FNHI 10K done, 100mil retirement from OS leaving the float at about 102mil. What more do you need?
Keep in mind we are in play for our product and or public listing.
LTA Manufacturing LLC, a subsidiary of DeBruce Cos., acquired Ranch Fiberglass, ATC Truck Covers from Jason Industries for an undisclosed amount.
All three companies manufacture tonneau covers and fiberglass caps for pickups. Jason Industries is exiting the cap and tonneau business to focus on the RV and marine industries, so its molds were transferred to ATC’s production facility in Ottawa, Kan. Ranch Fiberglass will continue its production in Elkhart, Ind. LTA Manufacturing will handle all the sales, marketing and manufacturing of the three operations under its umbrella.
“The combination of Ranch, ATC and Jason will enable us to be more flexible and efficient,” David Price, president of DeBruce Cos. subsidiary DeBruce Manufacturing Group, said in a release. “We will be able to ensure faster turnaround to our dealers and to their customers. So far, the transition has been seamless and will not affect delivery or lead time.”
Price said the acquisition of the three brands expands their dealer network and accessories line, which will increase sales.
DeBruce Cos. hires UMKC chancellor as its new COO
DeBruce Cos. founder Paul DeBruce is the former founder, chairman and CEO of DeBruce Grain, which was reaping more than $4.5 billion in annual revenue when it was sold to Gavilon LLC in 2011 for an undisclosed amount. DeBruce created DeBruce Cos. in 2015 as a single-family office to manage his investment portfolio.
That portfolio consists of investments in a broad range of industries, including biotech, energy, manufacturing, technology and real estate. The portfolio is designed to support the long-term objectives of the DeBruce Foundation, which was founded in 1989. The foundation promotes upward mobility and economic security by focusing on initiatives that ensure everyone has equal access to the skills, mindset and opportunity that enables people to live securely and express themselves fully.