M&A Deal Summary

Knoll Acquires Richard Schultz Design

On February 7, 2012, Knoll acquired furniture company Richard Schultz Design

Acquisition Highlights
  • This is Knoll’s 1st transaction in the Furniture sector.
  • This is Knoll’s 2nd transaction in the United States.
  • This is Knoll’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2012-02-07
Target Richard Schultz Design
Sector Furniture
Buyer(s) Knoll
Deal Type Add-on Acquisition

Target

Richard Schultz Design

Palm, Pennsylvania, United States
website
Richard Schultz Design, Inc. is a designer and manufacturer of outdoor furniture for the residential, hospitality and contract office furniture markets.

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Buyer(S) 1

Buyer

Knoll

East Greenville, Pennsylvania, United States

website

Category Company
Founded 1983
Sector Furniture
Employees3,541
Revenue 1.2B USD (2020)
DESCRIPTION

Knoll is a constellation of design-driven brands and people, working together with its clients to create inspired modern interiors, supporting clients wherever they work or live. The company's internationally recognized portfolio includes furniture, textiles, lighting, accessories, and architectural and acoustical elements. Knoll was founded in 1983 and is based in East Greenville, Pennsylvania.

DEAL STATS #
Overall 2 of 6
Sector (Furniture) 1 of 3
Type (Add-on Acquisition) 2 of 6
State (Pennsylvania) 1 of 1
Country (United States) 2 of 5
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 FilzFelt

Boston, Massachusetts, United States

FilzFelt distributes German-milled 100% wool design felt in 58 colors and five thicknesses and offers a wide range of felt products and full custom capabilities. A biodegradable and renewable material, wool felt is naturally moisture resistant, self-extinguishing, non-directional, available in lightfast and water resistant colors, and provides thermal and acoustic insulation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Holly Hunt Enterprises

Chicago, Illinois, United States

Holly Hunt Enterprises, Inc. designs, produces and showcases custom made products including indoor and outdoor furniture, lighting, rugs, textiles and leathers.

Buy $94M
Mergr

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