EASTON, MD - Cormark, a retail wood fixtures manufacturer with $30 million in revenue and 650,000 square feet of operations split between Chicago and China, has retained Equity Partners to find a buyer or investor.
Equity Partner' describes Cormark's retail fixtures and store interiors business as "seeking immediate sale or equity," calling it a global manufacturer and distributor of retail fixtures, P-O-P displays and retail signage systems.
"We have had a lot of interest in Cormark," says Equity Parnter's Matt LoCascio. "We expect to have an agreement settled by July. Until then, it's business as usual as Cormark continues to serve its customers throughout this process."
Equity Partners says Cormark is ISO 9001:2000 certified, leases 300,000 square feet of space near Chicago's O’Hare International Airport "and another 350,000 square foot manufacturing facility through its wholly owned foreign enterprise in China." A lengthier description in a PDF at Equity Partner's site Cormark's business.
Clients are said to include multinational brands, big box retailers in the DIY market, large discount retailers, top tier athletic shoe companies, and fashion and apparel brands.
"This is an outstanding opportunity to capture a quality customer base and sales volume, over 50 patents, and an Asian footprint," notes the offering.
Equity Partners, a unit of RB Capital, has handled a number of deals in the wood products industry, including furniture firm A. Brandt; cabinet maker Belwood Manufacturing Co.; Harris Furniture Reproductions, Inc.; cabinet maker Longview Manufacturing; Dallas Woodcraft; Loughman Cabinet Company; South Bay Forest Products; wood biofuel firm Batey, Inc.; and Woodworking Inc.