Revolution Capital Acquires Danish Furnishings FirmThursday, January 2, 2014
Revolution Capital Group has completed its acquisition of Tvilum, a Danish unit of U.S.-based Masco Corp.
Revolution Capital, a Century City private equity firm, did not disclose terms of the deal, which closed last month. Tvilum, a subsidiary of Taylor, Mich.-based home improvement and building products company Masco, is one of the world’s largest makers of ready-to-assemble cabinetry and residential and office furniture. In the United States its products are sold Office Depot, Wal-Mart, Target and specialty stores.
Tvilum’s four factories produce 8 million units of furniture annually. The company, founded in 1965, employs about 1,000 people and had annual revenue exceeding $7 billion in 2012, Revolution said.
Tvilum “is a truly global business that fits well with Revolution's strategy to expand our portfolio into Europe,” Robert Loring, Revolution’s co-founder and managing partner, said in a statement.
The deal was Revolution Capital’s third in 2013.