Kimball International Acquires David Edward
October 19, 2018
Kimball, a brand unit of Kimball International, signed a definitive agreement to acquire substantially all assets of David Edward, a Baltimore-based contract furniture designer and manufacturer. The asset purchase includes leasing two production facilities and the approximately 170 employees; Kimball said the acquisition will expand its seating and ancillary furniture capabilities and is expected to be accretive over time.
- Buyers
- Kimball (Kimball International, Inc.)
- Targets
- David Edward
- Sellers
- David Edward shareholders / founding family
- Industry
- Manufacturing
- Location
- Maryland, United States
- Transaction Type
- Buyout
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