Creative Cabinets Successfully Sold as ‘Going Concern’

Chikol is pleased to announce that it served as Court Appointed Receiver in the sale of substantially all assets of Creative Cabinet Systems, Inc. to idX Corporation, St. Louis, MO.
Founded in 1968,Dayton,OH based Creative Cabinet Systems is a leading manufacturer of custom store fixtures and woodworking projects for national retailers. Products and services include fixtures composed of hardwood, veneer, laminate, metal and glass and a full suite of engineering capabilities including prototyping and national rollout programs. At time of the offering, the gross Revenue run ranged between $22MM to $25MM.
Western Reserve Capital Partners of Cleveland, Ohio served as financial advisor in the transaction on behalf of the Receiver

In order to prepare the Company for sale, Chikol undertook the following Action items:
• Consolidate all five storage and production facilities into one central location.
• Assembly areas were reengineered and layouts tightened to facilitate a continuous flow process. This newly freed space received the consolidated machinery and workforces, resulting in a reduced labor cost and shortening of the WIP cycle.
Just in time procurement was introduced to reduce the required working capital strain.
• New production scheduling installed along with real time labor tracking of consumed hours vs. standard.
Incorporated in 1999 and headquartered in St. Louis, Missouri, idX Corporation manufactures wood, metal, glass, laminate, veneer and acrylic store display fixtures. Products provided include kiosks, loose fixtures, retail counters, retail display fixtures and signage for the banking, financial, hospitality and point of purchase industries. idX operates through thirteen locations globally and a portfolio company of Acon Investments.