RCR International has been sold to M-D Building Products and Lanart Rug
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that RCR International, Inc., based in Montreal, Canada, and its wholly owned U.S. subsidiary W.J. Dennis & Company (together “RCR”, or the “Company”) have sold their weatherstripping, hardware and seasonal and flooring trims businesses to M-D Building Products, Inc. (U.S.), a provider of weatherstripping products, and their flooring (non-flooring trims) inventory to Lanart Rug Inc. (Canada), a provider of area rugs, mats and other flooring products.
Founded in 1946, RCR is a provider of over 1,500 products, including weather stripping, insulation components, floor protection products, squeegees and other products for professionals and do-it-yourselfers. RCR possesses a more than 90% weatherstripping market share in Canada, with an initial foothold in the U.S. through W.J. Dennis. The Company’s products are sold under the brands Climaloc®, ComfortPlus®, Dennis®, PolarGrip® and Topsi® through leading retailers, such as RONA, Home Depot Canada, Lowe’s and Canadian Tire.
Lincoln acted as the exclusive financial advisor to RCR, and worked closely with the management team and various stakeholders throughout the sale process. The Lincoln team provided M&A, restructuring and industry expertise and closely managed all aspects of the process, including preparatory activities, deal marketing, due diligence and negotiations. Lincoln ran a broad auction process, under a tight timeline, to maximize value for the stakeholders after the Company filed for protection under the Companies’ Creditors Arrangement Act (“CCAA”). Lincoln maximized value for all stakeholders by successfully negotiating separate transactions for each business unit of RCR.
About RCR International
Founded in 1946 and headquartered in Boucherville, Canada, RCR is recognized as a pioneer in the door and window insulation market. RCR has a history as a manufacturer and value-added distributor of over 1,500 products, including weather stripping, insulation components, floor protection products, squeegees and other products for professionals and do-it-yourselfers. RCR distributes its consumer products in the U.S. through its wholly owned subsidiary, W.J. Dennis.
Consumers use RCR’s products to maintain and enhance the comfort and energy-efficiency of their homes, and retailers feature the products in the home improvement and do-it-yourself categories. The Company’s core product portfolio of door and window insulation, indoor/outdoor flooring and utility accessories includes some of the most recognized and highest quality brands, such as Climaloc®, the top-selling Canadian brand of consumer weather stripping, ComfortPlus®, Dennis®, PolarGrip® and Topsi®.
For further information about RCR, please visit www.rcrint.com.
About M-D Building Products
M-D Building Products (or the “Company”) designs manufactures and markets a range of residential and commercial weatherproofing products, including door and window weatherstripping, garage door weatherstripping, pipe insulation and a complete line of interior and exterior caulk marketed under both the Tower Sealants and DuPont™ brands. The company also produces aluminum and wood flooring transitions as well as installation tools.
The Company is headquartered in Oklahoma City, where its primary manufacturing and distribution facilities are located. M-D Building Products also operates seven additional manufacturing and distribution sites across the U.S. and Canada. The Company sells its products through numerous retailers and professional channels to consumers, contractors, wholesalers and community agencies across the nation.
In 2007, the current management team bought out the founding Macklanburg family after three generations. Led by majority shareholder Loren Plotkin, the management team has continued to grow and expand the company’s product lines and upgraded manufacturing and distribution capabilities and facilities.
About Lanart Rug
Lanart Rug Inc. (“Larnart”), established in 1992, is a recognized market leader in area rugs, mats, seasonal carpet and indoor and outdoor carpet in Canada both as a domestic manufacturer and importer. Lanart is based near Montreal, Québec, and maintains secondary manufacturing and warehousing facilities in British Columbia and Georgia. Lanart’s strategic locations allow for the shipment of thousands of products across North America every week. Lanart’s mission is to exceed the expectations of its customers by offering outstanding customer service, on-trend products and designs, superior quality and great value in order to satisfy the end consumer.
For further information about Lanart Rug, please visit www.lanartrug.com.
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