THIRD QUARTER

• Callison, Seattle, WA, has secured a private capital investment from Blue Point Capital Partners. 

SECOND QUARTER

• Otema Store Fixtures, Toronto, Canada, acquired by a private investor.
• Pop Displays (Formerly D/B/A Diam USA), acquired by Sun Capital Partners, Inc.

FIRST QUARTER

• National Print Group, Chattanooga, TN, acquired by Wingate Partners, management and other investors.
• Suss Woodcraft International, LaSalle, Quebec, Canada, assets liquidated.
• Cubellis, Boston, MA, has merged with GBQC Architects, Philadelphia, PA.
• Interlake Material Handling, Naperville, IL, acquired by United Fixture Holdings.

FOURTH QUARTER

• Pan-Oston Co., Bowling Green, KY, acquired PRG Caseworks Inc.

THIRD QUARTER

• Alexander-Otto Company, Grand Junction, CO, acquired by Marmon Retail Services.
• China Fixture, Shanghai, China, acquired by Leggett & Platt (NYSE:LEG).
• Eastern Wire Products Co., Providence, RI, assets liquated.
• Trim Corp. of America, Brooklyn, NY, acquired by private investors.

SECOND QUARTER

• Abbey Store Fixtures, Toronto, CAN, acquired by a private investor.
• Ready Metal Manufacturing Co., Chicago, IL, assets liquated.
• TFS, Toronto, CAN, assets liquated.
• Russell-William, Odenton, MD, acquired by IDX Corp.
• Hirsh Industries, Inc., the parent of MEG, Cambridge City, IN, has filed Ch. 11.
• United Fixtures Company, South Bend, IN, acquired by Wynnchurch Capital Partners.

FIRST QUARTER

• Pipp Mobile Storage, Walker, MI, acquired by Prospect Partners LLC and other investors.
• Kazon Market Products, Franklin Park, IL, assets liquated.
• Marlton Technologies, Inc. (AMEX:MTY), acquired Showtime Enterprises, Paulsboro, NJ.

• Excel Storage Products, Inc., East Stroudsburg, PA, a division of Excel Mining, acquired the assets of United Steel Products Company.
• Equality Specialties, Inc., New York, NY, assets liquated.
• National Marketing Services, Edison, NJ, has acquired Standard Merchandising Solutions, Ltd.
• Sonoco Products Co., Hartsville, SC (NYSE:SON), has acquired CorrFlex Graphics, LL.C.
• Duracolor LL.C., Racine, WI, acquired the assets of Color Arts.
• Matthews International Corporation, Pittsburg, PA (NASDAQ:MATW), has acquired Cloverleaf Group, which was formed by the recent merger of IDL, Inc., and Big Red Rooster.
• Panel Processing, Inc., Alpena, MI, has acquired InterForest Corp.

• Look, Inc., New York, NY, has been acquired by management.
• Marlite, Dover, Ohio, has been acquired by management.

• Alu, New York, NY, acquired by Manfrotto SA. Alu had revenue of 17.8m pounds and an EBIT of 1.6m pounds for the year ended December 31, 2002. The price paid for Alu represents 67% of sales, 7.425X EBIT and 1.05X book value.
• LCM Associates, Inc., Baltimore, MD, assets liquidate.
• Borroughs Corporation Retail Business, Kalamazoo, MI, and the outstanding minority interest in the Reynolds Division of Selkirk Industries, Lynnwood, WA, was acquired by Cinnabar Solutions, the parent of Royston LLC.
• Eden Industries Ltd., South Wales, UK, acquired by Marmon Retail Services.
• Capitol Fixture, Peshtigo, WI, assets acquired by West Shore Industries.

• Millrock, Inc., Sanford, ME, ceased operations.
• NDI Incorporated, Worcester, MA, ceased operations.
• Allstate Fabricators, Cranston, RI, acquired by EMI Industries, Inc.
• BCT2, Portland, OR, acquired by NIR, Inc.
• Oklahoma Fixture Company and Oklahoma Installation Company, Tulsa, Ok, acquired by Penloyd, LL.C.

