Cotton Creek Capital Announces the Acquisition of Seven Stone Assets
Austin, Texas – September 13, 2016 – Cotton Creek Capital, through its portfolio company Houston, Texas-based Royal Manufacturing (“Royal” or the “Company”), completed the acquisition of the Charlotte, NC and Greenville, SC operating assets of Seven Stone Surface Fabrication, LLC (“Seven Stone”), one of the largest stone fabricators in the Southeast. The operations provide Royal Manufacturing with an expanded presence in a growing region in the U.S., including strategically important markets for a number of Royal’s existing customers.
About Royal Baths
Royal is an integrated provider of building products for the bathroom and kitchen. The Company manufactures and distributes a variety of product offerings for the bathroom, including bathtubs (with and without whirlpool systems), shower bases, sinks, and tub skirts. Royal also fabricates and installs custom countertops for the kitchen and bathroom through a broad product offering including granite, laminate, engineered stone, quartz, and cultured marble. Founded in 1969, Royal has developed long-standing customer relationships with many of the leading national and regional homebuilders in Texas and the Southeast. Royal serves its customers via five manufacturing facilities in Texas, North Carolina and South Carolina with additional distribution facilities in Texas and Florida. For more information, visit the Royal’s website at www.royal-mfg.com.
About Cotton Creek Capital
Cotton Creek Capital is a Texas-based private equity firm focused on investing in and growing established lower middle market companies in manufacturing, infrastructure, value-added distribution, industrial, specialty chemical and business services. The Firm invests in companies with enterprise values between $20 million and $200 million through control transactions including buyouts, recapitalizations, buy-and-builds and corporate divestitures. For further information, visit Cotton Creek's website at www.cottoncreekcapital.com.