Sauder acquires Butler Woodcrafters
February 14, 2014,
Officials did not reveal the purchase price or other details of the transaction, which closed at the end of January. However, Sauder Woodworking President and CEO Kevin Sauder said the purchase will bring its contract furniture business to about $100 million.
Sauder's contract business produces furniture for the worship market as well as higher education and health care facilities. The purchase of Butler will add a fourth major component to its contract business - bedroom furniture for human services organizations, which are mostly government or nonprofit-funded adult residential facilities.
"We saw the opportunity was there and that there was a good cultural fit," Sauder said, adding, "We are buying a company that is profitable.... It will be a nice combination."
Based in Richmond, Va., Butler has been producing furniture since 1980 and has 78 employees, according to the company website. Larry Giaimo, the current CEO, will continue to run the business, reporting to Phil Bontrager, president and CEO of Sauder Mfg.
Most Viewed Articles
Related Content By Author
Parting thoughts on High Point Market
RSA Insights & Intelligence
RSA Insights & Intelligence gives you, the retail sales associates, critical intelligence and insights. We make it easier for you to sell by providing actionable tips and key takeaways you can and should use for every sale. Check out our latest two articles:
* How to use an implied close
* The low cost of mattresses