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Cambridge Doors Inc.
A division of Danbury Financial Services Inc. |
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| Cambridge Doors Inc. |
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Cambridge Doors, headquartered in Cambridge Ontario, is the oldest door manufacturer in North America with its origins dating back to 1873. The Company makes custom-built doors for schools, offices, hospitals, retirement homes, plus a number of commercial and institutional customers. The Company was recently purchased by a group headed by Rob Turk, the new CEO, who saw an opportunity to match Cambridge Door’s product line with an established distribution channel.
“Because the Company concentrates on custom built products that attract high tolerance architectural specifications, Cambridge Doors is not vulnerable to potential competition from foreign suppliers of door product. With the addition of a proven distribution system and a focus to expand its custom built product line, this so called “old-economy industry based company” is poised for solid growth during the upcoming years,” said Dave Russell, President of Danbury Capital. “Danbury Capital is very pleased to have played a role in the financing of the strategically sound acquisition by the Turk group.”
“We approached Danbury to help finance the acquisition of Cambridge Door because of their reputation for knowledge of equipment values and industry experience. Danbury was quick to give us feedback and to offer us financing for the deal. We were able to close the transaction quickly; and in a professional manner. They looked beyond the asset base of the company and saw our vision for the company going forward. We were thrilled to work with Danbury on this deal and look forward to working with them as a partner in the future,” said Rob Turk, CEO of Cambridge Doors Inc. |
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| Keefco Marketing Ltd. |
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Keefco, headquartered in Mississauga, is Canada’s leading distributor of discounted greeting cards and related accessories, and was the exclusive distributor for Image Craft Inc. (”ICI”), a Canadian greeting card manufacturing company located in Cambridge, Ontario. ICI was placed into bankruptcy by its senior lender in July 2006, and Keefco was forced to substantially restructure its financings. Because of the bankruptcy proceedings involving ICI, traditional commercial lenders refused to assist Keefco with its funding needs. Danbury Capital was approached by Keefco and agreed to provide the funding which will be used to accelerate Keefco’s sales and fuel corporate growth.
“Keefco is a market leader in this sector. With proven management expertise coupled with an extensive distribution network, Keefco makes for a very exciting investment for us,” said Dave Russell, President of Danbury Capital. “Danbury Capital is very pleased to play a role in the recapitalization of Keefco.”
“Danbury Capital responded to our request quickly; did a thorough analysis of our finances and operations; and rapidly approved the necessary funding”, said Keith Pope, Keefco CEO. “We are very pleased with Danbury’s decision making process and its ability to expeditiously analyze problems and offer solutions acceptable to all parties. We enjoy an excellent relationship with Danbury Capital and we are particularly pleased with its ability and desire to very quickly formulate appropriate solutions to Keefco’s financing needs.” |
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