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December 20th, 2013
REVOLUTION CAPITAL GROUP COMPLETES ACQUISITION OF TVILUM
Revolution Capital Group announced today that it has completed an acquisition of Tvilum ApS, a subsidiary of Masco Corporation (NYSE: MAS). Masco is one of the world's leading manufacturers of home improvement and building products, with an annual revenue exceeding $7 billion in 2012. Tvilum is one of the world’s largest manufacturers of ready to assemble (RTA) products. This acquisition marks Revolution’s third acquisition of the year, and the firm’s seventh since inception.
“This is a truly global business that fits well with Revolution’s strategy to expand our portfolio into Europe. It affirms our commitment to acquire outstanding businesses and drive growth in international markets,” said Robert Loring, Founder and Managing Partner of Revolution Capital Group.
Tvilum has four state-of-the-art factories which produce 8 million items of furniture annually. Tvilum’s products are manufactured in Denmark and sold to retailers around the world. The company employs approximately 1,000 people, and was founded in 1965. The company sells its products through dealers, including large chains, independent stores, and online businesses in Africa and the Middle East, America, Asia and Oceania, and Europe.
“Tvilum is an exciting opportunity for Revolution Capital Group, and this acquisition caps off an excellent year for our firm. Heading into the new year, we look forward to helping existing management execute a growth strategy that creates long term value,” said Cyrus Nikou, Founding Partner of Revolution Capital Group.
Revolution Capital Group
is a privately funded, global investment firm focused on acquiring and operating companies for long term growth and value creation in the middle market. Our executive team works in partnership with management to build industry leading enterprises all over the globe.
Revolution’s team has a wealth of experience in global acquisitions and operations and has executed transactions with some of the world’s largest companies.
We are committed
to providing fair value and creative and expedient solutions for corporations looking to divest and maintain the highest ethical standards and business practices.