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Tomsed Corporation
Acquires Intertex
Barriers and Booths
December 7 , 2004
Lillington, NC – December
7, 2004 – Tomsed
Corporation announced
it has acquired Intertex
Barriers and Booths,
Inc. (“Intertex” or “IBB”),
a manufacturer and
installer of vehicle
barriers and gates.
Intertex is headquartered
in Valencia, California.
The terms of the transaction
were not disclosed.
“We were attracted
to Intertex because
of its strong line
of proprietary, U.S.
State Department certified
barrier products which
are sold into the high
growth security market.
Further, those products
are sold through distribution
channels that are complementary
to Tomsed’s”,
said Robert Sedivy,
President and Chief
Executive Officer of
Tomsed. “We look
forward to supporting
Intertex in its growth.”
"During the
last few years we have
experienced increasing
demand for our products,
driven by Homeland
Security requirements
and overall increased
awareness of the need
for reinforcing perimeter
defenses. As a result,
we have expanded our
manufacturing capability
and are in a position
to deliver and service
the increase in distribution
we will see through
Tomsed's worldwide
dealer network”,
said Joe Lopez, General
Manager of IBB.
Tomsed Corporation
is majority owned by
Brynwood Partners L.P.,
a private investment
firm based in Greenwich,
CT. Henk Hartong, Jr.,
Senior Managing Partner
of Brynwood said, “We
are excited to add
this investment to
the Brynwood Partners
family of companies.
This investment is
consistent with our
strategy of building
Tomsed into a significant
competitor in the access
control and
Homeland
Security markets.”
IBB
was advised b y Peter
A. Sokoloff & Co.,
a firm that represents
Homeland Security
related companies
nationwide.
About Tomsed Corporation
Tomsed
Corporation is a US
leader in access control
products including
full height and half
height turnstiles and
high security revolving
doors. For more information
on the company, please
visit www.tomsed-turnstiles.com.
About Brynwood Partners
Founded
in 1984, Brynwood Partners
is a private equity
fund which invests
in lower middle
market companies over
a long-term horizon
targeting consumer
products, light industrial
manufacturing, specialty
retailing and business
services. The principals
of Brynwood have made
investments in 17 portfolio
companies and have
successfully partnered
with management and
owners who want to
continue to run their
businesses but need
the financial and operating
partner support Brynwood
uniquely provides.
Brynwood Partners is
based in Greenwich,
CT. For more information,
please visit: www.brynwoodpartners.com.
Contacts:
Brynwood
Partners:
Joan
Y. McCabe,
Managing Partner,
(203) 622-1790
Tomsed
Corporation:
Robert Sedivy,
President and CEO,
(910) 814-3800
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