PONTOTOC, Miss. - Upholstered motion furniture manufacturer Southern Motion Inc. will acquire Fusion Furniture Inc., a producer of upholstered stationary furniture for the residential market.
Terms of the acquisition, announced June 4, were not disclosed. When completed, the combined companies will boast more than 2,000 employees and more than 2 million square feet of manufacturing space. Southern Motion has five production plants in Mississippi totaling 1.5 million square feet, and Fusion Furniture has four Mississippi-based facilities, totaling 500,000 square feet.
The companies will continue to operate separately, while taking advantage of each other's strengths in the residential furniture market, said Roger Bland, president and CEO of Southern Motion.
"Fusion is an excellent company with outstanding products and an exceptional management team. Their stationary upholstery product line is a great complement to our motion upholstery line," Bland said. “We look forward to partnering with a company that shares our vision for domestic manufacturing.”
Fusion Furniture President and CEO Bo Robbins added. “We are pleased to find a partner like Southern Motion who shares our passion for this industry. Joining forces with Roger and his management team will provide us capital and capacity to sustain our momentum and pursue growth opportunities.” The company was founded in 2009 by Bo and Alison Robbins.
Founded in 1996, Southern Motion is a portfolio company of Gainline Capital Partners. The company is ranked #54 in the latest FDMC 300 list of top North American wood products manufacturers, published in February.
Rick Sullivan, a managing director with Gainline, said, “We are very excited to support the partnership between Southern Motion and Fusion Furniture and to help the management team execute their vision. Bo and Alison Robbins are making a significant investment in the company as did Roger and the Southern Motion senior management team. Gainline is pleased to make this conservatively structured equity investment in partnership with a first-rate management team and is committed to supporting the long-term growth and continued success at the company.”
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