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RC Law<\/strong>\u00a0advised\u00a0Spradling International Inc.<\/strong>, a leading supplier of vinyl products, in the acquisition of the business of\u00a0CMI Enterprises<\/strong>\u00a0through an asset transaction (including real estate assets), pursuant to a bidding process. Spradling, an Alabama-based company has four offices in the United States as well as in Germany, Spain, Ecuador, Colombia and Venezuela. CMI Enterprises has manufacturing facilities in Indiana and in North Carolina. CMI Enterprises was counseled by\u00a0Berger Singerman<\/strong>, Miami office.\u00a0<\/p>\r\n\r\n\r\n\r\n\r\n\r\n Client’s Press Release:<\/strong><\/p>\r\n\r\n\r\n\r\n Pelham AL \u2013 July 12, 2021 \u2013 Spradling International, Inc.\u00ae is pleased to announce the asset acquisition of CMI Enterprises.<\/p>\r\n\r\n\r\n\r\n This transaction presents increased opportunities for the business and its employees to leverage and enhance the company\u2019s portfolio providing an unparalleled array of products, services, and solutions including lamination, die-cutting, and high-frequency welding, The agreement also strengthens Spradling\u2019s operational foot print in the Midwest and the Southeast with a presence in Elkhart, Indiana and Forrest City, N.C. that will better serve a growing client base in those regions.<\/p>\r\n\r\n\r\n\r\n \u201cThe asset purchase of CMI fits perfectly into Spradling\u2019s long-term strategic goal of further developing our capabilities and strengthening our product innovation in ways that will benefit customers.\u201d says Chuck Streich, President of Spradling International, Inc. \u201cWe have been friendly competitors for years, and now we look forward to working together as a team\u201d.<\/p>\r\n\r\n\r\n\r\n Many CMI employees will now become part of the Spradling family, bringing an average of more than 15 years of experience in the industry, which will accelerate the combined company’s growth potential under the new business unit,\u00a0Spradling Resources<\/em>, focused on the commercial OEM sector.<\/p>\r\n\r\n\r\n\r\n Founded in 1964, Spradling International is a leading supplier of vinyl coated fabrics, servicing the automotive, marine, contract, and commercial seating markets. With corporate headquarters in Pelham, Alabama, Spradling supports an international community of customers from multiple worldwide office and warehouse facilities located in California, Michigan, New Jersey, Tennessee, Florida, Germany, Spain, Ecuador, and Venezuela. The company\u2019s distribution network also extends throughout Canada, Australia, and the Pacific Rim.<\/p>\r\n\r\n\r\n\r\n