Southfield Capital Advisors Completes Sale of Subsidiary of RCR International, Inc.

GREENWICH, Conn., May 23, 2011 /PRNewswire/ -- 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 not disclosed.

"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 Andre 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 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.  

About Southfield Capital

Founded in 2005, Southfield Capital Advisors provides capital for majority recapitalizations and management-led buyouts of lower middle-market businesses. The firm manages a $150 million fund and makes control investments in North American companies generating $5-$15 million in EBITDA with proven business models, attractive growth and profitability trends and solid leadership.  Headquartered in Greenwich, CT, Southfield Capital also has offices in Alexandria, VA and Louisville, KY.  For more information, please visit www.southfieldcapital.com.

SOURCE Southfield Capital Advisors