HIGH POINT, NC — Lexington Home Brands announced it has completed its acquisition of Sligh Furniture Co. Terms of the acquisition were not released.
The transaction, originally scheduled to close in October, gives the High Point, NC-based Lexington a presence in the home office and home entertainment markets. An affiliate of Sun Capital Partners Inc., Lexington Home Brands is a global marketer and manufacturer of wood and upholstered furniture. In addition to the Lexington brand, the company's portfolio includes: Tommy Bahama Home and Henry Link Trading Co.
News of the completed transaction was published on peHUB.com.
Based in Holland, MI, Sligh Furniture was founded in 1880 by Charles Sligh. Originally a bedroom furniture manufacturer, the company was the first of its kind to offer a complete product line from one plant. Sligh continued producing bedroom furniture until 1993, when Sligh partners Chuck Sligh Jr. and Bill Lowry added desks to the company’s offerings.
Under the direction of Bob Sligh, who became president in 1968, Sligh acquired the Trend Clock company, while continuing to expand its office furniture lines.
Rob Sligh took over as president in 1990, and under his direction the company grew its home office furniture segment, inventing and patenting computer cabinets, modular home office furniture and seating. By 2002, the company had also moved into the home entertainment niche. Sligh sold its clock designs to Bulova in 2005.
According to the terms of the agreement, Rob Sligh will continue to head Sligh Furniture for Lexington. He will also take on additional executive management responsibilities as senior vice president of business development for Lexington Home Brands and will be based out of the company’s corporate office.
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