A virtual press conference from Sound & Video Contractor

VTG HOLDINGS INC. (THE RAPCOHORIZON COMPANY) SOLD TO RHC MANAGEMENT IN PARTNERSHIP WITH EQUITY INVESTMENT GROUPS

March 31, 2008 – The RapcoHorizon Company, a whole owned subsidiary of VTG Holdings Inc., announced today that they have signed a definitive sale agreement as of February 29th, 2008, with RHC management, in conjunction with Midwest Mezzanine Funds, and Busch O’Donnell Capitol Partners, both equity investment groups, for the sale of the company’s stock and assets. The terms of the agreement were not disclosed. VTG Holdings Inc., stock and all assets have transferred to the newly formed RHC Holding Corporation. The RapcoHorizon Company, www.rapcohorizon.com, is a market leader in audio, video and data cable manufacturing for the audio retail, A/V installation, Home Theater, and Datacom markets. RHC Holding Corp. provides interconnectivity products with revenues exceeding $65 million annually.

“This purchase of the company will now provide management an opportunity for much more involvement in future development strategies with regards to expansion into new markets, acquisitions strategies, and furthering the development of our existing markets.? said Dale Williams, President of RHC Holding Corp. “With our new investment partners beside us, we can now explore many of these untapped opportunities with a new fervor and enthusiasm.

Lisa Williams, the Senior Executive Vice President of sales and marketing takes over as President of The RapcoHorizon Company, the A/V cable manufacturing arm of the business, and Scott Wachter, VTG’s CFO will resume as president of Major Custom Cable, www.majorcustomcable.com , the Data/Telecom manufacturing business unit which provides fiber optic cables, as well as copper data cable assemblies to the system integrator markets.

About RHC Management:
RHC Holding Corp. will continue to own and operate 7 facilities in Missouri, Texas, Mexico, Massachusetts and Canada. RHC Corporate offices, main manufacturing plants, and Major Custom Cable facilities are all located in Southeastern Missouri. N.A.F.T.A. Inc., a manufacturing facility in Del Rio Texas, and Ciudad Acuña Mexico, operates as a Maquiadora, and provides labor for OEM customers that service many other markets. Horizon Wire and Cable in Leominster Massachusetts is the wire and cable extrusion facility for the entire RHC Holding group, and provides sales to OEM customers as well. Rapco Professional Sound in Toronto Canada provides direct distribution and manufacturing of RHC products for those customers located in Canada.

About The RapcoHorizon Company:
The RapcoHorizon Company, located in Jackson, Missouri, is one of the world’s largest manufacturers and suppliers of audio, video, home theater, data and telecommunications cable in both bulk wire and assemblies. Used worldwide by concert touring sound companies, video and sound contractors, recording studios, system integrators, audiophiles and musicians, The RapcoHorizon Company’s products provide optimal flexibility and premium performance. The company’s state-of-the-art Custom Shop can modify existing products or build new devices to meet any need. For more information, please visit The RapcoHorizon Company’s Web site at www.rapcohorizon.com.

About Major Custom Cable:
MCC, located in Jackson, Missouri, is a leading manufacturer of both copper and fiber data communications cable assemblies. MCC offers a complete line of copper patch cords (including Cat 5E and Cat 6), Telco cables, peripheral interfaces and a complete line of fiber patch cords, including multi-mode, single-mode, laser optimized and angle and ultra polishes. MCC’s products are used worldwide by integrators, installers, IT managers and technicians. The company can build any product to custom specifications or build entirely unique cable assemblies. All of MCC’s products are available through local authorized distributors. For more information, please visit MCC’s Web site at www.majorcustomcable.com .

Shotoku To Boost Worldwide Sales Initiatives with Appointment of New Technical Sales Manager
California Baptist University’s Collinsworth School of Music Preaches to the Choir about DPA Microphones
Sennheiser’s Esfera wins IABM Design and Innovation Award
ARGOSY Presents Video Interview with Producer/Mixer/Songwriter (and Financial Advisor) Glenn Rosenstein to Celebrate Company’s 20th Anniversary
Pensado’s Place and Vintage King Announce Sponsors as They Prepare for Gear Expo in Nashville
GC Pro Chosen to Design Extensive A/V Setup at New Flagship Guitar Center Store in Manhattan’s Times Square
Singer-Songwriter Jeff Campbell Uses Bose® L1® Model II System for a Variety of Performance Venues
Clay Paky Hits the Road with Journey and the Steve Miller Band’s Summer Tour
NUGEN Audio AES Product Preview
Sennheiser adds an interpreter console to its Tourguide portfolio

About

Stay up to date on the latest technology news. Select press representatives post company news several times a day. Check back often to get the latest news on product releases, mergers and acquisitions, and product applications. To be included in this virtual press conference, please contact The Wire.

Calendar

March 2008
M T W T F S S
« Feb   Apr »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication