From Home Furnishing Business
IMC and AmericasMart Announce Merger
Financial terms of the transaction were not disclosed.
The combined corporate entity will operate under the name International Market Centers and will own and operate nearly 20 million square feet of permanent showroom space in Las Vegas; High Point, N.C.; and Atlanta, creating the world’s largest permanent mart operator for furniture, home decor, rug, gifts, and apparel.
The individual Markets and their respective venues will continue to operate under existing names and branding.
Robert Maricich, the current chief executive officer of IMC, will become CEO of the combined entity.
“IMC has always had immense respect for AmericasMart and its founders, the Portman family, who established a tremendous reputation in the industry,” he said. “We look forward to bringing together our two companies to provide exhibitors with exceptional access to global Markets, and buyers with even more convenient opportunities to explore top products across sectors.”
The transaction is expected to close in third quarter of 2018.