaure foot facility for warehousing, distribution and corporate offices in Santa Fe Springs, California.
NCD markets via a stable of established brands:
Light Impressions™ was established in 1969 and is the leading resource for archival and presentation supplies. The brand offers the world's largest variety of archival storage, display and presentation materials and sells to such customers as museums, galleries, photo-centric institutions, professional photographers, and pro-sumers in the photography market.
Century Photo™ was established in 1953 and helps consumers organize, protect and display their images with a complete line of photo albums, photo pages, scrapbooking items, collector accessories and genealogy products.
Century Business™ was established in 1953 and is an industry leader in manufacturing and distributing world class office supplies and business organization tools. The brand serves organizations large and small from the small office/home office (SOHO) market to Fortune 500 companies.
FileRite™ was established in 1975 and has been providing specialty plastic filing and organization products to medical, dental, legal and general business companies. The brand is the leader in versatile, durable and quality solutions for business organization.
Laserline™ was established in 1983 and offers an extensive line of portable and home/office media storage options as well as a line of media accessories. The extensive offering includes portable CD/DVD and media storage, iPod cases, silicon iPod and PSP skins, and other iPod/MP3 related accessories.
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