DALLAS - Woodmont Cabinetry has purchased Grandview Products, a large producer of made-to-order cabinetry sold nationwide.
Founded in 1946 and based in Parsons, Kansas, Grandview Products has three plants, two in Parsons and one in Cherryvale, Kansas. The company is listed in the FDMC 300 with 2016 sales of approximately $34 million.
In a statement announcing the purchase, Stan Tidwell, owner and president of Woodmont Cabinetry, said, “With over 250 employees and 220,000 square feet of manufacturing space, [Grandview Products] has many strengths including its location. It’s geographically positioned to reach most areas of the U.S. within one to two days. With its well-established client relationships and knowledgeable employees, Grandview has great potential for further growth and development.”
Terms of the acquisition, announced Nov. 17, were not disclosed.
The statement, posted on ParsonsSun.com, said the two cabinet companies will operate as separate divisions under one umbrella, with both retaining their respective names and locations. In addition to Grandview's three plants in Kansas, the Dallas, Texas-based Woodmont Cabinetry operates two plants, in Dallas and Cedar Hill, with a combined manufacturing space of 250,000 square feet. Founded in 1953, Woodmont also markets its kitchen and bath cabinetry nationwide.
The press statement said the family-owned companies share similar values, including an emphasis on sustainability and manufacturing in America. In addition, both Grandview Products and Woodmont Cabinetry have product lines certified under the KCMA Environmental Stewardship Program.
According to the Parsons Sun, Tidwell has already assumed the role of Grandview Products president, although his company won't take possession of Grandview until the end of the year. Sophia Zetmeir, who took over Grandview following the death of her husband Sonny in 2013, has retired effective immediately.
“Any company we would consider acquiring must meet our high service standards and share core values that are consistent with our own. I’ve known the Zetmeir family for years and I knew this to be the case," Tidwell said in the statement. "After months of discussion and due diligence, I’m confident that Grandview is an ideal fit for our organization."
Have something to say? Share your thoughts with us in the comments below.