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Superb Case Acquires Jadco
Vol. 873 
December 6, 2011

Bidding to “significantly” increase sales, H & M Industries LLC, the parent company of Rhode Island-based supplier Superb Case (asi/90230), has purchased the assets of Jadco, Exclusive Findings and Sprague Industries. Financial terms of the deal, which was formally negotiated during the last six months, were not disclosed. “They were a friendly competitor and it was perfect timing,” said Alan Horovitz, president of Superb Case, in an interview yesterday with Counselor. “They have a lot of very talented people and some great customers, so it was a win-win. We’re picking up additional products and we’ll be able to diversify.”

 

According to Horovitz, Superb Case has hired “a handful of people” from the companies it acquired to support manufacturing, customer service and administrative duties. Currently, Superb Case employs 40 people and maintains a factory in North Providence. Its product line includes bookmarks, ornaments, plate frames, golf accessories and luggage tags, among other items. This acquisition is the supplier’s fourth in the last 11 years, following deals with W.A.P. Watson (in 2000), Romac (2006) and Rawcliffe (2007).

 

Without discussing specifics, Horovitz says his company increased sales “a bit” in 2011. Superb Case’s total revenues are below $5 million annually, according to Horovitz. “We’re a progressive company with a great future in front of us,” he said. “We’re unique and we have good importing capabilities. With this new deal, we expect to really be able to grow.”

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