RPI, a Seattle-based provider of automated manufacturing and fulfillment solutions for the consumer make-on-demand printed products market, has raised an undisclosed amount of mezzanine funding from Huntington Capital.
Huntington Capital Fund II, LP (“Huntington”), a San Diego based private equity mezzanine fund focused on the lower-middle market,is pleased to announce its investment in RPI, a Seattle, WA based company. RPI will use the additional funds to introduce new services and technologies, such as a managed merchandise program targeting the placement of new products, and to provide access to technology platforms that will provide new opportunities for brand owners in the personal creative expression market.
RPI is a leader in automated manufacturing and fulfillment for the consumer make-on-demand printed products market. The company which is celebrating its 30th anniversary, has produced millions of personalized products including photo books, invitations, business cards and stationery for top-tier retailers that represent over 40 percent of the total photo products market. HP recently recognized RPI as one of the top 10 producers of Indigo impressions in the U.S., and as one of the top 20 worldwide.
As RPI’s investment partner, Huntington Capital’s Tim Bubnack will join RPI’s board as a director and Barry Wilson, the co-founder of Huntington, will join the RPI board as an observer.
“Through accelerated investment in growth initiatives and operational efficiencies, RPI is positioned to become the market leader in creating, designing and manufacturing personalized products to retailers and other brand owners”, said Tim Bubnack, partner with Huntington Capital.
“Huntington’s approach to growth capital is truly unique, proving to be a partner at every step in the process. We’re very pleased to have the expertise of the Huntington team as we execute on our next phase of business initiatives,” commented Rick Bellamy, CEO of RPI. “Their insight will be invaluable as we expand our market opportunities through innovative product design and technology services.”
In the coming months, RPI will introduce new products and services targeting placement of personal creative expression products with existing brand owners. The company also plans to expand its patent pending technology to enable a geographically diverse manufacturing platform that will increase flexibility in exceeding brand owner’s expectations for quality and on-time delivery.
RPI is the leader in automated, mass-customized manufacturing and fulfillment for the consumer make-on-demand printed products market. The company’s broad range of blue chip retail and online publishing customers rely on its consistent, reliable execution, creative design services and best of breed manufacturing for the rapid delivery of innovative products utilizing consumer-generated content. The privately held company is headquartered just outside of Seattle, WA. For more information on how RPI is helping fuel the rapid growth of personalized products, please visit www.rpiprint.com.
Based in San Diego, CA Huntington Capital was established as a leading growth capital provider to lower middle market companies throughout California and the Southwestern United States via a combination of mezzanine and equity investments. Huntington is currently investing out of its second fund, Huntington Capital Fund II. Huntington’s management team is led by Partners Morgan Miller, Barry Wilson and Tim Bubnack. For more information please visit our website at www.huntingtoncapital.com.