FurnitureOrigins Acquires Shadow Mountain

July 6, 2010  by in UnCategorized   

By Home Furnishings Business in Acquisition on July 7, 2010

Fully integrated furniture importer FurnitureOrigins has completed the purchase of the assets of Shadow Mountain, a Statesville, N.C.-based full-line importer of high-style rustic home furnishings, from First Capital.

FurnitureOrigins has acquired the right to continue to trade under the Shadow Mountain name.

Former Shadow Mountain executives Chad M. Turney and Bob Eller will join the new company together with members of its Shadow Mountain sales force.

"Shadow Mountain is a great quality brand with strong customer recognition," said FurnitureOrigins CEO Seth Jutan in a release. "The new company will blend their niche designs and marketing expertise with FurnitureOrigins' financial strength and global manufacturing and distribution platform."

President & CEO Chad M. Turney said: "This transaction ensures the continuity of a brand that has debuted some of the leading designs in the rustic elegance category. The new company will be capitalized to ensure stable inventory levels, on-time deliveries and future growth. Our customers should see immediate benefits from this transaction especially in the interaction within the FurnitureOrigins brands and extensive portfolio."

"We'd like to thank all of our customers and sales staff for their support and patience
over the last year as we now look forward to a successful future together," said Vice President Bob Eller.

Shadow Mountain has showrooms in High Point and Las Vegas and has licensed product lines with Dick Idol and Woolrich.

In addition to a large plant in China, FurnitureOrigins has an extensive sourcing network. Last September, the company acquired full-line importer Zocalo.