SOURCE: Riverwood Solutions

Riverwood Solutions

August 25, 2010 08:00 ET

Riverwood Solutions Announces New Investment on the Back of Record Revenues & Record Profitability

MENLO PARK, CA--(Marketwire - August 25, 2010) -  Riverwood Solutions, the innovator in managed supply chain services and operations consulting, today announced that the company has received an additional round of investment from private investors including John Nichols, founder and former executive of 1-800-Contacts (formerly (NASDAQ: CTAC)). Additionally Riverwood Solutions announced its 5th consecutive quarter of record revenue and record profitability. 

"Having started a business from scratch that involved a high degree of supply chain complexity, I was intrigued when I learned about Riverwood Solutions model and their ability to provide both advisory services and execution support in the electronics supply chain," said private investor and entrepreneur John Nichols. "The fact that the company has put together an impressive string of record quarters in an extremely weak global economy indicates that customers are clearly embracing the company's offering."

John Nichols founded 1-800-Contacts in 1995 and was instrumental in growing the company to $250M in sales before selling the company in 2007 to an investment group led by Fenway Partners. 

"We are extremely pleased to welcome Mr. Nichols as Riverwood's newest shareholder and are both gratified and encouraged by his recognition of the value of our service offerings to electronics OEMs," commented Ron Keith, CEO of Riverwood Solutions. "I look forward to John's council and guidance in the coming years as we continue to grow Riverwood Solutions global presence and strong customer base."

About Riverwood Solutions

Riverwood Solutions (www.rwsops.com) is an operations consulting and managed services provider that helps OEMs design, implement and manage cost-effective, highly responsive supply chains. Riverwood's team of OEM and EMS (electronic manufacturing services) industry veterans has negotiated billions in global supply agreements and launched nearly 200 products in 20 countries for numerous brand owning enterprises. The company's HOST℠ (Hybrid Outsourced Services Team) model provides clients at any stage of supply chain maturity with skilled project management in the world's innovation centers and in-country operations and supply chain expertise in the world's leading manufacturing centers. Riverwood's unparalleled experience, proven processes and unique model allow OEMs to implement and manage more responsive supply chains at a lower total cost with a long-term partner whose financial goals are aligned with their own.

Headquartered in Menlo Park, Calif., Riverwood (www.rwsops.com) has offices in Dallas Texas, Guadalajara, Mexico, Stockholm, Sweden, and Shenzhen, China.

Contact Information

  • Press Contact:

    Bill Booth
    Riverwood Solutions
    (408) 667-7043
    Email Contact