AmerCare & JRMI Merger
Washington, D.C., May 2016 — HCI Equity Partners is pleased to announce the merger of JRMI and existing portfolio company AmerCare, completed on May 6, 2016.
Headquartered outside of Dallas, Texas, JRMI is a leading provider of disposable products including cutlery, straws, gloves, point of sale products, napkins and other paper disposables for the foodservice and retail industries. JRMI's product line includes over 1,200 CHOICE branded products and private label and custom printed products. The company sources its products from a network of manufacturing partners across Asia, Mexico and the U.S. and maintains strong customer relationships serving over 5,000 restaurants and over 500 distribution partners across North America.
AmerCare, an existing HCI IV portfolio company based in Charleston, South Carolina, is a leading supplier of high quality disposable gloves and other ancillary products. Sold through distributors, AmerCare's glove products are used in the medical, janitorial and food service end markets, as well as a variety of other industries.
The combined strengths of AmerCare and JRMI will allow them to offer a more complete product line and greater efficiencies operating in three locations to service customers nationwide. This transaction is the first in a consolidation strategy within the disposable product supply chain serving the foodservice, jan/san and medical end markets. HCI Managing Partner Doug McCormick said, "We are pleased to support two exceptional management teams through this transaction and believe the consolidation will create value for all constituents".