Washington D.C. (February 21, 2006)–DMX Music Inc. recently finalized the sale of its wholly-owned division RCI Custom Products to Cervant, Inc., a Washington, D.C. area company owned and operated by AV industry veteran Doug Macuch.
Macuch has been the business unit manager of RCI Custom Products since its beginning in 1992. Terms of the deal were not disclosed.
“As with the sale of our in-flight division, the sale of RCI allows us to focus on our core business,” said Paul Stone of DMX MUSIC. “The transaction is a win-win as we continue to focus on the core operation and, at the same time, continue working with RCI.”
Originally a division of the RCI Systems group in Rockville, MD, RCI Custom was purchased by DMX MUSIC May of 2000 as part of the RCI Systems Acquisition that year.
“It’s an exciting time for everyone at RCI Custom,” said Macuch. “Many of us have been here since the beginning, so returning to the small business model is really a full circle event.”
Referring to the acquisition process, Macuch added, “I’ve been very blessed in that we have managed to keep our entire team intact through this transition, and I look forward to growing this business with effort and enthusiasm over the next several months. The folks at the new DMX MUSIC really worked hard with us through the negotiation process to help position the business for success, and I’m grateful to them for that.”
RCI Custom Products has long been considered an A/V industry leader in the manufacture of premium quality custom wall plates, rack panels and accessories. A respected innovator in the custom A/V business, RCI introduced the industry’s first online panel design and pricing tool, Panel Builder, in April of 2002 in cooperation with Stardraw.com. RCI is also the OEM supplier of a multitude of products to companies both in and out of the AV industry.
RCI Custom Products can be found on the web at www.rcicustom.com.