M&A Deal Summary

La-Z-Boy Acquires Alexvale Furniture

On December 28, 1999, La-Z-Boy acquired furniture company Alexvale Furniture

Acquisition Highlights
  • This is La-Z-Boy’s 6th transaction in the Furniture sector.
  • This is La-Z-Boy’s 6th transaction in the United States.
  • This is La-Z-Boy’s 4th transaction in North Carolina.

M&A Deal Summary
Date 1999-12-28
Target Alexvale Furniture
Sector Furniture
Buyer(s) La-Z-Boy
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

La-Z-Boy

Monroe, Michigan, United States
Category Company
Founded 1927
Sector Furniture
Employees10,200
Revenue 2.0B USD (2024)
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 6 of 8
Sector (Furniture) 6 of 7
Type (Add-on Acquisition) 6 of 7
State (North Carolina) 4 of 4
Country (United States) 6 of 7
Year (1999) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-30 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.

Buy $299M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-30 Pilliod Furniture

High Point, North Carolina, United States

Pilliod Furniture, Inc. is a producer of promotionally priced bedroom and occasional furniture at its manufacturing facility in South Carolina.

Sell -
Mergr

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