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Riverside Co buys fabric maker Thibaut Inc

24 Jan '06

2 min read

Oldest continually operating wallpaper company in the US, Thibaut Inc was acquired by its management and The Riverside Company, the largest private equity firm focused on investing in companies at the smaller end of the middle market.

The company was purchased for an undisclosed amount from RPM International Inc, Thibaut's parent since 1976.

These changes at Thibaut position the wallpaper and fabric design firm for expanded growth under its present management team, headed by Bob Senior as its new CEO.

Prior to becoming CEO, Mr. Senior was President of the Zinsser division of RPM, which also included Thibaut, where he played a major role in the restructuring of the company.

He and the existing Thibaut management team are partners with Riverside in the company.

"Thibaut has a proven track record as a leader in the wallpaper and fabric design industry," commented Loren Schlachet, Riverside Partner.

"Riverside invests in unique and niche companies that possess strong management teams and offer potential for significant growth, and Thibaut fits their investment strategy.

With the strong trend toward home buying and decorating, they are confident that Thibaut is a sound investment with a promising future."

According to Mr. Senior, "Over the past 10 years, Thibaut has been outperforming the design industry, experiencing dramatic and consistent growth.

With the infusion of capital and management expertise, Thibaut is poised for expanded growth.

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