This acquisition extends DORMA's portfolio of ANSI-compliant electromechanical access control products and systems, and strengthens DORMA's presence in the North American market. Headquartered in Cambridge, Ontario (45 minutes southwest of Toronto), RCI also has a subsidiary in Virginia, a new warehouse opening in southern California, and a sales network of more than 50 agents across North and South America.
"The Americas region provides great opportunities for gaining market share based on our ability to offer integrated premium access solutions, and the RCI acquisition represents a big step forward in this regard," commented Wil VandeWiel, Area President of DORMA Americas.
RCI President Eric Gowland enthusiastically described the opportunities created by this combination of two of the best-known family businesses in the industry: "RCI is excited to play a key role in accelerating DORMA's growth throughout the Americas. Joining forces with DORMA will further enhance both our companies’ abilities to dominate our industry as innovative leaders in access control solutions."
"The Americas area offers the DORMA Group major growth potential. Our acquisition of RCI is a logical continuation of our solution-led business approach aligned to customer benefit," said DORMA CEO Thomas P. Wagner.
Like DORMA, RCI has a long tradition of providing innovative electronic access control solutions. RCI's culture aligns with DORMA's values, mission and vision. Also like DORMA, RCI is a premium supplier in its segment. For this reason the RCI brand will be retained after the closing of the deal. RCI management is also to remain actively involved in leading the business. DORMA has appointed Josh Horvath as Integration Manager, the officer responsible for ensuring that the transition and RCI's entry into the DORMA family are successfully facilitated.
Some 50 RCI employees serve the Canadian and US markets, also supporting rapid growth in South America, the Middle East, and Europe. RCI's main products are electric strikes and electromagnetic locks.
The acquisition was completed on November 8, 2012 with the RCI workforce officially joining the DORMA Group on November 8, 2012.