Raskin Industries expands via To Market acquisition
New York—Raskin Industries earlier this year acquired the assets of To Market, a direct-to-design chain supplier, and will work in concert with company founder and industry icon Phil Wexler to continue developing unique, proprietary products that offer more profitability.
The acquisition of To Market, which specializes in LVT but also sells recycled rubber and cork, opens up a new channel for Raskin. “I’m all about design, color and innovative products,” said Michael Raskin, president. “That is also the hallmark of To Market. So the acquisition is synergistic in that it affords me the ability to build the Raskin brand as a leader in color and design through multiple markets and channels. This gives me another outlet for my creativity.”
Raskin will design products exclusively for To Market with Wexler, who in 1979 founded Bentley Mills, quickly becoming a style leader on the West Coast.
Raskin felt he needed to have a stronger presence in the A&D community. “I saw where the market was going; it was going to become much more competitive. The majors would only continue to get better at it because they have the resources to put more feet on the street. I felt I needed to have a hands-on approach to have the ability to compete.”
Raskin Industries already sells product into the commercial market through its distribution network, but he plans on differentiating To Market through branding. “Raskin is more like the hip brand you would see in Brooklyn, and To Market is the refined brand you might see on Madison Avenue.”
To Market will likely evolve into Raskin’s premium brand with higher price points. But make no mistake: Unique design will be at the cornerstone of both brands. “I want to bring excitement to this industry,” Raskin explained. “Think John Varvatos. I want to bring that to the flooring industry.”
Despite the two brands, Raskin sees minimal overlap in product, and only in areas where there is no distribution for the Raskin brand. “My job is to provide the ammunition and profitability—the proper marketing tools and designs—to my customers, whether they are distributors, distributor reps, commercial sales force or our exclusive sales agents on the To Market side to be successful.”
To Market will now be based at Raskin’s Deerfield Beach, Fla., headquarters but its Oklahoma City warehouse and offices will remain open. In addition, key personnel— including Wexler, who remains president, and Alex Lapree, vice president of sales—is staying on.
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