SLF, Pulaski Merge to Form New Company

September 4, 2006  by in UnCategorized   

By Home Furnishings Business in Case Goods on September 2006 Pulaski Furniture and case goods importer SLF merged last week under a new holding company named Home Meridian International.

SLF President George Revington is president and chief executive officer for Home Meridian; and John Oakley, who was chief financial officer of Pulaski Furniture, will be the chief financial officer of the combined enterprise. Larry Webb will resign his position as president and chief executive officer of Pulaski after assisting the new company in its transition. The two companies will continue to operate as stand-alone entities and brands under their existing management, while leveraging the combined resources and strong executive teams to achieve their goals.

Through the merger, Home Meridian International will have both East and West coast distribution space totaling more than 1 million square feet, and inventory in Asia to support quick-ship direct-container and mixed-container programs. The combined companies have more than 90,000 square feet of showroom space in High Point, and 25,000 square feet in Las Vegas. The company carries a full assortment of products, including collections, promotional bedroom, promotional dining room, youth, juvenile, entertainment, accents and curios.

“As a result of the operational and financial success of each of these companies, there is tremendous potential to leverage best business practices to increase our sales growth and accelerate our operational efficiencies. The companies are complementary in their price points, categories, and customer bases; and our combined scale makes it possible to implement world class supply chain, quality and new product development systems,” Revington said. “The globalization of our industry has created many business opportunities, from which both companies have benefited. These trends will continue and accelerate, and Home Meridian International is perfectly positioned to build the best global business model to serve the furniture industry and to be a platform for future growth.”