PAC Holding Company

FOR IMMEDIATE RELEASE
July 14, 2000
 

 

PAC HOLDING COMPANY MERGES WITH GO RHINO! PRODUCTS

 


ORANGE, CA: July 14, 2000:California Aluminum Products, Inc. doing business as Go Rhino! Products (“Go Rhino!”), a leading manufacturer and marketer of chrome-plated and painted steel grille guards and side steps, today announced that it merged with PAC Holding Company (“PAC”) of Denver, CO. Formed in 1998 by Russ Stubbings and Prospect Partners, PAC has built a base of automotive and truck accessories companies through its acquisitions of Pace-Edwards Company, a manufacturer and distributor of retractable tonneau covers and Shelf-It/Rifle-It branded products, and Wings West, Inc., a manufacturer and marketer of body styling kits.

We are excited about the opportunity to expand on what we have built here. We are fortunate to have assembled an excellent team that has made our success possible. Our relationship with PAC will allow us to capitalize on the momentum that has been building in our business, said Ron Storer, the President of Go Rhino!

Go Rhino! will continue to operate from its facilities in Orange, CA. All of Go Rhino’s employees under the leadership of Ron Storer, Go Rhino’s President, will continue in their current capacity.

Russ Stubbings, Chairman and CEO of PAC Holding, formerly served as CEO of Deflecta-Shield Corporation and prior to that as COO of Lund International both NASDAQ-listed manufacturers and marketers of aftermarket truck accessories. “ We are very thrilled about the prospect of working with Go Rhino!. The people at Go Rhino! impressed us throughout this transaction with their energy and focus on customer service and quality. We believe that Go Rhino! will continue to enhance our platform on which to build a very special company in this industry”, commented Mr. Stubbings.

Prospect Partners, LLC manages a $105 million private equity fund focused on financing management-led leveraged acquisitions and providing growth capital for lower middle market businesses with niche strategies. Go Rhino! provides an exciting opportunity to work with an innovative and energetic management team in an evolving segment of the automotive and truck accessory industry”, said Erik Maurer of Prospect Partners.

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MORE PRESS RELEASES

February 12, 2002
PAC Holding Company Acquires Trenz

November 19, 1999
Pace Edwards Company Acquires LTD Accessories
August 2, 1999
PAC Holding Company merges with Wings West
January 11, 1999
PAC Holding Company to merge with Pace Edwards Company
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Russ Stubbings Joins P.A.C. Holdings as Chairman and CEO