SOURCE: Riverwood Solutions

Riverwood Solutions

February 16, 2011 08:00 ET

Riverwood Solutions Posts Record Financial Results; Company Secures Significant New Investment to Fund Accelerated Growth

MENLO PARK, CA--(Marketwire - February 16, 2011) - Riverwood Solutions, a leading operations consulting and managed services provider, today announces the company achieved record financial results for the fourth quarter ending December 31, 2010. Highlights of the financial results include:

  • Record revenues, record net profit, and record profit margins for the fourth quarter and for the full year 2010.

  • Generated services revenue across 25 different customer projects in the fourth quarter.

  • Provided consulting and/or managed supply chain services in 13 countries on 5 continents in the fourth quarter.

The company also announces that it has secured new equity investment from several private investors to help fund infrastructure developments to support accelerated growth as part of its Performance 2012 initiative. Riverwood sold an approximately 4.5% stake in the company to qualified investors at a valuation of approximately 15 times 2010 earnings.

Commenting on the company's financial performance and new investment, Riverwood Solutions CEO Ron Keith said, "We are very pleased with the company's performance despite the very challenging macroeconomic environment. The continued adoption of our service offering by OEMs of all sizes is extremely encouraging and is a validation of the value that Riverwood Solutions provides to our clients."

About Riverwood Solutions
Riverwood Solutions helps OEMs improve supply chain performance, optimize their operations and maximize the value of their supply relationships. The company provides consulting and managed operations services to technology product companies on a global basis. Riverwood's team of former electronics manufacturing industry executives and professionals has decades of international experience in negotiating contracts and pricing, launching products, running operations, and managing outsourced supply chains. The company's proprietary HOST(SM) (Hybrid Outsourced Services Team) Model uses local resources near the supply base to improve supply chain performance without adding fixed costs or internal infrastructure. Headquartered in Menlo Park, CA, Riverwood Solutions designs, implements and manages global supply chains from offices in the USA, Mexico, Switzerland and China.

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