NEW YORK -- 1847 Holdings LLC provided, in an update on its 1847 Cabinet Inc. subsidiary, Kyle's Custom Wood Shop Inc., announced growth in production capacity and in market offerings. The holding company acquired Kyle's in September 2020.

Ellery W. Roberts, CEO of 1847 Holdings, said: "While the High Mountain Door and Trim and Innovative Cabinet & Design divisions have been growing at an impressive rate since the acquisition, the recent growth within our custom cabinets is really exciting. To capitalize on this demand, we have more than doubled our production through strategic investments in the business. We believe our growth illustrates the success of our buy-and-build strategy, whereby we continually implement strategies to increase revenue, gain operating leverage and improve profitability within the subsidiaries.

In addition to growing its base business, the company said it is strategically expanding into new, high-margin product categories. 

As an example, Kyle's Custom Wood Shop division recently entered the custom closet market, which allows us to leverage our existing customer relationships and strong brand recognition in the market. This new revenue stream was not part of our original guidance of $90 million for 2023, and should further enhance both our top and bottom-line results for this year and beyond. 

1847 Holdings LLC, a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and principal of Lazard Freres Strategic Realty Investors.