RCR International and W.J. Dennis have been serving customers since 1900 and produce and distribute high-quality weather-stripping, insulation components, screening, snow brushes, squeegees and other hardware & seasonal products for customers across North America. Carpet and rug runners is the only category which was not acquired as part of the transaction.
"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.
“The expanded product offering enhances our ability to supply our existing customers new product lines, as well as bring new M-D customers a broader product and quality selection. Additionally, this acquisition also marks another example of our successful strategy to grow through selective acquisitions as a means to diversify our customer base and expand our products and service in the market sectors where we compete. This acquisition comes on the heels of our recent purchase of Morse Industries and expands our North American presence, most prominently in the Canadian market where we see significant growth potential.”
"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,” commented 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. 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.”
Lincoln International served as financial advisor for RCR International and W.J. Dennis, which were under Canadian and U.S Bankruptcy Protection.