Michigan-based Art Van Furniture said it has reached an agreement to sell the company to Thomas H. Lee Partners, one of the world’s oldest and most experienced private equity firms.
Ira Glazer, former CEO of Heritage Home Group, has acquired Edward Ferrell + Lewis Mittman, a producer of high-end, hand-crafted furniture targeted to interior designers, according to a report in Editor At Large, an online newsletter for the residential interior design industry.
High-end furniture producer Theodore Alexander has been acquired by Creative Home Furniture Co., Ltd., an Asian investment fund.
An affiliate of Littlejohn & Co., a private equity firm based in Greenwich, Conn., has agreed to acquire upper-end casual furniture manufacturer Brown Jordan.
Buoyed by its recent acquisition of case goods and upholstery resource Home Meridian, Hooker Furniture (NASDAQ:HOFT) said sales more than doubled in the quarter ended Oct. 30, while net income jumped nearly 40% to $6.46 million or 56 cents per share.
La-Z-Boy (LZB) announced it has agreed to acquire the license for the La-Z-Boy brand in the United Kingdom and Ireland, and also said it has completed the purchase of nine La-Z-Boy Furniture Galleries retail stores from an independent dealer in northeastern Pennsylvania.
Interactive Health Inc., parent company of ergonomic seating resource Human Touch, has acquired Relax The Back, a chain of about 100 retail stores that specialize in back and neck care products.