TRANSACTION DETAILS  
     


Client: National Picture & Frame Company (Nasdaq:NPAF)
Transaction: Acquisition of Universal Cork, Inc.
Industry: Consumer - Household Products
Manufacturing - Consumer and Household Products
Service: Buy-Side Advisory
Owner: Publicly Traded
Details: National Picture & Frame Company (Nasdaq:NPAF), a portfolio holding of Code Hennessy & Simmons, L.L.C., acquired Universal Cork, Inc., a manufacturer of bulletin boards, dry erase boards, blackboards and other cork products to home improvement and hardware stores. National Picture & Frame Company was engaged in the design, manufacture, marketing and sale of various picture frames, framed mirrors, framed art, and other items for home decor through mass merchant retailers.

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