Revolution Capital Group Acquires Tvilum from Masco
LOS ANGELES -- December 20, 2013
Revolution Capital Group announced today that it has completed an acquisition
of Tvilum ApS, a subsidiary of Masco Corporation (NYSE: MAS). Masco is one of
the world's leading manufacturers of home improvement and building products,
with an annual revenue exceeding $7 billion in 2012. Tvilum is one of the
world’s largest manufacturers of ready to assemble (RTA) products. This
acquisition marks Revolution’s third acquisition of the year, and the firm’s
seventh since inception.
“This is a truly global business that fits well with Revolution’s strategy to
expand our portfolio into Europe. It affirms our commitment to acquire
outstanding businesses and drive growth in international markets,” said Robert
Loring, Founder and Managing Partner of Revolution Capital Group.
Tvilum has four state-of-the-art factories which produce 8 million items of
furniture annually. Tvilum’s products are manufactured in Denmark and sold to
retailers around the world. The company employs approximately 1,000 people,
and was founded in 1965. The company sells its products through dealers,
including large chains, independent stores, and online businesses in Africa
and the Middle East, America, Asia and Oceania, and Europe.
“Tvilum is an exciting opportunity for Revolution Capital Group, and this
acquisition caps off an excellent year for our firm. Heading into the new
year, we look forward to helping existing management execute a growth strategy
that creates long term value,” said Cyrus Nikou, Founding Partner of
Revolution Capital Group.
In February, Masco Corporation announced its intent to sell Tvilum following a
periodic review of its business portfolio, which determined that this business
was not core to its long-term growth strategy.
About Revolution Capital Group
Revolution Capital Group was formed by a group of private equity, M&A and
operational executives. The partners have worked on over $15 billion in
transactions with corporations such as AT&T, BASF, Bayer, General Electric,
Hays PLC, IBM, Lucent, Media General, Motorola, Universal Group and Williams
Communications. Additional information is available on the company’s website
About Masco Corporation
Headquartered in Taylor, Michigan, Masco Corporation is one of the world's
leading manufacturers of home improvement and buildings products. Masco’s
brands include Behr® paint; Delta® and Hansgrohe® faucets, bath and shower
fixtures; KraftMaid® and Merillat® cabinets; and Milgard® windows and doors,
among others. Masco is also a leading provider of services that include the
installation of insulation and other building products through Masco
Contractor Services’ group of companies. Visit www.masco.com for more
information on the Masco family of brands and its Foundation.
Tvilum designs, develops, manufactures, and supplies ready to assemble
furniture. The company offers furniture in the categories of living, working,
sleeping, kids/teens, and kitchen/bath. It provides bookcases, beds, chairs,
chests, china cabinets, desks, dining tables, nightstands, shoe cabinets,
bathroom and kitchen cabinets, sideboards, small tables, wall systems, and
wardrobes; and combination, lighting, media, and storage products.More detail
is available at www.tvilum.com.
Revolution Capital Group
Press spacebar to pause and continue. Press esc to stop.