IDIS Acquires Costar Analyzed
One, IDIS, is a Korean company that has struggled to expand branded sales inside the USA. The other, Costar, is a US company, that acquired Arecont Vision in 2018, but has struggled to expand sales in the USA.
***,*** *** *** ********* (****** ************).
**** ******** **** ************** ********** ***** ***, ** ***** **** to **** ************* *****-******* *********** *** above-average *******.
** *** **, **** ** *** very **** ***** *** *** * very ******* ******** ******* ** ******, ********* ***** *** **** ********** **** *** **** ***** **** year.
**** ** * *********** ****** ** 2 ********* **** *********** **********. ** the ******** *******, ** ******* **** companies' ********** *** *** *********** ****** of *** ******** ************.
Financials ********
****** *** **** ********** *** **** years ** **** *******, ***** ****' revenue *** ******** ******.
****** **** ******* ** *** **** 2010s, ********* **** *** ******* ***********, as **** ***** **** ***** **** deck *****:
*******, **** *** **** *** *****, its ******* *** **** **** ** down, ** *** ~$** ******* ****** range, ****** **** **** ************ (********* ******* ** ******** **** data ***** ** * *** ******):
****** ******** **:
- ******* ******, ***** ************ ** ****. *******'* ******* **** **** $** million ** **** ** $** ******* in **** *** *** ********* ** decline *****, ****** *** ****** *** in ****** **********.
- ****** *****, * ******-******* ***** ************ ********
- ******, ** ********** ***** ************ **************** ******** ** ****
- ******** ********, ******* ******-******* ************ ************** ******** ** ****.
****** *** ******* ****** **** **** the **** *** *****, ****** ********** in **** ***, *** *******, ** the**** ****** ********* ******* ********* *** Q3 ****, ********** $* ******* **** **********.
****, ** *** ***** ****, *** grown *** ******* ************* **** *** last *** *****, **** ~$*** ******* revenue ** **** (**** ****** **** available) ****** ****** **** *** ~$** million ** ****, **** *** ******* growing ** **%+:
**** ******** *** **** ********* ****** by *** ******** ****** ***** (***** it *** * *********** ****** *****) and ** ****** / ****** ** Western *********, ********* ******.
Import ******* / *********
** *** **** ** ******, **** has ******** **** ***,*** ****** ** products ** ******, *** ** ****** records, ******* ********* *****:
** ********, **** ******** *** **** ~16,000 ***** ****** ******** **** **** Korea, ***** * ***** ****** ******** to ****** ********* *** ** ******** norms (****** ************ ****** ******** ** pounds):
**** ** *** **** ** **** shipments ** *** *** **** *********** ********** *****, * ***/******* ********, ** *** excerpt ***** *****:
Deal ***** ********
*** **** ** *** ********* ** Costar, ****** ********** *** *** *********' relative ***********.
**** ** ******* ****** *** ******** at **** $** ******* (*********** $** million ***** **** *** ** **** "$**.* ********* ****** ******'* **** ****").
*****, **** ** ****** **** * tiny ****** **** **** *** ******* market *****, ****** "* *% ** 12% ******* ** ******'* ******* ***** on***** **, ****." **** ** ******** ***** ******* companies **** ** ** ******* **** 25% ** **%, ***. ******** ** motivate ************ ** ****. *******, ***** current ****** ********** *** ******'* **********, this ** ********.
Costar ***** *** ********** *****
**** ** ******* **** *** ****** brand *** ********** ****:
**** **** ******** ***** *** ****** name, **** ****** ******** * ****** owned ********** ** ****. *** ******* Costar ********** **** *** ********* *** expected ** **** **** ********* *** closing ** *** ***********.***** *********** ******** ** *** **** ** CEO.
Competitive **********
*** **** **** *** ****, ** it ***** ********** ***-*** ************* *********, ** **** the ***** **** **** *** *************, is * ****, ** ***** *** now. ** **** ***, **** ********* Costar's ******** *** **** $** ******* is * ********** ******.
*** ******* ** **** ****** **** not ***** ****'* **** *********** ******* - ******* ************ *** **** ******* of ******** * ****** ******* ******** and **** *** **** ****** ** vain *** ****, **** *****. **** of *** ******* ** **** ****** has **** **** *********** *** ***** and ** * ****-** ** ****** failed (*.*., ******* ******) ** **** brands, ***** ****** ***** ****** ** negative *****.
*** ******* **** ** **** **** is ****** ********* ** ****** ** invest ** ********* ** ***** ***-***** management **** ***** ** ******* *** able ** ******* **** **** ***** wants - * ****** **** ******* business.
***********, **** *** ** *** **** possible *********** *** **** ** ** this, **** *** ***** ******* ******* down, ** ****** **** ***** **** Dahua *** *********, **** ******* ****' larger ******** **********, ******.
**** ****** ******** *********** ************, ******'* ** ************** **** **** that *** **** ** *** ******** yet *** ** ******** ** ***** in *********, "*** ***** ** **."