TITLE

Rowe sale completed

AUTHOR(S)
Evans, Gary
PUB. DATE
January 2007
SOURCE
Furniture/Today;1/29/2007, Vol. 31 Issue 21, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Rowe Furniture Inc. by Sun Capital Partners Inc. in federal bankruptcy proceedings for $30 million in McLean, Virginia. According to Rowe's president and CEO Gerald Birnbach, the transaction will help the company, which has been operating under Chapter 11 since September 2006, rebuild and protect its 850 employees from being laid off. Rowe has faced problems with production and delivery when it changed to new manufacturing technology.
ACCESSION #
23864079

 

Related Articles

  • Rowe deal draws fire.  // Furniture/Today;12/18/2006, Vol. 31 Issue 15, p1 

    The article reports on the objection of a committee of unsecured creditors to a plan by Florida-based Sun Capital Inc. (SC) to purchase Rowe Furniture (RF) Inc. SC intended to buy upholstery manufacturer RF for $30 million. According to the creditors' attorneys, the proposed purchase price was...

  • Rowe auction set for Jan. 11.  // Furniture/Today;1/1/2007, Vol. 31 Issue 17, p38 

    The article reports that upholstery manufacturer Rowe has made a new bankruptcy court filing requesting the change of auction date to January 11. Rowe earlier agreed on a sale with Florida-based private equity fund, Sun Capital which was opposed by a creditors' committee. Rowe revealed that all...

  • Sun Capital a rising force in furniture. Thomas, Larry // Furniture/Today;4/30/2007, Vol. 31 Issue 33, p1 

    The article reports on the business performance of Florida-based equity investment firm Sun Capital. According to the author, in the year 2007 alone, Sun Capital has purchased two furniture manufacturers, made significant investments in one manufacturer and one retailer and sold a retailer it...

  • Sun-owned Berkline due funds. Gunin, Joan // Furniture/Today;5/21/2007, Vol. 31 Issue 36, p2 

    The article reports on the acquisition of controlling interest in Berkline/BenchCraft by an affiliate of private investment firm Sun Capital Partners. The move will give the upholstery new financing. The deal is part of a recapitalization that also will swap about $40 million of outstanding debt...

  • SUN CAPITAL BUYS BERKLINE/BENCHCRAFT.  // Wood & Wood Products;Jun2007, Vol. 112 Issue 7, p20 

    The article reports on the acquisition of an upholstered furnituremaker Berkline/BenchCraft Holdings LLC by an affiliate of Sun Capital Partners Inc. in the U.S. The Berkline product line specializes in motion furniture including reclining sofas, loveseats and home theater seating. While,...

  • Eddie Bauer agrees to $614M buyout.  // Furniture/Today;11/20/2006, Vol. 31 Issue 11, p50 

    The article reports on the agreement of apparel company Eddie Bauer, which has a licensed furniture line with Lane to be sold to affiliates of private equity investment groups Sun Capital Partners and Golden Gate Capital in Washington. The deal is valued at $614 million. The buyers would pay...

  • Rowe's Birnbach dies at 82. Thomas, Larry // Furniture/Today;3/25/2013, Vol. 37 Issue 30, p1 

    An obituary for Rowe Furniture retired chairman Gerald Birnbach is presented.

  • Sun Capital acquires Powell. McIntosh, Jay // Furniture/Today;1/22/2007, Vol. 31 Issue 20, p1 

    The article reports that Culver City, California-based furniture importer L. Powell Co. has been acquired by an affiliate of Florida-based Sun Capital Partners from New York City-based Windward Capital Partners II, its management and the Powell family. Powell imports occasional, case goods and...

  • Sleep Innovations to be Acquired by Sun Capital Partners.  // Home Textiles Today;10/22/2012, Vol. 33 Issue 23, p2 

    The article presents information on the acquisition of Sleep Innovations Inc. by Sun Capital Partners Inc.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics