America's Remanufacturing Company Announces Investment and Board Expansion
New Minority Investors Partner with Current Shareholders and Management
AUGUSTA, Ga., May 27, 2021 (Newswire.com) - America's Remanufacturing Company, a returns management and remanufacturing solutions company servicing OEMs, distributors and retailers, announces that Sherwood R. Belangia and Barry S. Slaymaker, Jr. have partnered to acquire 47.5% of America's Remanufacturing Company (ARC). Belangia is the CEO of ATC Development and managing partner of Belangia Investment Management LLC. Slaymaker is the Vice President of Finance for ATC Development. Immediately following the investment, Belangia and Slaymaker will join the ARC board of directors.
Mark Branum, America's Remanufacturing Company Founding Partner, comments on the investment. "We're very pleased to welcome Woody and Barry to the ARC family. This investment validates the vision I had in 2002 to create a value-driven company to support reverse logistics and consumer returns. We now have the final pieces in place to create ARC's vision for returns management in North America."
"I was impressed by the ARC culture and drawn to the leadership team in place, knowing that Barry and I could positively impact the desired growth of the company," stated Sherwood "Woody" Belangia, Chairman of the Board. "OEMs and retailers have seen tremendous changes to their forward and reverse supply chains over the past 15 months. These unplanned changes create opportunities for established firms like ARC to lower the overall cost to serve returns and provide a deeper understanding of the state of returned goods. I believe that ARC has the expertise, infrastructure and desire necessary to be the preeminent returns management partner in North America."
"This was the right time for ARC to bring in outside investors," stated David Hogan, ARC CEO. "ARC was catapulted forward by the economic and supply chain changes of 2020 and we expect to leverage our incredible growth of the past 15 months into 2022 and beyond. ARC's focus on data-driven, value-add services supports the stated desires of OEMs and retailers alike — everyone wants to understand their returns better and ARC provides access to key data and services."
About America's Remanufacturing Company
America's Remanufacturing Company (ARC) is a returns management and remanufacturing solutions company that helps OEMs, distributors, and retailers reduce costs, protect brands, improve customer experience, and gain access to key data from returned products. Our solutions are guided by a simple principle: help companies redefine remanufacturing to improve their operations. ARC serves customers in key consumer product categories, including Small Appliance, Small Electric, Home Comfort, Floorcare, Powered Hand Tools, and Outdoor Power Equipment. America's Remanufacturing Company is uniquely positioned as the only vertically integrated solutions company in North America to offer remanufacturing, technical services, recycling and resale services. ARC is a member of the Remanufacturing Industries Council and supports ANSI standard RIC001.1-2016: Specifications for the Process of Remanufacturing.
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Source: America's Remanufacturing Company