Data Display Systems, a portfolio company of KLH Capital, has acquired the assets associated with DUCO Technologies point-of-purchase (POP) business. KLH Capital partnered with Equis Capital Partners to acquire Data Display Systems in June 2015.
Data Display is a provider of video, audio, lighting and interactive products to the point-of-purchase displays and fixtures markets. The company, led by CEO Bob Gatta, was founded in 1968 and is headquartered in Philadelphia (www.dd-usa.com).
The buy of the POP business brings together two leaders in the display industry and strengthens Data Display’s product lineup and manufacturing capabilities, specifically within video and Android devices. “As part of a dynamic and ever-evolving industry, we are excited to expand the solutions we can offer our customer base,” said Mr. Gatta. “By adding DUCO’s high-quality point-of-purchase products and factory-direct Asian manufacturing expertise to our already strong offerings, we can help to move the industry forward by creating new cost-effective experiences that captivate and engage customers.”
“We are very excited to welcome DUCO’s point-of-purchase team and product offerings to the Data Display organization,” said James Darnell, a Partner at KLH Capital. “By merging similar innovative product lines and expertise, Data Display is furthering its position as a leading company in the POP component industry.”
KLH Capital invests in niche manufacturing, value-added distribution and specialty service companies with revenues of at least $10 million and EBITDA of at least $2 million. The firm is headquartered in Tampa (www.klhcapital.com).
Under the terms of the acquisition, all products currently in DUCO’s point-of-purchase product line will become part of Data Display and will continue to be produced by the same DUCO factory-direct manufacturer. The product lines included in this transaction are LCD Media Players; Digital Audio Technologies; LED Lighting Solutions; Pricer Signs & LED/LCD Clocks.
“The combination of DUCO’s manufacturing, first-to-market solutions culture and factory-direct management expertise, coupled with Data Display’s US-based engineering expertise and breadth of product offerings, is a true win for the industry,” said Howard Unger, President of DUCO. “We are confident that Data Display will continue to deliver the high-quality solutions our customers expect.”
© 2018 Private Equity Professional | September 28, 2018