Divestiture • Furniture

La-Z-Boy Acquires Furnico - La-Z-Boy Furniture Galleries Stores

On November 15, 2016, La-Z-Boy acquired furniture company Furnico - La-Z-Boy Furniture Galleries Stores from Furnico

Acquisition Context
  • This is La-Z-Boy’s 7th transaction in the Furniture sector.
  • This is La-Z-Boy’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date November 15, 2016
Target Furnico - La-Z-Boy Furniture Galleries Stores
Sector Furniture
Buyer(s) La-Z-Boy
Sellers(s) Furnico
Deal Type Divestiture

Target Company

Furnico - La-Z-Boy Furniture Galleries Stores

United Kingdom
Furnico Ltd. - La-Z-Boy Furniture Galleries Stores includes licensee in the United Kingdom and Ireland.
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Buyer Overview 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 Context for Buyer #
Overall 7 of 8
Sector: Furniture 7 of 7
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2016 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Joybird

Commerce, California, United States

Stitch Industries, Inc. is an e-commerce retailer and manufacturer of upholstered furniture. Stitch Industries was founded in 2013 and is based in Commerce, California.

Buy -

Seller Profile 1

SELLER

Furnico

United Kingdom

Category Company
Sector Furniture
DESCRIPTION

Furnico Ltd. is a manufacture of furniture products in UK.


Deal Context for Seller #
Overall 1 of 1
Sector: Furniture 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2016 1 of 1

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