This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Chromcraft Revington Acquires Executive Office Concepts

Chromcraft Revington, Inc. (NYSE Amex: CRC) today announced its acquisition of Executive Office Concepts, Compton, California on March 20, 2012.

Executive Office Concepts (EOC) has been in the seating and casegoods business for four decades. EOC was founded by Richard L. Sinclair, who got his start in the furniture industry working his way through college. He has been the President and Chief Executive Officer and active in the day to day affairs of EOC. He has agreed to serve as a consultant for Chromcraft Revington.

Mr. Sinclair has been on the Board of Directors of several trade associations, including the Business and Institutional Furniture Manufacturers Association (BIFMA). He is currently President of the Contract Interiors Marketing Association ( CIMA).

EOC’s leased manufacturing facilities are located on fifteen acres of modern industrial property in the Los Angeles Business Park, halfway between downtown Los Angeles and the Port of Los Angeles.

Ron Butler, Chairman and CEO of Chromcraft Revington commented, “We are delighted to be able to build upon our 50 years of manufacturing experience in Senatobia, Mississippi, with the acquisition of EOC. We believe its commercial product lines, especially an extensive health care line, complement our current product line of seating, tables, and waiting area furniture. We plan to operate EOC and offer its branded products to our contract customers, especially those seeking office suites and those in the health care segment. The company has been profitable during the recent difficult economic conditions and we expect the acquisition to be accretive in 2012.”

Matt Prochaska, President of Chromcraft’s Commercial Contract Division indicated, “We believe that the addition of EOC to our product offerings will provide EOC’s and our independent sales representatives with one of the most dynamic offerings to serve commercial furniture dealers, the architectural and design community , government agencies, airports, and especially health care clients”.

Dick Sinclair commented, “I am delighted to see the business that I founded and developed with the support of wonderful employees, sales representatives and top level customers continue through this transition with Chromcraft Revington. I am also excited to continue to be involved with EOC by joining the Chromcraft Revington team.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,180.32 -99.42 -0.58%
S&P 500 1,991.99 -18.41 -0.92%
NASDAQ 4,516.5160 -63.2730 -1.38%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs