FurnitureOrigins Buys Shadow Mountain
STATESVILLE, N.C.-Shadow Mountain, the furniture company known for its rustic-inspired products, has been acquired by FurnitureOrigins. Terms were not disclosed.
FurnitureOrigins, which describes itself as a "fully integrated furniture" resource, purchased Zocalo last year and the acquisition of Shadow Mountain, from previous owner First Capital, gives it another unit in the furniture business.
Shadow Mountain, which holds licenses for Dick Idol and Woolrich, will continue to operate under its own name and former executives Chad Turney and Bob Eller, along with some of the company's sales force, will be retained. Turney will be president and chief executive officer, and Eller vice president.
"Shadow Mountain is a great quality brand," said FurnitureOrigins CEO Seth Jutan. "The new company will blend their niche designs and marketing expertise with FurnitureOrigins' financial strength and global manufacturing and distribution platform."