July 18, 2005: Interline Brands Acquires Copperfield
JACKSONVILLE, Fla. - Interline Brands Inc., a national distributor and direct marketer of maintenance, repair, and operations (MRO) products, announced that it has acquired Copperfield (CCS Enterprises Inc.), a national distributor and direct marketer of specialty ventilation and chimney maintenance products. Headquartered in Fairfield, Iowa, Copperfield's annual sales for its fiscal year ending November 2004 were $41 million.
Interline funded the $70 million transaction with borrowings under its existing senior credit facility, including a new $50 million term loan. The company expects the acquisition to be accretive to earnings in 2005.