Furniture Manufacturing operates 29 production lines from a 1.1
million square-foot facility, encompassing both stationary and
motion product categories.
Compass Diversified Trust has
acquired American Furniture Manufacturing for $92.5 million.
Founded in 1998 and headquartered in Ecru, Mississippi, American
Furniture is a leading U.S. manufacturer of promotional
upholstered furniture with retail price points between $199 and
$92.5 million represents under five and a half times American
Furniture's earnings before interest, taxes, depreciation and
I. Joseph Massoud, Compass' CEO, said, "American Furniture
possesses the characteristics we look for in all of our
businesses, including market leadership in a niche industry,
strong free cash flow and proven leadership."
American Furniture's senior managers will continue to manage the
business under the new ownership.
American Furniture Manufacturing operates 29 production lines
from a 1.1 million square-foot facility, encompassing both
stationary and motion product categories.
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