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Interline Brands, Inc.,
Jacksonville, FL, has acquired Copperfield (CCS Enterprises, Inc.), Fairfield,
IA,
a national distributor and direct marketer of specialty ventilation and
chimney maintenance products, for $70 million.
Copperfield brings annual sales
of $41 million. See article href="/Admin/news/35_15/news/2764-1.html"
target=_blank>here.
The acquisition of Copperfield fits
Interline's strategy of expanding
in the residential repair markets, says
Michael Grebe, president and CEO of Interline Brands. "We were attracted to
Copperfield
because of its strong catalog brand, national distribution coverage
and EBITDA margins exceeding 20%. Copperfield's strengths
in direct marketing
and ...
Interline Brands, Inc.,
Jacksonville, FL, has acquired Copperfield (CCS Enterprises, Inc.), Fairfield,
IA,
a national distributor and direct marketer of specialty ventilation and
chimney maintenance products, for $70 million.
Copperfield brings annual sales
of $41 million. See article href="/Admin/news/35_15/news/2764-1.html"
target=_blank>here.
The acquisition of Copperfield fits
Interline's strategy of expanding
in the residential repair markets, says
Michael Grebe, president and CEO of Interline Brands. "We were attracted to
Copperfield
because of its strong catalog brand, national distribution coverage
and EBITDA margins exceeding 20%. Copperfield's strengths
in direct marketing
and multi-channel sales fit extremely well with our operations and our culture.
This acquisition
enables us to continue to expand our HVAC business, and
provides purchasing leverage and sourcing opportunities."
Interline
will use its existing
infrastructure to improve operations, expand the market, and cross-sell items to
Copperfield's
customer base from Interline's existing product offering, added
Grebe. Copperfield's management team will stay with the
company as it joins
Interline Brands.
Founded in 1979, Copperfield
operates six distribution centers throughout
the U.S. and employs over 125
people. The company offers more than 5,000 brand name and private label repair
and replacement
items including chimney replacement and relining products,
specialty ventilation components, hearth products and gas and
electrical
appliances.
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