Rough Brothers Announces the Acquisition of the Assets of XS Smith
Rough Brothers Inc. has designed, engineered, manufactured and installed greenhouses and related systems since 1932. For over 75 years, the company has provided the highest quality, best-crafted and most reliable greenhouse structures to the most successful growers in the industry.
- Cincinnati, OH-KY-IN (1888PressRelease) November 04, 2012 - Rough Brothers Greenhouses, the largest greenhouse manufacturing company in North America announced today that it has bought the assets of XS Smith, Inc. The XS Smith purchased assets; include all manufacturing equipment and inventory, trade names, and all greenhouse structure and systems products and designs.
As part of the transaction, Rough Brothers intends to utilize the existing XS Smith production facility in North Carolina as an additional manufacturing facility. The XS Smith facility is a modern and efficient manufacturing facility which adds to existing Rough Brothers production operations in Cincinnati, Ohio and Shanghai, China. The additional space in Washington, NC allows Rough Brothers to expand its production capability and simultaneously reduce shipping costs for customers in the Northeast, Mid-Atlantic and Southern markets.
"Rough Brothers believe that the greenhouse structures offered by XS Smith will expand Rough Brothers product line options for customers and Rough Brothers look forward to working with them," stated Rough Brothers President Richard Reilly. "Rough Brothers have always believed that offering the highest quality products and being able to engineer our structures and systems to customer preferences is what has made Rough Brothers the largest greenhouse manufacturer in the market and Rough Brothers believe this acquisition will enhance that position."
"Skip Smith feels that joining Rough Brothers was the best option for XS Smith and for their long- term customers. With Rough Brothers' strong nationwide-sales force now offering the XS Smith structures Skip Smith thinks they can start to grow again. In addition, having a strong financial partner like Rough Brothers gives them long-term stability and the resources necessary to compete," stated Skip Smith, President of XS Smith.
Rough Brothers plans on retaining the current key employees at XS Smith including Skip Smith. "Rough Brothers is dedicated to improving its efforts in the market. With the Rough sales team and the talent infusion from the XS Smith team, Tom Vezdos feels they are in a strategic position to understand and fill their customer's needs," stated Divisional Manager Tom Vezdos.
About Rough Brothers Greenhouses
Rough Brothers Inc. has designed, engineered, manufactured and installed Commercial greenhouse and related systems since 1932. For over 75 years, the company has provided the highest quality, best-crafted and most reliable greenhouse structures to the most successful growers in the industry. Known for greenhouse structures and integrated greenhouse systems including material handling systems, heating, cooling, ventilation, irrigation systems and environmental controls, the company is the leading structures and systems company in North American.
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