JACKSON, MO--The RapcoHorizon Company, a whole owned subsidiary of VTG Holdings, have signed a definitive sale agreement 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, 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, AV 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 AV 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.