MORRISTOWN, Tenn.–The owner of Berkline—a Sun Capital Partners affiliate—has invested an additional $6 million in the furniture company, which Berkline said will provide “further capital for growth and expansion of its product line.” The money will also be used to pay down debt.
Sun, which has many investments in the furniture business, including Lexington and Rowe, recently named Robert Burch president and chief executive officer of Berkline as it seeks a financial turnaround at the company. Burch, who was most recently executive vice president of operations for Simmons, said, “With the additional liquidity, Berkline is primed to gain market share and expand into additional segments.” He said the company had just finished its “most successful” quarter since 2006.