Kimball to Acquire David Edward

Posted: Updated:
Kimball is a subsidiary of Kimball International. Kimball is a subsidiary of Kimball International.
JASPER -

A subsidiary of Jasper-based Kimball International Inc. (Nasdaq: KBAL) has announced plans to acquire Maryland-based contract furniture manufacturer David Edward. Financial terms are not being disclosed, however Kimball expects the deal to close within the next 30 days.

David Edward designs and manufactures furniture for the healthcare, corporate, education, and premium hospitality markets in North America and the Middle East. Kimball says, as a result of the acquisition, it will lease the two existing David Edward production facilities in Baltimore and Red Lion Pennsylvania, which total 235,000 square feet.

Kimball says David Edward, which employs 170, will continue to operate independently and sell its products through its existing network on independent representatives and authorized dealers.

"We were inspired by David Edward employees’ commitment to quality and their incredible tailoring skills, which integrates the most technical and architectural aspects of furniture design," said Mike Wagner, president of Kimball. "We will further invest in David Edward and build their brand by broadening their ancillary furniture portfolio with the goal of making David Edward the premier source of upholstery products for architects and designers. The synergy for Kimball lies in our ability to leverage David Edward’s excess production capacity to expand not just Kimball Health seating, but also our broader seating portfolio while tapping into their expertise to help us raise our level of design detail."

David Pitts, president of David Edward, says the acquisition will allow his company to reach higher levels of competitiveness and growth.

  • Perspectives

    • What is a CPEO And What Are The Benefits?

      We all know the traditional definition of a professional employer organization, or PEO. PEOs provide small and medium-sized businesses with numerous benefits - from comprehensive human resources management and employee benefits administration to reducing the number of administrative tasks, the list goes on. However, there is another type of PEO that can provide clients with even more benefits, a CPEO.  CPEO are IRS certified organizations who met various requirements in...

    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

    • The 2018 Indiana State Fair drew 860,131 through the gates

      Final Wave of Indiana State Fair Concerts Released

      The Indiana State Fair has unveiled the final wave of headliners to perform on the Free Stage during the 2019 Indiana State Fair. The announcement brings the total number of concerts to 17 at this year's fair.  Each show is free with paid admission to the Indiana State Fair, which runs August 2-18.

    • Photo of Gary City Hall courtesy of the City of Gary

      Gary to Hold Job Fair for Residents

      The city of Gary and the Gary Re-Entry Coalition are partnering to hold a job fair for Gary residents on Wednesday. City officials expect around 40 employers to participate in the job fair. The annual event will run from 10 a.m. to 3 p.m. at the Gary SouthShore RailCats Stadium.

    • (photo courtesy of Hopebridge)

      Demand Drives Hopebridge Expansion

      Indianapolis-based Hopebridge LLC is continuing its growth efforts in Indiana. The behavioral health services provider has announced plans to expand with locations in Fishers and Columbus, which are expected to open this summer and create more than 110 jobs. The new locations will bring the company's pediatric autism therapy network in Indiana to 17, with more than 20 additional locations in Ohio, Kentucky and Georgia. In an interview with Inside INdiana Business...

    • NSWC Crane is located within Naval Support Activity Crane, one of the largest naval bases in the U.S.

      Military Contract Work To Be Done in Indiana

      Virginia-based Science Applications International Corp. has been awarded a nearly $42 million military contract for work on gun and guided missile systems. The overhaul and repair of  antenna systems for the U.S. Navy will be performed at SAIC locations in Bedford, Crane and Springville, Indiana.

    • (photo courtesy of our partners at The Times of Northwest Indiana)

      U.S. Steel to Idle Blast Furnace at Gary Works

      U.S. Steel has released plans to idle a blast furnace at Gary Works. Our partners at The Times of Northwest Indiana report than an internal memo at the plant said that there would be “no immediate impact on employment levels at the mill.” The mill has reportedly planned to idle the furnace temporarily as a response to reduced production capacity amid falling steel prices, orders and revenue. However, the Pittsburgh-based steelmaker told the publication it has no timeline ...