M&A Deal Summary

Michels South Carolina Acquires Pilliod Furniture

On November 30, 2001, Michels South Carolina acquired furniture company Pilliod Furniture from La-Z-Boy

Acquisition Highlights
  • This is Michels South Carolina’s 1st transaction in the Furniture sector.
  • This is Michels South Carolina’s 1st transaction in the United States.
  • This is Michels South Carolina’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2001-11-30
Target Pilliod Furniture
Sector Furniture
Buyer(s) Michels South Carolina
Sellers(s) La-Z-Boy
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Michels South Carolina

Greensboro, North Carolina, United States
Category Company
Sector Furniture
DESCRIPTION

Michels South Carolina, Inc. is a producer of bedroom and occasional furniture.

DEAL STATS #
Overall 1 of 1
Sector (Furniture) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1

Seller(S) 1

SELLER

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 1 of 1
Sector (Furniture) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 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.

Buy -
Mergr

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