Daily News
From Home Furnishing Business
Equity Firm Buys KidKraft
July 16,
2015 by in Acquisition, Industry, Product, Youth, Juvenile Furniture 
A New York-based private equity firm has acquired youth furniture supplier KidKraft.
MidOcean Partners had been looking for an acquisition in the infant and juvenile sector, according to Daniel Penn, managing director for the company.
“We believe KidKraft is a quality business and brand whose rapid global expansion can be accelerated," Penn said. “The company has a tremendous track record of growth across geographies, retailers, and channels with both existing and new products and a world-class supply chain. We see numerous opportunities for increasing KidKraft's global presence, including through acquisition, and look forward to working with this talented team."
KidKraft executives Steven Lampert, CEO, and Charmaine Lampert, president and chief creative officer, will remain with the company.
"We are excited for this new chapter in KidKraft's rich brand history,” Steven Lampert said. “We will greatly benefit from the combined resources of KidKraft and MidOcean and we look forward to expanding our business together."