Private equity group acquires RTA specialist Tvilum

Buys Danish operation from Masco

, December 23, 2013

LOS ANGELES — Revolution Capital Group announced Friday that it had completed an acquisition of Tvilum ApS, the Denmark-based flat-pack furniture manufacturer, from Masco Corp.

Tvilum produces 8 million items of ready-to-assemble furniture each year at its four factories in Denmark and distributes them to markets around the world, including Europe and the Americas.

Building and home products supplier Masco had announced its intention to sell the subsidiary early this year. Terms of the deal were not disclosed.

Tvilum "is a truly global business that fits well with Revolution's strategy to expand our portfolio into Europe," said Robert Loring, founder and managing partner of Revolution Capital Group, also the private equity owners of companies including The Tampa Tribune newspaper. "It affirms our commitment to acquire outstanding businesses and drive growth in international markets."

Tvilum employs approximately 1,000 people and was founded in 1965, a press release said.

Revolution Capital officials were not immediately available for further comment.

 

|

VIDEOS

  • Automated trucking, final mile and what's new with Amazon

    Camera Icon More Videos

Digital Edition

Furniture Today Digital Edition

See the digital edition of Furniture/Today, which allows you to flip through the pages, click on any underlined area to visit a website or send an e-mail, search to find content in the magazine, or share pages with your friends. See the latest issue!