Milwaukee-Based Rudolph Stone Associates and Former Design House Executives Breathe New Life Into Spindaleer Manufacturing Ltd.Business Editors MILWAUKEE--(BUSINESS WIRE)--Oct. 16, 2001 Former Subsidiary of Design House Inc. Given Second Chance Thanks to Investors Rudolph Stone Associates (RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. ), a Milwaukee-based investment group, announced today that it, along with two former company executives, has purchased Spindaleer Manufacturing Ltd. from Germantown, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .-based Design House Inc., a company in receivership receivership In law, state of being in the hands of a receiver, a person appointed by the court to administer, conserve, rehabilitate, or liquidate the assets of an insolvent corporation for the protection or relief of creditors. . A major player in the forest products industry, Spindaleer is a 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. manufacturer of exterior deck or porch spindles and rails, and interior staircase components. The company's primary market channels are major U.S. home center chains and regional lumberyards. The company manufactures in Chilliwack, British Columbia Chilliwack is a Canadian city in the Province of British Columbia. It is a predominantly agricultural community with an estimated population of 70,000 people. The city is surrounded by mountains, and has many parks nearby such as Cultus Lake and Chilliwack Lake Provincial Parks. , and is headquartered in Milwaukee. Terms of the transaction were not disclosed. RSA principals Jeffrey A. Bartlett of Mequon, and Richard S Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a . Bibler of Fox Point, played an integral role in the transaction, which was completed July 20. In addition to RSA, Spindaleer is owned by Kevin Keenan of Mequon, the former president of Design House, and Gerry Eggert of Chilliwack, the former president of Design House's Canadian operation. Keenan will be president of Spindaleer, and Eggert will be president of Spindaleer's Canadian operations. In addition to their investment, Bartlett and Bibler will serve on the company's board of directors. "Spindaleer is an excellent company that really has a terrific market niche," said Bartlett. "The company has superior product quality, manufacturing efficiency, and the capacity to grow. As RSA continues to add to its successful portfolio, we are continually looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. companies like Spindaleer, which have solid market positions but need additional resources and guidance. We view Spindaleer as a promising company that will provide a profitable, long-term investment for our investors." Rudolph Stone Associates (RSA) is a Milwaukee-based investment firm. The Spindaleer transaction is the tenth made by RSA since its founding in 1986. RSA's seasoned acquisition principals have been involved in more than 200 transactions directly through RSA or from previous experience. The firm makes investments in growth oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. small- to middle-market manufacturing companies that sell products under their own name and have demonstrated profitability. For more information on RSA, please call 414/351-2221. Spindaleer Manufacturing is a major producer of value added wood products. The company's products include an array of interior and exterior wooden stair stair n. 1. A series or flight of steps; a staircase. Often used in the plural. 2. One of a flight of steps. [Middle English, from Old English railings, porch and lamp posts and deck railings, including spindles, balusters, newels, ball tops and post caps. One of the largest wood turning operations in Canada, Spindaleer's manufacturing facilities are near Vancouver in Chilliwack, British Columbia. Headquartered in Milwaukee, Spindaleer was purchased in 2001 by Rudolph Stone Associates (RSA), a Milwaukee-based investment group, and two of the company's executives. For more information on Spindaleer, call 262/241-8945. |
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