FOR IMMEDIATE RELEASE
Moving iMage Technologies to Acquire Caddy Products
Join us at ShowEast 2018, Lowes Miami Beach Hotel
Fountain Valley, California – October 16, 2018
Moving iMage Technologies (MIT) has signed an agreement to acquire the assets of Caddy Products Inc. (Caddy). Caddy Products® are utilized in over 270,000 facilities throughout more than 91 countries worldwide. Their markets include cinema, sports, grocery, performing arts, worship and retail industries. Products include patented cup holders, trays and advertising displays. Jim Winebarger, Director, Caddy Products, said, “I’m excited to be part of the MIT family and look forward to expanding and growing the Caddy Products offerings.”
Caddy was originally started in 1989 by Phil Rafnson, Chairman of MIT, as a division of MTS (Media Technology Source). MTS was sold in 1999, and in 2002 Caddy was spun off in a sale to Phil Rafnson, who brought in Peter Bergin as a partner. Phil later sold control and eventually all of his interest to Peter in 2014. MIT is acquiring Caddy Products from Peter’s estate, following his tragic death early this year. Phil commented “Peter did a great job building Caddy into a substantial business, and we plan to continue his policies of top-quality products and excellent customer service, while growing Caddy into a powerhouse in its markets.”
Come visit Caddy and MIT, booth number 411 at ShowEast 2018. Stop by and see how Caddy’s offerings will help your business!
Moving Image Technologies (MiT) is a manufacturer and integrator of purpose built technology and equipment to support a wide variety of entertainment applications with a focus on motion picture exhibition. MiT offers a wide range of products and services such as custom engineering, systems design, integration and installation, enterprise software solution, digital cinema, A/V integration as well as customized solutions for emerging entertainment technology. MIT’s Rydt Entertainment Systems Division provides turnkey FFE solutions for new construction and remodels to include procurement, design, consulting, installation and project management. Based in Fountain Valley California, our 28,000 sq ft facility is home to our corporate offices, engineering, manufacturing, distribution, integration as well as service and support divisions. Our primary manufacturing and warehouse location is augmented by a global network of service partners & OEM manufacturers.
Jerry Van de Rydt, Joe Delgado or Tom Lipiec
Moving iMage Technologies
17760 Newhope Street Suite B
Jim Winebarger, Caddy Products