M&A Deal Summary

Hooker Furniture Acquires Home Meridian International

On January 6, 2016, Hooker Furniture acquired furniture company Home Meridian International for 100M USD

Acquisition Highlights
  • This is Hooker Furniture’s 1st transaction in the Furniture sector.
  • This is Hooker Furniture’s largest (disclosed) transaction.
  • This is Hooker Furniture’s 1st transaction in the United States.
  • This is Hooker Furniture’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-01-06
Target Home Meridian International
Sector Furniture
Buyer(s) Hooker Furniture
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

Home Meridian International

High Point, North Carolina, United States
Home Meridian International, Inc. is a provider of design and marketing of furniture products.

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Buyer(S) 1

Buyer

Hooker Furniture

Martinsville, Virginia, United States

Category Company
Founded 1924
Sector Furniture
Employees1,148
Revenue 433M USD (2024)
DESCRIPTION

Hooker Furniture is a provider of residential wood, metal and upholstered furniture. Major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture primarily in the upper-medium price points sold under the Hooker Furniture brand. Hooker Furniture was founded in 1924 and is based in Martinsville, Virginia.


DEAL STATS #
Overall 1 of 2
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Shenandoah Furniture

Purcellville, Virginia, United States

Shenandoah Furniture is a lifestyle specialty retail distribution channel, which offers furnishings and décor in the upper-medium price points, both in brick and mortar stores and online.

Buy $40M