Met Merchandising Concepts acquires Dove Tail Industries



NEW YORK, September 19, 1998 - Met Merchandising Concepts, a Sentinel Capital Partners portfolio company, today announced that it has acquired Dovetail Industries, a Chicago-based high-end specialty wood fixture manufacturing company. Met, located in Chicago, Illinois, designs and manufactures high quality fixtures, forms, and decorative and graphic displays for the upscale retail store industry.



Met made this add-on acquisition because Dovetail provides:

  • captive, quick-turnaround prototyping capabilities
  • flexibility to better offer and service short-run and short lead-time orders, which typically command significantly higher gross margins
  • a lower cost position, given that Met has historically outsourced all of its wood fixture manufacturing
  • attractive revenue and cost synergies.

 

Met has established a leading position in the visual merchandising industry. Met serves a diverse group of high quality department store, specialty store, and branded consumer product companies that operate vendor shops within retail stores. Met's leading edge design and product development expertise combined with its manufacturing, delivery and installation capabilities allow Met to offer one-stop solutions to its customers.