FIRST QUARTER

• Midwest Fixtures Group, Inc., Anoka, MN, acquired by Fasteners For Retail, Inc.
• Entolo, Inc., Minn., MN, ceased operations.
• Pan-Oston Co., Glasgow, KY, closed its Las Vegas facility.
• Store Kraft Manufacturing Co., closed its Greenwood, AR facility.
• Freely, Inc., Cleveland, OH, ceased operations.
• RHC/Spacemaster Corp., Melrose Park, IL, filed Ch. 11.
• Oklahoma Fixture Company, Tulsa, OK, filed Ch. 11.
• Spencer Products, North Brookfield, MA, acquired by Madix Store Fixtures.
• NS Studios, Toronto, has merged with Miller Multiplex.
• OSF, Toronto, closed its custom wood and custom metal divisions.
• Target Woodworks, Hialeah, FL, ceased operations.

• Pan-Oston Co., Glasgow, KY, acquired by Houchens Industries, Inc.
• IDX, St. Louis, MO, closed its Proco Wood production facility.
• Vail Wire and Steel, Chino, CA, ceased operations.
• Mason Corporation, St. Charles, IL, acquired by Colony Display.
• Hare Enterprises, Long Beach, CA, ceased operations.
• Continental Store Fixtures, Sacramento, CA, ceased operations.
• PermaGrain Products, Inc., New Town Square, PA, ceased operations.
  

THIRD QUARTER

• Bon-Art, Inc., Newark, NJ, acquired by Vira Manufacturing, Inc., Perth Amboy, NJ.
• OSF Partners and related entities, Toronto, Canada, filed for bankruptcy protection in September. This is a subsequent filing by the successor corporations that had filed and successfully emerged from bankruptcy in March.
• Display Fixtures, Charlotte, NC, ceased operations.

SECOND QUARTER

• Retail Design Group, Columbus, OH, acquired by WD Partners.
• Ontario Store Fixtures and its Seven Continents subsidiary, Toronto, assets acquired by HIG and other investors.
• Davaco Inc. (f/k/a Fixture Perfect), Dallas, TX, sold a minority interest to The Staubach Co.
• International Visual Corp., Port Washington, NY, acquired by Artitalia.
• MMC, Inc. (d/b/a Mastercraft Manufacturing Corp.), El Dorado Hills, CA, ceased operations.
• Display Systems, Inc., Maspeth, NY, filed Ch. 11.

FIRST QUARTER

• Modern Manufacturing, Miami, FL, filed Ch. 11. Its assets were acquired by Gabriel Logan LLC.
• Retail Outfitters, Manchester, KY, ceased operations.
• Seymour Frank, Avondale, NJ, ceased operations.
• Bon-Art International acquired certain assets of HMG Worldwide.

FOURTH QUARTER

• Confamart, Medley, FL, ceased operations.
• OSF, INC., Toronto, Canada, acquired Technology Furniture Inc., Toronto, Canada, for an undisclosed amount.
• DAG Fixture and Display Inc., Hauppauge, NY, ceased operations.
• The Spectrum Division of ABC Industries Inc., Freeport, NY, closed its Wyandanch, NY manufacturing facility.
• Goldsmith, Inc., Long Island City, NY, was acquired by Coastline Capital and Prairie Capital, for an undisclosed amount.

THIRD QUARTER

• Kimball International, Inc. (NASDAQ: KBALB) closed a North Carolina fixture manufacturing facility.
• Plessi Commercial Interiors, Inc. (Plessisville, Canada), sold a controlling position to two Canadian investment firms, Fondacpion and Investment Quebec for an undisclosed amount.
• JD Store Equipment (Pico Rivera, CA) was acquired by JD Pacific Rim and and remains operational at the same location.
• BrandPartners Group, Inc. (NASDQ: BPTR) Willey Brothers, Inc. subsidiary acquired the Strategic Market Intelligence Division of the Commonwealth Group for an undisclosed amount.
• The Marmon Group, Inc. (Chicago, IL) acquired Leader Metal Industry Co., Ltd. (Zhongshan,Guangdong Province, China) for an undisclosed amount.

SECOND QUARTER

• Perma Steel Ltd., Somerset, NJ, assets liquidated.
• Winslow Associates Inc., Oklahoma City, OK, ceased manufacturing operations.
• Precision Woodcrafter’s, Manitowoc, WI, ceased manufacturing operations.

FIRST QUARTER

• ABC Industries Inc., Freeport, NY, filed Ch. 11
• Dolphin Manufacturing, Tulsa, OK, assets acquired by Manhattan Store Interiors, Inc.
• Nomus-American, Inc., East Bend, NC, filed Ch. 11.
• Red Wing Products, Inc., Brentwood, NY, ceased its fixture related operations.
• Willey Brothers, Inc., Rochester, NH, acquired by Financial Performance Corporation (NASDAQ: “FPCX”) for $32.5 million plus up to $3.0 million in an earn-out opportunity. The purchase price (assuming the future payments are earned) represents ten times Willey’s 12/31/00 operating income.
• Infrastructure Incorporated, Nashville, TN, acquired by Hoard Investment Company.
• Sloane Group Holdings Limited, Wellingborough, UK, acquired by The Marmon Group.

December

• International Retail Services Group, Redmond, WA, acquired by Keystone Capital.
• Columbia Steel, Oregon, ceased manufacturing operations.

November

• American Manufacturing Co., Chattanooga, TN, acquired by Array Marketing Group.

August

• Electra Display Inc., NY, ceased manufacturing operations.

June

• Thermo Plastics Display, Inc., Chicago, IL, acquired by Fasteners for Retail.

May

• Edron Store Fixtures, Miami, FL, acquired by Legget & Platt (NYSE:”LEG”).

April

• JDS Display & Fixture, Inc., Cincinnati, OH, ceased manufacturing operations.
• Fixture Solutions, LLC, Watertown, SD, ceased manufacturing operations.
• Streater, Inc., Albert Lee, MN, acquired by L.A. Darling Company.
• Vira Manufacturing, Inc., Perth Amboy, NJ, acquired by Churchill Capital.

March

• Dillmeier Group, Torrance, CA, acquired by Legget & Platt (NYSE:”LEG”).
• Genesis Fixtures Inc., Ft. Collins, CO, acquired by Legget & Platt (NYSE:”LEG”).

February

• OSF Inc. (TSE:”OSF”), Toronto, ON, acquired by O Acquisition Corp., NY, for $122 million. OAC also acquired the assets of Royal Laser Tech Corp.’s (TSE: “RLT”) Seven Continents store fixture division.

January

• Amlam, Kansas City, KS, ceased manufacturing operations.
• Factura Kiosks, Rochester, NY, acquired by management from MicroTouch Systems, Inc. (NASDAQ:”MTSI”).
• Pan-Oston Co., Glasgow, KY, acquired by Retail Logic, Inc.

December

• Abrams Fixture Corporation, Atlanta, GA, ceased manufacturing operations.
• FFR, Inc., Cleveland, OH, acquired by Linsalata Capital Partners in a private transaction.

November

• Dann Dee Display Fixtures, Niles, IL, acquired by Legget & Platt (NYSE:”LEG”). Purchase price not disclosed.

October

• Nomus Interiors, Inc., King, NC, merged with Dag Fixtures and Displays, Inc., Hauppauge, NY and Euro-Tek Store Fixture Company, Kent, WA. Terms not disclosed.

September

• Design Fabricators, Inc., Lafayette, CO, acquired by Legget & Platt (NYSE:”LEG”). Purchase price not disclosed.
• Zell Brothers, Inc., Red Lion, PA, acquired by Legget & Platt (NYSE:”LEG”). Purchase price not disclosed.
• Huck Store Fixture Company, Quincy, IL, acquired by The Source Information Management Company (NASDAQ:”SORC”) for $22.4 million plus an undetermined future payment. The purchase price and the future payment amount are equal to four times the average of Huck’s earnings before interest, depreciation and amortization.
• Arrowood, Inc., Norwood, NC, acquired by Huck Store Fixture Company of North Carolina, a subsidiary of Source-Huck Store Fixture Company. Purchase price not disclosed.
• Pentzer Corporation’s Store Fixture Group of eight companies was acquired by Heritage Partners, Inc.

July

• Met Displays, Chicago, IL, acquired by Legget & Platt (NYSE:”LEG”). Purchase price not disclosed.
• Toledo Store Fixtures, Perrysburg, Ohio, acquired by Legget & Platt (NYSE:”LEG”). Purchase price not disclosed.

June

• Bluegrass Woodworking of Kentucky, Inc., Lexington, KY, acquired by RHC/Spacemaster Corp., Melrose Park, IL, in a private transaction.

May

• CDI Group, Inc., New York, NY, acquired by Miller/Zell, Inc. in a private transaction.

