Rhino Assembly Acquires the CH Reed Tool and Assembly Division, Expands Product Portfolio into the North East, US

August 28th, 2018

Concord, NC – August 28, 2018 – Rhino Assembly, a full solution provider of industrial tooling and equipment with a focus on innovative assembly solutions, has announced the acquisition of the C.H. Reed Tool and Assembly Division, part of an industrial distributorship that was established in 1948.

“I’m proud of what our team has accomplished and look forward to working with the world-class manufacturers in this new region. Our pledge is to help increase productivity, improve quality and maintain a safe environment for the entire workforce. We can’t wait to get started.” – Dan Brooks, CEO Rhino Assembly Company

Rhino Assembly is pleased to announce that we are expanding our reach through the acquisition of the C.H. Reed Assembly Tool Division of Hanover, PA. As of today, we have entered into a definitive agreement, which will add the states of Pennsylvania, New Jersey, New York, Delaware and Maryland to our existing domestic footprint.

While most transactions of this type are completed at closing, both companies are committed as partners and will work closely together on opportunities to develop and grow every aspect of our businesses; all while taking care of the customer.

We started 18 years ago with the idea that by searching globally for the most advanced assembly solutions and keeping a strong team of technically trained specialists, we could provide the increased support that today’s manufacturing customers require.

Going forward our mission remains the same and our desire to be a value-add, customer-focused solutions provider while also building a great team and culture will continue to flourish into this new region. We are excited to share the products and technologies that extend beyond assembly tools and include material handling, worker guidance, process control and many other new technologies that the industry 4.0 revolution is bringing to manufacturers.

We are enthusiastic to embark on this new chapter of accelerated growth and look forward to strengthening existing relationships while continuing to build many more!

About Rhino Assembly Company, LLC

Headquartered in Concord, NC, Rhino is a value-added distributor of high-performance assembly tools and material handling equipment used in heavy manufacturing. The Company’s assembly tool products include tightening devices, torque measurement tools, power tools and calibration equipment. Its material handling products include ergonomic arms, lift tables and cranes. Rhino’s mission is to identify and deliver the most innovative assembly solutions to its customers, focusing on improving quality, safety, ergonomics and productivity. For more information about Rhino, please visit www.rhinoassembly.com.

About Wincove Private Holdings, LP

Wincove Private Holdings is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and NY, Wincove has a permanent capital base, and can therefore stay invested in its partner companies for an unlimited time horizon. For more information about Wincove, please visit www.wincove.com.