JASPER, IN - Jasper Group and Jofco jointly announced Monday that negotiations regarding the merger between the companies had reached a successful conclusion.
“We were very pleased with the findings from the discovery process,” began Mike Elliott, Jasper Group President and CEO. “Jofco will function as a wholly owned subsidiary of Jasper Group, retaining all previous and current avenues of distribution. We move into the transition phase now, which will include some corporate logistical changes, sharing of ideas, and cross-functional communication to drive the new corporate synergy.”
Jasper Group opened its doors in 1929 as Jasper Seating Company, producing high quality seating products for offices, schools and institutions. In the last 83 years, the company has changed its name to Jasper Group to reflect the wide spectrum of product offering now included in its brand portfolio. JSI manufactures furniture for business interiors in the upper mid-market range from office and conference to reception and training. The Community brand is furniture for public spaces, providing solutions in environments where people gather, dine and learn. And Klem’s furniture is for hospitality, creating beautifully crafted casegoods for hotels meeting a variety of star classifications.
Jofco, currently enjoying its 90th year in business, now joins the Jasper Group family as a company that provides design-driven furniture for the architecture and design market. Known for its products of premium quality, Jofco offers an extensive collection of collaboration seating, conferencing and casegoods ideal for organizations looking for a high end feel. Jofco will continue its partnership with FREZZA in the United States. FREZZA, the second largest manufacturer in Italy, presents European style furniture for the high caliber executive office. Its collections perfectly fit any architectural design using products ranging from conference and desking systems to glass and wood walls.
Together Jasper Group and Jofco have a combined 173 years of experience in the furniture industry, over 1.6M square feet of manufacturing space and 800 employees. The merger will allow the integration of resources and knowledge which will strengthen operations to provide stability for the employees, equity for shareholders, and advantages for customers.
Jasper Group will continue with its plan to have all brands maintain their operations with existing sales team, field sales representatives and customer service as part of the newly expanded organization. Additionally, each brand will maintain its unique identity, target market and distribution network. “We feel the transition process will be fluid,” finished Elliott. “We have already begun to learn from each other and find where our resources complement each other. There is great potential for new opportunities, more growth and many successes to be had.”
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