Archive for March 31st, 2008

VTG HOLDINGS INC. SOLD TO RHC MANAGEMENT IN PARTNERSHIP WITH EQUITY INVESTMENT GROUPS

March 31, 2008 - The RapcoHorizon Company, a whole owned subsidiary of VTG Holdings Inc., announced today that they have signed a definitive sale agreement as of February 29th, 2008, with RHC management, in conjunction with Midwest Mezzanine Funds, and Busch O‘Donnell Capitol Partners, both equity investment groups, for the sale of the company‘s stock and assets. The terms of the agreement were not disclosed. VTG Holdings Inc., stock and all assets have transferred to the newly formed RHC Holding Corporation. The RapcoHorizon Company, www.rapcohorizon.com, is a market leader in audio, video and data cable manufacturing for the audio retail, A/V installation, Home Theater, and Datacom markets. RHC Holding Corp. provides interconnectivity products with revenues exceeding $65 million annually. more

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