Court filing cites key factors leading to the demise of Bestar, Bush Furniture
High levels of unsold inventory post-pandemic were a major factor, but so was a $4 million settlement related to a July 2018 Bestar wall bed …
Category: Mergers and acquisitions
Making sense of the Banner House, La-Z-Boy deal
HIGH POINT — When Banner House announced a week ago that it had agreed to acquire American Drew and Kincaid from La-Z-Boy, news coverage outside …
Norway-based workplace seating resource Flokk acquires Spec Furniture from Sauder
With the acquisition, close to half of Flokk’s $550 million in revenues will be generated in North America OSLO, Norway — Norway-based workplace seating manufacturer …
What does the future hold in store for Palliser?
Letter to dealers suggests a potential future partnership with key supplier MotoMotion Furniture Editor’s Note: In case you missed it, this story ran in our …
Breaking News: Banner House to acquire Kincaid, American Drew from La-Z-Boy
Brands will be positioned at the top of the company’s line that now includes Magnussen, SLF and Pulaski HIGH POINT — In a move aimed …
Elements International reaches agreement to sell Style Line Furniture to Jonathan Louis
Sale would include Verona, Mississippi, upholstery manufacturer’s assets including 350,000- square-foot plant and surrounding real estate VERONA, Miss. — Full-line resource Elements International Group LLC …
Why M&A activity is picking up in the furniture industry
After several relatively quiet years, merger and acquisition momentum in the home furnishings industry is clearly rebuilding. Over the past month alone, a series of …
SouthWorth Capital investment in AFM seeks to build on company strengths
Principals look to continue manufacturers’ legacy of building quality product while improving service MEMPHIS, Tenn. — SouthWorth Capital Management’s investment in American Furniture Manufacturing and …
New Classic acquisition will boost GigaCloud’s connection to brick-and-mortar retail
Company founder, chairman and CEO Larry Wu explains what the purchase will mean for the company and its customers EL MONTE, Calif. — E-commerce and …
Armen Living acquires Uwharrie Chair Company
HIGH POINT, N.C. — California-based full-line home furnishings company Armen Living has acquired North Carolina outdoor manufacturer Uwharrie Chair Company. Uwharrie Chair will operate as …
