Rutherford Controls sold to Dorma
Vicky Rutherford, owner and CEO of privately-held Rutherford Controls Int'l Corp., announced that the company has been sold to The Dorma Group. The acquisition was completed on Nov. 8. Terms of the deal were not disclosed.
Eric Gowland, president of Cambridge, Ont.-based RCI, said in a statement that “RCI is excited to play a key role in accelerating Dorma’s growth throughout the Americas. Joining forces with Dorma will further enhance both our companys’ abilities to dominate our industry as innovative leaders in access control solutions.”
According to the companies, Dorma intends to keep the RCI brand and to maintain RCI “business as usual including all customers, employees, sales representatives, suppliers and locations.”
RCI has a subsidiary in Virginia, a new warehouse opening in southern California, and a sales network of more than 50 agents across North and South America.
“The America’s region provides great opportunity for gaining market share based on our ability to offer integrated premium access solutions and the RCI acquisition represents a big step forward in this regard,” said Wil VandeWiel, Dorma Area President Americas.
Dorma is a privately-held, family-owned business in operation for more than 100 years. The Dorma Group is headquartered in Ennepetal, Germany, and operates in 49 different countries with more than 6,600 employees. They maintain major production plants in Europe, Singapore, Malaysia, China, North and South America.