BlackEagle Acquires Rockford Products.BLOOMFIELD HILLS, Mich. -- BlackEagle Partners, a private equity firm focused on turnarounds and special situations, acquired selected assets of Rockford Products ("Rockford"), a Rockford, Illinois Rockford is a mid-sized city located on both banks of the Rock River in far northern Illinois. Rockford is often referred to as "The Forest City" and is the county seat of Winnebago County, Illinois, USA. As reported in the 2000 U.S. based manufacturer of highly engineered chassis and suspension components, in a sale process conducted under Section 363 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Code. On the day of closing, BlackEagle made some key changes in the management team to facilitate the rapid improvements planned at the Company. "Since the outcome of the bankruptcy auction, we have been working closely with the Rockford team to design and map out specific profit improvement initiatives," said Harry Watson, partner of BlackEagle. Founded in 1929 and located in Rockford, Illinois, Rockford Products is an international leader in the cold-forming industry, supplying chassis and suspension components to vehicle OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and aftermarket customers. The Company's products are used in safety critical suspension applications and include Ball Studs, Studs, Track Bolts, Ball Pins, Engineered Bolts and Circular Extrusions. In addition to its core product line, Rockford offers value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. products and services such as precision machining, engineering, heat treating, tool design and manufacturing, and finishing. "Rockford has an outstanding product portfolio and has built a substantial presence overseas. We are excited to be part of the Rockford team and to grow with our customers both domestically and abroad," said Garrett Kanehann, partner of BlackEagle. In addition to its U.S. operations, the Company conducts business internationally through joint ventures in Changzhou, China and Guadalajara, Mexico. BlackEagle Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York and Bloomfield Hills, Michigan Bloomfield Hills is a city in Oakland County of the U.S. state of Michigan. It is located in the Metro Detroit area, nearly completely surrounded by Bloomfield Township; it also borders the city of Birmingham. As of the 2000 census, the city population was 3,940. , is an operationally focused, middle market private equity firm that seeks to acquire underperforming and distressed businesses, non-core subsidiaries, and companies operating in out of favor industries. The firm focuses on businesses below $200 million in enterprise value. For more information, please visit www.blackeaglepartners.com. |
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