RUTHERFORDTON, NC - Kitchen cabinet manufacturer Geppetto Kitchens has been recapitalized by Building Industry Partners, a Fort Worth, Texas private equity firm.
A newly formed entity, United Cabinet Holdings, was established February 9, 2012 to execute the transaction. Principals in Greensboro, NC-based United Cabinet Holdings are Terry Dickey and Michael Arnaud. The recapitalized Gepetto Kitchens was renamed Touchstone Fine Cabinetry and will continue to operate from its Rutherfordton, NC facility.
Touchstone Fine Cabinetry manufactures semi-custom cabinets and full-custom framed and frameless cabinetry. Under United Cabinet Holdings, Touchstone Fine Cabinetry employs 85 in the former Geppetto’s 200,000 square foot, highly integrated manufacturing facility.
Building Industry Partners (BIP) is a Fort Worth, Texas-based private equity investment firm specializing in the U.S. middle-market building products industry and affiliated with Chambers Interests, the investment office of the Chambers family of Fort Worth, Texas.
Gepetto Kitchens was launched as a small cabinet shop in 1979 in Forest City, NC by Harold Caffell, who entered the business after years as a hobbyist. Prior to the acquisition, Gepetto Kitchens produced all-wood cabinets in white oak, maple, hickory, cherry and pine.
Terry Dickey, president and CEO of United Cabinet Holdings, was president and CEO of Marsh Furniture Company, the regional kitchen & bath cabinetry manufacturer. Previously, he was COO of Cardell Kitchen and Bath's El Campo Division' president of Brammer Manufacturing Company' and VP, manufacturing for Norcraft/MidContinent Cabinetry.
Arnaud, EVP sales and marketing, was VP marketing for UltraCraft Cabinetry, a division of Norcraft Companies. before that Arnaud was VP sales for Republic National Cabinet, a HIG Capital cabinet manufacturing holding, that owned Republic Industries, Cabico Custom Cabinetry, Sunshine Kitchens and Legacy Cabinets.
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