April

• Dag Fixtures and Displays, Inc., Hauppauge, NY, merged with Euro-Tek Store Fixture Company, LLC, Kent, WA. Terms of the transaction were not disclosed.
• Paul Herbert Woodworking Co. Inc., Torrington, CT, assets liquidated.
• Mobius Inc., Eugene, OR, assets liquidated.

March

• Modern Manufacturing, Inc., Miami, FL, completed an equity recapitalization.
• National Store Fixture and Display Co., Pompano Beach, FL, ceased manufacturing operations.

January

• Southeast Millworks, Boca Raton, FL, acquired by the Kimball Store Fixtures Division of Kimball International (NASDAQ: “KBALB”).
• CPM Associates, Brentwood, NH, acquired by Interactive Multimedia Network (NASDAQ:”IMNI”).

November

• HGA Products, Birmingham, AL, acquired by Merchandising Equipment Inc. in a private transaction.
• NHD Group Ltd., Brampton, Canada, acquired by Thorco Industries, Inc. in a private transaction.

October

• Hughes and Co., Denver, CO, ceased manufacturing operations.
• Horizon Terra, Incorporated, Jeffersonville, IN, acquired by Pentzer Corporation in a private transaction.
• Pacific Coast Showcase and Pacific Retail Interiors, Puyallup, WA, acquired by Pentzer Corporation in a private transaction.
• Multiplex Display Fixture Company, Fenton, MO, acquired by Miller Manufacturing for $15.6 million, representing 8X 1998 EBIT, 6X 1998 EBITDA and 87% of 1998 sales.

September

• Dovetail Industries, Chicago, IL, acquired by MET Merchandising Concepts in a private transaction.
• Rama Display Corp., Bensalem, PA, ceased manufacturing operations.

August

• Newood Display Fixture Manufacturing Co., Eugene, OR, the controlling shareholder acquired all minority shares.

July

• Ontario Store Fixtures, Inc., Weston, Ontario, Canada, completed a CAN $85 million debt placement.
• Rapid Rack Industries, City of Industry, CA, acquired by Streater Store Fixtures in a private transaction.

May

• JPM Store Fixture and Display Equipment, Inc., Eden Prairie, MN, assets acquired by JPM Fixtures, Inc. in a private transaction.

April

• Triangle Woodworks, Inc., New York, acquired by Pentzer Corporation in a private transaction.
• Hochberg Associate, Inc., New York, acquired by Pentzer Corporation in a private transaction.
• Universal Showcase Ltd., Toronto, Canada, acquired by Pentzer Corporation in a private transaction.
• Rama Display Corp., Bensalem, PA, filed Ch. 11.

March

• Roll-it, Inc., Montreal, Canada, acquired by L.A. Darling Co. in a private transaction.
• Bon-Art International, Inc., Newark, NJ, filed Ch. 11.
• Rama Display Corp., Bensalem, PA, acquired by William Aschinger in a private transaction.

February

• Famous Fixtures, Sun Prairie, WI, acquired by L.A. Darling Co. in a private transaction. Brown Group, former owner of Famous, reported “the sale will result in positive cash flow to Brown Group of about $4 million.” The sale also includes the acquisition of Store Opening Solutions.
• Syndicate Systems, Middlebury, IN, acquired by Legget & Platt. Purchase price not disclosed.
• Wilson Display, Toronto, Canada, acquired by Legget & Platt. Purchase price not disclosed.
• American Woodworks, Greenville, SC, acquired by Legget & Platt. Purchase price not disclosed.

December

• Rama Display Corp., Bensalem, PA, closed its Henderson, NV facility.
• Met Merchandising Concepts, Chicago, IL, completed a $30 million debt and equity leveraged recapitalization.
• DMS Store Fixtures, L.P. (“DMS”), King of Prussia, PA, acquired by Marlton Technologies, Inc. (AMEX: “MTY”), for $14.5 million cash and up to 2.25 MTY shares.The transaction is estimated to value DMS at $21.9 million and represent a purchase price of approximately 3.98X 1997 book value (2.6X 1997 book value in cash), 64% of estimated 1997 sales (42.5% of estimated 1997 sales in cash) and 5.9X estimated 1997 operating income (3.9X estimated 1997 operating income in cash).

November

• Streater Store Fixtures, Albert Lea, MN, a majority position was acquired by ING Equity Partners for $10 million.

October

• Perma-Steel, Inc., Norwich, NY, assets acquired by Perma-Steel Norwich, Inc. in a private transaction.

