Brown Jordan Acquires Castelle Furniture
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 21, 2019--
Brown Jordan International (“Brown Jordan” or “BJI”), a leading manufacturer of indoor and outdoor furniture serving a diverse range of commercial and consumer end markets, announced today that it has acquired Castelle Furniture (“Castelle” or the “Company”). Terms of the transaction were not disclosed.
Founded nearly 40 years ago, Castelle is a leading manufacturer and marketer of high-quality, artisan-influenced aluminum outdoor furniture. The combination brings under one roof several of the most iconic brands in the outdoor furniture industry including Brown Jordan, Castelle, Texacraft, Tropitone and Winston. The combined company will be headquartered in St. Augustine, FL, with manufacturing and design operations in four U.S. states, Juarez, Mexico and Costa Rica.
“We have long admired Castelle and are excited to leverage the strengths of the combined platform to better serve our customers,” said Gene Moriarty, president and CEO of Brown Jordan. “Castelle’s superior design capabilities, high service levels, and strong market position within the consumer channel are highly complementary to Brown Jordan and further strengthens our value proposition,” added Moriarty.
In October 2018, Brown Jordan announced the company’s comprehensive rebrand with a call to consumers to ‘Invest in the Good Life.’ The new brand positioning builds on the Company’s rich heritage as a pioneer in the outdoor furniture industry, impeccable craftmanship, and innovative design capabilities. The rebrand includes a new visual identity, executed through a multi-media channel plan, including a redesigned website, social media support, digital advertising and more.
Brown Jordan is a portfolio company of Littlejohn & Co., LLC.
About Brown Jordan International
Founded in 1945, Brown Jordan International is a leading designer, manufacturer and marketer of lifestyle brands serving the residential and commercial outdoor and indoor furniture markets. The Company offers innovative designs and superior quality through its strong portfolio of brands that include Brown Jordan, Tropitone, Castelle, Charter, Texacraft and Winston. BJI has won over 50 design excellence awards – more than any other manufacturer in the outdoor furniture industry. The Company serves a diverse range of end markets, including the residential, hospitality, leisure, corporate, restaurant and other commercial environments. BJI is privately held with corporate offices located in St. Augustine, Florida. For more information, visit www.bji.com.
About Littlejohn & Co., LLC
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. With over $10.9 billion in regulatory assets under management (RAUM), the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190521005643/en/
CONTACT: Nathaniel Garnick
Gasthalter & Co.
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: HOME GOODS INTERIOR DESIGN PROFESSIONAL SERVICES BANKING FINANCE RETAIL CONSTRUCTION & PROPERTY
SOURCE: Brown Jordan International
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PUB: 05/21/2019 10:25 AM/DISC: 05/21/2019 10:25 AM