New Century Direct

• Home
• »
• Press Releases
• »
• Russell & Miller Acquired

Russell & Miller Acquired

January 31, 2009

Santa Fe Springs, CA - 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, www.russellandmiller.com, 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, www.shopncs.com, markets price marking supplies, store fixtures and displays primarily within the retail apparel industry.

Sale!Signs, www.shopsalesigns.com, provides custom and seasonal signage primarily within the retail home furnishings and floor coverings market.

ValuDisplay www.valudisplay.com, 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.

Contact: