Brown Jordan International acquires Tropitone

Combined companies Brown Jordan and Tropitone produce $400 million in annual revenue

Brown Jordan International has acquired the outstanding equity interests of Tropitone Furniture Co. The combined company will be headquartered in St. Augustine, Florida and will maintain manufacturing, design, and administrative operations in six states in the U.S. as well as in Juarez, Mexico.

“The combination of Tropitone and Brown Jordan brings together the two industry leaders with strengths that are entirely complementary to one another,” says Cap Hendrix, Tropitone’s CEO. “The combination creates the foundation of a brilliant future for both companies.”

The transaction occurs as Brown Jordan’s flagship brand is preparing for its 70th anniversary and Tropitone has enjoyed 60 years in business.

See more at: http://www.hospitalitydesign.com/news/business/Brown-Jordan-Interna-11151.shtml#sthash.epLpYN5c.dpuf

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