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Glenn Rieder buys Quality Cabinet and Fixture.

MANews-(C)2009-2012

2 August 2012 - Glenn Rieder Inc, the US custom millwork manufacturer and commercial interior contractor, announced the acquisition of California-based sector player Quality Cabinet and Fixture Co Inc without providing information on financial terms.

The scope of the deal also covers Quality Cabinets de Mexico S. de R.L. de CV, the majority owned subsidiary of the target company.

Quality Cabinet was established in 1966 and is headquartered in San Diego. Similarly to Glenn Rieder, it manufactures and installs premium-grade architectural millwork and related interior finishes. Their work can be found in corporate offices, institutional premises, healthcare facilities, hotels, restaurants and casinos across the US and the Caribbean. Quality Cabinet operates a production facility in the Mexican city of Tijuana.

Mike Floyd, chief executive of Glenn Rieder, said that the two companies had been great rivals for close to two decades and had also collaborated on occasion, working together on landmark projects such as The Wynn Encore and City Center in Las Vegas. Glenn Rieder has come to greatly respect Quality Cabineta[euro](tm)s president Tim Paradise and the entire team of the company and is delighted to have the two organisations brought together. Both companies have been involved in an impressive number of projects and their combination will create a top player in the architectural millwork and custom interior finishes business, Floyd added.

Glenn Rieder was created in 1946 and operates out of offices in Milwaukee, Chicago and Las Vegas. The company employs more than 100 skilled professionals at its facility in Milwaukee.Country: USASector: Furniture/Decoration/Home FurnishingsTarget: Quality Cabinet and Fixture Co IncBuyer: Glenn Rieder IncType: Corporate acquisitionStatus: Closed

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Publication:M & A Navigator
Date:Aug 1, 2012
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