M&A Deal Summary

Masco Acquires Tvilum

On January 25, 2000, Masco acquired furniture company Tvilum from Axcel for 300M USD

Acquisition Highlights
  • This is Masco’s 1st transaction in the Furniture sector.
  • This is Masco’s largest (disclosed) transaction.
  • This is Masco’s 1st transaction in Denmark.
Investment Fate
  • Tvilum was divested to a consortium of buyers in 2013.

M&A Deal Summary
Date 2000-01-25
Target Tvilum
Sector Furniture
Buyer(s) Masco
Sellers(s) Axcel
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Tvilum

Faarvang, Denmark
Tvilum is a provider of practical and eco-friendly DIY assembly, and flat-pack furniture for every room of the house. Tvilum develops, manufactures, and sells a wide range of flat-pack furniture at competitive prices. Tvilum was founed in 1965 and is based in Faarvang, Denmark.

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Buyer(S) 1

Buyer

Masco

Livonia, Michigan, United States
Category Company
Founded 1929
Sector Building Materials
Employees18,000
Revenue 8.0B USD (2023)
DESCRIPTION
Entrance to Masco's corporate headquarters in Taylor, Michigan.
Entrance to Masco's corporate headquarters in Taylor, Michigan.

Masco manufactures, distributes and installs home improvement and building products. The Company is among the largest manufacturers in North America of a number of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and Masco is one of the largest installers of insulation for new home construction. The Company provides a broad product offering in a variety of styles and price points and distribute products through multiple channels, including directly to homebuilders and wholesale and retail channels. Masco was formed in 1929 and is based in Livonia, Michigan.

DEAL STATS #
Overall 8 of 17
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 8 of 17
Country (Denmark) 1 of 1
Year (2000) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Behr Holdings

Santa Ana, California, United States

Behr Holdings Corporation is a domestic manufacturer of exterior and interior paint, protective coatings, and stains sold to national and regional home centers and independent retailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-05 Masterchem Industries

Imperial, Missouri, United States

Masterchem Industries LLC a paint products company.

Buy -

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.

DEAL STATS #
Overall 2 of 46
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 13
Country (Denmark) 1 of 34
Year (2000) 2 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Monarflex s.r.o

Sturovo, Slovakia

Monarflex is Europe’s leading manufacturer of Polyethylene reinforced and non-reinforced sheeting and membranes, as well as related accessories, used in the building and construction industry. Other raw materials as well, are used in Monarflex products. The company was sold to Icopal in 2000.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Georg Jensen

Frederiksberg, Denmark

Georg Jensen is a luxury brand that designs, manufactures and distributes jewellery, watches, fine silverware and high-end homeware. Georg Jensen was founded in 1904 and is based in Frederiksberg, Denmark.

Buy -
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