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

    • Time Management: When and How to Work to Your Max Productivity

      Time is the one resource in your life that is neither replenishable nor renewable. Regardless of how you spin it, everyone starts each day on an equal playing field with 24 hours in the time bank. And while people often yearn for more time, what they really need is better time management. Understanding where your time goes, when you are most productive, and why you should protect yourself against distractions are the keys to achieving your max productivity.

    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

    • Photo courtesy of MutualBank

      MutualBank President Dies

      The President and Chief Operating Officer of Muncie-based MutualBank Pat Botts has died. In a statement on Facebook posted Sunday, the company said the passing was unexpected.

    • Photo courtesy of Indiana Premium outlets

      Simon Announces New Name for Shopping Center

      Indianapolis-based Simon Property Group Inc. (NYSE: SPG) has announced Edinburgh Premium Outlets will become Indiana Premium Outlets. The company says extensive enhancements are currently underway to reflect the new name and are slated for completion by Holiday 2019. 

    • (file photo courtesy of Radial)

      Radial to Hire 1,800 Seasonal Workers in Brownsburg

      Pennsylvania-based Radial Inc. has announced plans to grow its seasonal workforce in Brownsburg. The company, which opened its 700,000-square-foot fulfillment center in the Hendricks County city in June, says it will add 1,800 workers ahead of the holiday season. Radial is an e-commerce technology and operations company and says a dramatic increase in online spending will lead to higher demand for workers at the new facility this year. The jobs will mainly be...

    • Artist rendering of proposed headquarters for Ruoff Home Mortgage in Fort Wayne.

      Ruoff to Build New HQ in Downtown Fort Wayne

      Fort Wayne-based Ruoff Home Mortgage has announced plans to build a $43 million corporate headquarters in downtown Fort Wayne. Plans call for a 110-thousand square foot, nine-story structure, at the corner of Ewing Street and Jefferson Boulevard. The building would include leasable office and retail space, as well as a parking garage. It would overlook Parkview Field, home of the Fort Wayne Tin Caps minor league baseball team. The company is currently located on...

    • (photo courtesy of Aptiv)

      Irish Tech Company Coming to Westfield

      An Ireland-based technology company has announced plans to set up operations in Westfield. The city says Aptiv PLC (NYSE: APTV) will invest more than $9 million to open an engineering lab in the Westfield Business Centre and bring in 50 jobs.