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Rent-to-own News
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Rent-to-own News - ArchBrook Laguna merges with I. Lehrhoff & CompanyArchBrook Laguna, a key consumer electronics distributor announced today it will merge with I. Lehrhoff & Company, a privately-held small appliance and houseware distributor.
Under the agreement, I. Lehrhoff & Company will continue operating as a wholly-owned subsidiary of ArchBrook Laguna, under the leadership of the I. Lehrhoff executive team.
“Our merger with I. Lehrhoff is a natural evolution of our strategic alliance that now spans over five years,” said Peter Handy, Executive Vice President, ArchBrook Laguna. “The breadth and depth of our product line, coupled with the I. Lehrhoff portfolio, will allow us to grow vertically with products and customers that entirely complement one another.”
“This merger is a significant step to take our company to the next level of performance,” said Arthur Lehrhoff, chief executive officer, I. Lehrhoff & Company. “For over 90 years, my family has led this company and will continue to provide the necessary leadership for our growth under the ArchBrook Laguna banner.”
The firm will remain in New Jersey and leverage the national scope of the ArchBrook Laguna fulfillment and distribution systems. It will be renamed Lehrhoff ABL, LLC and remain under the stewardship of Arthur Lehrhoff and Daniel Lehrhoff who will continue as CEO and President, respectively.
About I. Lehrhoff & Co.:
I. Lehrhoff & Co, Inc., was founded in 1918 as an advertising specialty and incentive firm. Today, the company’s primary business is the distribution of small appliances, housewares, personal care products, shavers, clocks, seasonal products, floor care, electronics, and various other related products.
About ArchBrook Laguna:
ArchBrook Laguna is a total solutions provider supplying consumer electronics and computer products to the nation's most successful retailers. With more than twenty years of experience in the industry and an intimate understanding of customers’ business needs, ArchBrook Laguna’s expertise encompasses several facets of the business support beyond mere distribution. More information is available at
http://www.archbrooklaguna.com
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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here. | |||
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Click the links below to download each article as a PDF
Complete issue of RTOHQ: The Magazine | July-August 2010
David Lane, APRO's 2010 Employee of the Year by Murlin Evans David Lane, an Indiana-based Premier Rental-Purchase employee, is known for many selfless deeds that help his community and inspire his company.
by Murlin Evans Louise Brown has been a BestWay Rent-To-Own customer in Virginia for 20 years—and her passion for helping those in need runs deep. "I've always believed that if you take care of others, they'll take care of you."
by Kristen Card With a combined 153 years of service to the rent-to-own industry, the APRO staff makes hard work seem easy. Meet the modestly sized group of professionals—plus a real "fat cat"—who work on your behalf.
by Ed Winn III There is a growing movement to "nudge" consumers' behavior. Consider it a subtle attack on the flank of individual freedom that, if allowed to develop unchecked, could set its sights on rent-to-own. It if does, the results for rental dealers will not be pretty. A recap of the highlights at APRO's 2010 Rent-to-Own Convention and Trade Show, held July 19–22 in Louisville, Kentucky. In addition to learning, purchasing and socializing, rental dealers and vendors gathered to celebrate the association's 30th anniversary.
Cover illustration by Dave Cutler
See the current issue of RTOHQ: The Magazine... [PDF format] [HTML format]
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Association of Progressive Rental Organizations 1504 Robin Hood Trail Austin, Texas 78703 800/204-2776, ext. 103 Fax 512/794-0097 |