M&A Deal Summary

La-Z-Boy Acquires Ladd Furniture

On September 30, 1999, La-Z-Boy acquired furniture company Ladd Furniture for 299M USD

Acquisition Highlights
  • This is La-Z-Boy’s 5th transaction in the Furniture sector.
  • This is La-Z-Boy’s largest (disclosed) transaction.
  • This is La-Z-Boy’s 5th transaction in the United States.
  • This is La-Z-Boy’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 1999-09-30
Target Ladd Furniture
Sector Furniture
Buyer(s) La-Z-Boy
Deal Type Add-on Acquisition
Deal Value 299M USD
Advisor(s) Mann, Armistead & Epperson, Ltd. (Financial)

Target

Ladd Furniture

Greensboro, North Carolina, United States
Ladd Furniture, Inc. is a residential furniture maker and one of the world's leading suppliers to hotel and motel, assisted-living and government markets.

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Buyer(S) 1

Buyer

La-Z-Boy

Monroe, Michigan, United States

website

Category Company
Founded 1927
Sector Furniture
Employees12,800
Revenue 2.4B USD (2022)
DESCRIPTION

La-Z-Boy is a residential furniture producers, marketing furniture for every room of the home. The La-Z-Boy Upholstery segment companies are England and La-Z-Boy. The Casegoods segment consists of three brands: American Drew, Hammary, and Kincaid. The company-owned Retail segment includes 102 of the 317 La-Z-Boy Furniture Galleries store. La-Z-Boy was founded in 1927 and is based in Monroe, Michigan.

DEAL STATS #
Overall 5 of 8
Sector (Furniture) 5 of 7
Type (Add-on Acquisition) 5 of 7
State (North Carolina) 3 of 4
Country (United States) 5 of 7
Year (1999) 3 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-01 Bauhaus USA

Saltillo, Mississippi, United States

Bauhaus USA, Inc. is a designer, manufacturer and marketer of transitional upholstered furniture and convertible sofas in the medium priced segment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-28 Alexvale Furniture

Taylorsville, North Carolina, United States

Alexvale Furniture, Inc. is a style and fashion, targeting medium price points with department stores and home furnishings retailers. The company markets upholstered furnishings under the Alexvale and Hickory-Fry brand names.

Buy -
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