Kimball Unit Makes $20M Acquisition

Posted: Updated:
Kimball says the deal adds an "attractive product portfolio" to its residential market offerings. Kimball says the deal adds an "attractive product portfolio" to its residential market offerings.
JASPER -

A subsidiary of Jasper-based Kimball International Inc. (Nasdaq: KBAL) says it is acquiring D'style Inc. in California. Kimball Hospitality President Kourtney Smith says the $20 million acquisition will allow the unit to become a "significant player in the public space area" and expand its reach beyond guest room furnishings.

D'style makes metal public space and guest room furnishing ranging from tables and vanities to lighting. Kimball says the deal adds an "attractive product portfolio" to its residential market offerings. The acquisition also includes Diseños de Estilo in Tijuana, Mexico.

The California company will continue to be led by founder Roberto Besquin, who will serve as executive director, and former co-owner Jacob Shor, who will be senior director of operations. D'Style reported annual revenues of approximately $20 million in 2016.

Kimball Chief Executive Officer Bob Schneider says the companies will "build success together," adding that the company is happy to welcome the D'syle employees to Kimball.

  • Perspectives

    • Focused Collaboration Leads to Effective STEM Leadership

      As a woman who has built a career in a STEM field, technology, I have come to realize that collaboration is an essential ingredient for organizational growth and survival. As my year serving as president for Women & Hi Tech comes to an end, one of the most impactful takeaways for me has been how a shared vision and strategic partnerships can help change the landscape for women studying science, technology, engineering or math in Indiana.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Walmart Details Crawfordsville Layoffs

      Walmart Inc. (NYSE: WMT) has announced plans to reduce its workforce at the Walmart Optical Lab in Crawfordsville. In a notice to the state, the company did not provide a reason for the reduction, but said 108 employees will be out of work by the end of September.

    • Indy Tech Vet to Lead DePauw Center

      DePauw University has tapped an Indianapolis tech veteran to become a part of its leadership team. Steve Fouty, who most recently served as chief financial officer of ClusterTruck in Indy, has been named director of the McDermond Center for Management and Entrepreneurship on the Greencastle campus.

    • Airports in Indiana Secure FAA Grants

      Seven Hoosier airports and the Indiana Department of Transportation have received support for projects from the Federal Aviation Administration. Funding through the Airport Improvement Program will be used for infrastructure work including runways, terminals and firefighting and snow removal equipment. Nearly $660 million was distributed throughout the country in the most recent cycle.

    • Study: Hoosier Graduation Rates Continue to Rise

      A new report from the Indiana Commission for Higher Education says graduation rates among Hoosier college students are higher than ever. The 2018 College Completion Report says 38.5 percent of students graduated on time, up 4 percent from the previous year and nearly 14 percent over the past five years.

    • Caesars now owns Indiana Grand in Shelbyville and Hoosier Park in Anderson.

      Acquisition of Indiana Racinos Complete

      Las Vegas-based Caesars Entertainment Corp. (Nasdaq: CZR) has completed its $1.7 billion acquisition of Centaur Holdings LLC in Indianapolis. The deal adds Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville to Caesars' portfolio. The company says it will invest $50 million into various property improvements and IT upgrades at both facilities. Caesars says it plans to add table games to both properties, pending necessary approvals.