RHF Investments, Inc., the parent company of Century Furniture and Highland House Furniture, announced that they have entered into an agreement with the owners of Hancock & Moore, Jessica Charles and the 200 Steele showroom building in High Point, NC to purchase all the assets of those companies.
They will also purchase selected assets of Thomas & Gray and Councill Furniture though not including Councill’s production facilities in Denton, NC which will be wound down. It is expected that the transaction will be completed later this spring.
“Hancock & Moore is the finest Leather Upholstery Manufacturer in the country and I’ve spent my career appreciating the quality and integrity they build into their products. The team that Jack Glasheen, Jimmy Moore and Tim Rogers have created at Hancock & Moore and at Jessica Charles is incredibly strong. I can speak for my family and the Century team in saying that we see this as gaining new members to our family,” said Alex Shuford, III, President of Century Furniture.
“The synergies between the two companies are too numerous to list; from the Cabot Wrenn opportunity in commercial furnishings to Century’s expertise in complex logistics, I can’t wait to begin exploring the possibilities.”
“The combination of Hancock & Moore with Century Furniture has just felt right from day one. The two companies think alike and both pride themselves on strong foundations of quality craftspeople,” said Jack Glasheen, CEO of Hancock & Moore, Jessica Charles. “Jimmy, Tim and I are excited to continue building on the success of Hancock & Moore and Jessica Charles working with the fine team at Century.”
The current owners, Jack Glasheen, Jimmy Moore and Tim Rogers, will remain with the newly combined company in executive leadership positions. “One of the best aspects of this deal is that Jack, Jimmy and Tim are staying with us to do what they have always done, run an excellent company. I can’t wait to begin learning from them!” – Alex Shuford III. As with the executive management, the sales representation and distribution for both companies is not expected to change as a result of the acquisition.
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