September

• Proco Wood Company, Minneapolis, MN, acquired by Pentzer Corporation in a private transaction.
• Bernhard Woodwork Ltd. of Wisconsin, Shell Lake, WI, acquired by Ready Metal Manufacturing Co. in a private transaction.

August

• Gulf Millwork and Fixture of Tampa, Inc., Tampa, FL, assets acquired by Mica Case in a private transaction.

July

• Ontario Store Fixtures, Inc., Weston, Ontario, Canada, acquired a 125,000 square foot wood manufacturing facility in Blackstone, VA.
• Customcraft Fixtures, Inc., Albuquerque, NM, acquired by Reinhard Heidfeld in a private transaction.
• Minnegold Store Fixtures, Minneapolis, MN, assets acquired by Vision Woodworking Inc. in a private transaction.

June

• Target Woodworks, Inc., Hialeah, FL, acquired by Pentzer Corporation in a private transaction.
• Standard Cabinet Works, Inc., Los Angles, CA, filed Chapter 7 Bankruptcy.
• Self-Serv Fixture Co., Inc. Fixture Co., Inc., Dallas, TX, ceased manufacturing operations.
• Progressive Woodworks Inc., West Valley City, UT, ceased manufacturing operations.

May

• Streater Store Fixtures, Albert Lea, MN, acquired by Allied Industrial Group, Inc. in a private transaction.
• Tarrant Interiors, Inc., Fort Worth, Texas, acquired by Legget & Platt. Purchase price not disclosed.
• Dayton Showcase Company, Commercial Division, Dayton, OH, ceased manufacturing operations.
• Saraventures Fixtures, Inc., Sarasota, FL, acquired by the Miller Company in a private transaction.

February

• Innovative Companies, Inc., Fort Collins, CO., ceased manufacturing operations.

January

• Elotrofrio S.A., Curitiba, Brazil, acquired by L.A. Darling Co. in a private transaction.
• Amco Corp., Chicago, IL, acquired by Legget & Platt. Purchase price not disclosed.
• Rogers Wade Manufacturing, Richardson, TX, acquired by Legget & Platt. Purchase price not disclosed.

December

• Ontario Store Fixtures, Inc. (TSE: “OSF”), Weston, Ontario, Canada, goes public on the Toronto Stock Exchange. The issue was priced at 10.2X EBIT, 8.2X EBITDA and at a 15.6 PE. In 1994, OSF was taken private in a LBO at 18X trailing earnings and at 9.4X trailing EBITDA.

September

• ISEC’s millwork facility, Colorado Springs, CO, acquired by Northwestern, Inc. in a private transaction.

July

• Multiplex Display Fixture Co., Fenton, MO, acquired by Horizon Partners for 6.1X prior year EBIT and 53% of prior year sales in an all cash transaction.

May

• Excell Store Fixtures and Slot All Limited, Ontario, Canada, acquired by Legget & Platt. Purchase price not disclosed.

April

• Amcraft Fixtures, Tampa, FL, acquired by DisplaysDisplaysDisplays Inc. in a private transaction.

March

• J&R Collection, Chicago, IL, acquired by MET/Merchandising Concepts in a private transaction.

December

• National Store Fixtures, Niles, MI, acquired by partners of KKR, NY in a private transaction.

September

• Semco, Florida, acquired by Legget & Platt. Purchase price not disclosed.
• Concept Graphic Systems, Pompano Beach, FL, acquired by L.A. Darling Co. in a private transaction.

August

• Capitol Hardware, Niles, MI, acquired by RHC/Spacemaster Corporation in a private transaction.

July

• International Storage Systems, Atlanta, GA, acquired by Legget & Platt. Purchase price not disclosed.
• Northern Wire Products Inc., St. Cloud, MN, acquired by Tru-Stone Industries in a private transaction.

June

• SignMaster Corp., Jonesboro, ARK, acquired by L.A. Darling Co. in a private transaction.

April

• Gor-Don Metal Products, Ontario, Canada, acquired by Legget & Platt. Purchase price not disclosed.
• Euro-Tek Store Fixture Company, Kent, WA, acquired by Invest West Capital Corporation in a private transaction.

March

• Talbot Industries, Neosho, MO, acquired by Legget & Platt. Purchase price not disclosed.

January

• Bon-Art International, Newark, NJ, acquired by a Chicago-based investor group for 6X trailing three-year average EBIT.