Date
Dec 2019
Region
Canada
We are pleased to announce the sale of our client, The Ring Lord, to Grant Philip, 905889 Ontario Limited, and Edica Properties, Inc. The acquisition closed December 31, 2019 and details were not disclosed.
The Ring Lord (TRL), located in Toronto, Canada and founded in 2000, manufactures and sells metal craft supply rings, stampings, tools, and other related products from its factory and warehouse in Scarborough, Ontario.
TRL offers over 7,000 products which include craft supply rings in over 20 metals, scalemail supplies, blanks and tags, laser etched products, project kits for scalemail and chainmail, jewelry supplies, tools, pendants and charms, and various gauged wire.
TRL is the only manufacturer of most of the products produced for its target market of crafters and artists in the chainmail community. However, due to the Company’s extensive manufacturing capabilities, TRL is able to provide custom work for a variety of industries across North America and internationally.
Its products have been featured in movies and sold to celebrities, interior designers, fashion designers, and many industrial clients such as SpaceX, Boeing and NASA to name a few.
The buyer is a newly established Ontario corporation owned by Eduardo Barron, Arthur Leal, and Grant Philp. Grant Philp was a 7.5% owner of The Ring Lord Corporation and will be part owner in the newly-formed corporation. He will continue in his role as COO in the new entity.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, supported by Managing Director-Western Region, Lori Galloway, successfully closed the deal. Executive Managing Director Bill Kushnir established the initial relationship with The Ring Lord.
You can discover other deals that we have supported in this industry by visiting our dedicated Manufacturing page.
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