From Home Furnishing Business
Brown Jordan Acquires Tropitone
The combined company has net sales of about $400 million and will be headquartered in St. Augustine, Fla., with manufacturing, design, and administrative operations in six states and Juarez, Mexico.
“We have long admired Tropitone’s capabilities in the hospitality and specialty retail sectors and are excited for the opportunity to leverage the strengths of our complementary customer relationships, product lines, and production and sourcing capabilities,” said Gene Moriarty, Brown Jordan’s president and CEO.
The transaction marks a year of celebration for both companies, as Brown Jordan’s flagship brand prepares for its 70th anniversary and Tropitone enjoys 60 years in business.
The combination of Tropitone and Brown Jordan brings together the two industry leaders with strengths that are entirely complementary to one another," said Cap Hendrix, CEO of Tropitone. "Under Gene Moriarty, the combination creates the foundation of a brilliant future for both companies.”
Prior to the transaction, Tropitone was owned by a group of investors led by Pfingsten Partners.