From Home Furnishing Business
MBO at Bush Inds.
A group of senior executives at Bush Inds. has acquired 100 percent of case goods and ready-to-assemble furniture company. Terms were not disclosed.
The management group includes Jim Garde, Bush's CEO; Neil Frederick, chief financial officer; Mike Evans, executive vice president of business development; and Steve Phelan, executive vice president of sales.
"We are extremely excited about the opportunities we have to grow our business" said Garde. "Our ownership structure and financing arrangements provide a solid platform for growth. That, combined with quality products, a best in class distribution system, and a great team will create a venture that rewards all involved".
The company operates two North American divisions--BBF and Bush Furniture--along with its China operations.
The company is headquartered in Jamestown, N.Y., with manufacturing and distribution facilities located in Western New York, Pennsylvania, Nevada and China.