Add-on Acquisition • Furniture

Naples Soap Co. Acquires GNS Group

On June 28, 2021, Naples Soap Co. acquired furniture company GNS Group

Acquisition Context

This is Naples Soap Co.’s 1st transaction in the Furniture sector.
This is Naples Soap Co.’s 1st transaction in the United States.
This is Naples Soap Co.’s 1st transaction in Washington.

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M&A Deal Summary
Date	June 28, 2021
Target	GNS Group
Sector	Furniture
Buyer(s)	Naples Soap Co.
Deal Type	Add-on Acquisition

Target Company

GNS Group

Everett, Washington, United States

GNS Group distributes furniture for the hospitality industry in the United States, Canada, Mexico, and the Caribbean. Its range includes wood chairs and round table restaurant central restaurant products for restaurants, community halls & healthcare seating for hospitals, banquet chairs and banquet tables for clubs and hotels, education and plastic stacking chairs and resin folding chairs for event companies, training chairs for schools and clinics and healthcare facilities. GNS Group was founded in 2006 and is based in Everett, Washington.

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Buyer Overview 1

Buyer

Naples Soap Co.

Fort Myers, Florida, United States

Category	Company
Founded	2009
Sector	Consumer Products

DESCRIPTION

Naples Soap Co. is a producer of over 400 bath, body, and personal care products that are made in the USA with natural and organic ingredients. Products are sold at the company’s 10 retail locations along Florida’s west coast, central Florida, and Panhandle. Naples Soap products are sold online from the company’s website at naplessoap.com, through other DTC (direct to consumer) channels such as Amazon.com, and at over 300 boutiques, spas, and stores throughout the United States via the company’s wholesale division. Naples Soap Co. was formed in 2009 and is based in Fort Myers, Florida.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Furniture	1 of 1
Type: Add-on Acquisition	1 of 1
State: Washington	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1

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