Princeton, NJ – August, 2018 – Benjamin Ross Group, a mergers and acquisitions/business brokerage firm, www.BenjaminRossGroup.com, is pleased to announce the recent acquisition of our client, Townecraft Inc. of Bergen County, NJ to R2 Venture Solutions Inc., a New York corporation.
Since 1947, Townecraft Inc. has been a leading wholesale provider of high quality American made consumer durable goods, including cookware and related kitchen accessories, finely crafted cutlery, along with air and water purification systems to value-conscious consumers worldwide. Effective immediately, Townecraft Inc. will be renamed Townecraft Homewares LLC.
R2 Venture Solutions, a holding company, specializes in the acquisition and active management of a diverse multi-sector investment portfolio of companies. Effective immediately, R2 Venture Solutions’ corporate offices will relocate to Townecraft Homewares LLC’s Glen Rock, NJ global corporate headquarters. Ralph Ramirez will assume the role of CEO and President of Townecraft Homewares LLC and its affiliate Townecraft Finance & Credit Solutions LLC.
Benjamin Ross Group (www.BenjaminRossGroup.com) performed a valuation of the company, was engaged as a business broker to sell the business, and identified a qualified candidate to purchase the business. The Benjamin Ross Group works with business owners who want to sell their businesses and routinely sells 95% of the businesses they represent, whereas the national average is only 20%.
Ernest Barbaris, former owner of Townecraft Inc., said “We got a lucky break when we met Michael Meyer at the Benjamin Ross Group. I cannot possibly say enough about what he did for us. He knows his business. He never told us anything that was not true and never put any pressure on us to do anything we did not want to do. He sold our business for what we thought was a good deal for us.”
About Benjamin Ross Group: Benjamin Ross Group represents business owners who want to sell their businesses and leave their employees and customers in capable hands. We support our clients through the biggest business decision of their lives, so they can move on with confidence, peace of mind, and the most competitive price for their hard work. We sell 95% of the businesses we represent, compared to the national average of 20%. And we earn our clients’ trust because of our expertise, professionalism, and extensive network. For more information, go to: www.BenjaminRossGroup.com