Case Logic, International Manufacturer of Storage Accessories, Is Purchased by KRG Capital Partners; Denver- Based KRG a Private Equity Investment Firm.Business Editors LONGMONT, Colo.--(BUSINESS WIRE)--July 5, 2000 Case Logic Inc., a leading marketer and distributor of lifestyle-oriented accessory accessory, in criminal law, a person who, though not present at the commission of a crime, becomes a participator in the crime either before or after the fact of commission. products, announced its purchase by KRG KRG Kurdistan Regional Government KRG Key Resource Group (Los Angeles, California) KRG Killology Research Group KRG Knoxville Repeater Group Capital Partners L.L.C., in partnership with Case Logic management. KRG, a Denver-based private equity investment firm, purchased Case Logic from Netherlands-based parent company Hagemeyer N.V. The transaction is expected to close by late July, after regulatory approvals have been obtained. With headquarters in Longmont, Case Logic is a worldwide leader in the design, sourcing, marketing and distribution of lifestyle-oriented storage and organizational accessory products for the audio, computer, photo-video, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. and automotive markets. Founded in 1984, Case Logic employs some 180 people in its Longmont facility. All of Case Logic's operations will remain at its current locations, and the company's plans to expand the U.S. facility in Longmont will be finalized See finalization. shortly. "We expect our partnership with KRG Capital Partners, combined with our passion for providing outstanding products and services to customers and consumers throughout the world, will lead to significant growth in the years to come," said Peter Storz, president, Case Logic. KRG Capital Partners specializes in acquiring controlling interests controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in companies and growing them into larger enterprises through a combination of add-on A purchase of additional goods before payment is made for goods already purchased. An add-on may be covered by a clause in an installment payment contract that allows the seller to hold a security interest in the earlier goods until full payment is made on the later goods. acquisitions and internal growth. KRG seeks to form strong partnerships with management and employees to build industry-leading companies through add-on acquisitions and internal growth. KRG's capital has been committed from a prestigious group of institutional and individual investors. KRG manages more than $265 million of capital, with an additional $500 million available. |
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