{"id":35458,"date":"2018-10-20T12:04:38","date_gmt":"2018-10-20T10:04:38","guid":{"rendered":"http:\/\/modern-wilderness.flywheelsites.com\/?p=35458"},"modified":"2018-10-26T08:18:48","modified_gmt":"2018-10-26T06:18:48","slug":"kimball-announces-the-pending-acquisition-of-david-edward","status":"publish","type":"post","link":"https:\/\/officerepublic.news\/en\/2018\/10\/kimball-announces-the-pending-acquisition-of-david-edward\/","title":{"rendered":"Kimball announces the pending acquisition of David Edward"},"content":{"rendered":"
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\"\"<\/a>Kimball, a subsidiary of Kimball International, Inc. (NASDAQ: KBAL) announced today that it has signed a definitive agreement to acquire substantially all the assets of David Edward headquartered in Baltimore, Maryland. The closing is expected to be completed within the next 30 days, subject to customary closing conditions.\u00a0<\/strong><\/p>\n

David Edward<\/a><\/span> is a premier designer and manufacturer of contract furniture, sold in the healthcare, corporate, education and premium hospitality markets. David Edward sells primarily in the North American and Middle Eastern markets.<\/p>\n<\/div>\n

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David Fox\u2019s Entourage sectional for David Edward. Photography courtesy of David Edward.<\/figcaption><\/figure>\n<\/div>\n
The David Edward name is synonymous with the highest quality upholstery products in the furniture industry. Their products are generally specified by architects and designers, represented through a network of independent representatives, and sold through authorized furniture dealerships. The David Edward product portfolio consists of classic and contemporary designs, focused primarily in the seating, tables and ancillary furniture categories.<\/div>\n
In conjunction with the asset acquisition, Kimball will lease the two existing David Edward production facilities in Baltimore and Red Lion, Pennsylvania totaling 235,000 square feet. The company employs approximately 170 highly skilled craftspeople, who are dedicated to preserving a rich heritage built on delivering premium customized solutions for nearly fifty-five years.<\/div>\n<\/div>\n
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Ynot by Zoose Design – David Edward<\/figcaption><\/figure>\n<\/div>\n

Inspired by David Edward employees’ commitment<\/h4>\n
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\u00a0\u201cWe were inspired by David Edward employees\u2019 commitment to quality and their incredible tailoring skills, which integrates the most technical and architectural aspects of furniture design,\u201d<\/em> said Mike Wagner<\/a><\/span>, President of Kimball. \u201cWe will further invest in David Edward and build their brand by broadening their ancillary furniture portfolio with the goal of making David Edward the premier source of upholstery products for architects and designers. The synergy for Kimball lies in our ability to leverage David Edward\u2019s excess production capacity to expand not just Kimball Health seating, but also our broader seating portfolio while tapping into their expertise to help us raise our level of design detail.\u201d<\/em><\/p>\n

David Edward will continue to operate independently, selling through their existing network of independent reps and authorized dealers.<\/p>\n<\/div>\n

Reach higher levels of competitiveness and growth<\/h4>\n
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\u201cGreg, Kevin and I, are confident we\u2019ve found a buyer that we are strategically aligned with and who is committed to investing in this business for future growth,\u201d<\/em> stated David Pitts<\/a><\/span>, President of David Edward. \u201cOur family has enjoyed fifty-five great years of building the David Edward brand, and we are excited for our employees and our customers as we enter this next chapter. This partnership will allow investments necessary for David Edward to reach higher levels of competitiveness and growth.\u201d<\/em><\/p>\n

\"\"<\/a>\u201cDavid Edward and Kimball International share a culture of caring for employees, customers, and communities, which provides a solid foundation for building long term success together. We look forward to welcoming all David Edward employees to the Kimball International family where, as stated in our Guiding Principles, Our People are the Company,\u201d<\/em> added Bob Schneider, Chairman of the Board and CEO, Kimball International.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Kimball, a subsidiary of Kimball International, Inc. (NASDAQ: KBAL) announced today that it has signed a definitive agreement to acquire substantially all the assets of David Edward headquartered in Baltimore, Maryland. The closing is expected to be completed within the next 30 days, subject to customary closing conditions.\u00a0 David Edward is a premier designer and…<\/p>\n","protected":false},"author":6,"featured_media":35469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"Kimball announces the pending acquisition of David Edward","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4558,5312],"tags":[5293,5320],"jetpack_publicize_connections":[],"acf":{"app_afbeelding":false,"app_titel":"Kimball acquires Davis Edward","app_article":"

Kimball, a subsidiary of Kimball International, Inc. (NASDAQ: KBAL) announced today that it has signed a definitive agreement to acquire substantially all the assets of David Edward headquartered in Baltimore, Maryland. The closing is expected to be completed within the next 30 days, subject to customary closing conditions. <\/p>\n","app_link_title":"Continue reading","app_link_url":"https:\/\/officerepublic.news\/en\/2018\/10\/kimball-announces-the-pending-acquisition-of-david-edward\/","app_display":"Ja","bedrijfsnaam":"Kimball","bedrijfsprofiel_id":33241},"yoast_head":"\nKimball announces the pending acquisition of David Edward | OfficeRepublic<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officerepublic.news\/en\/2018\/10\/kimball-announces-the-pending-acquisition-of-david-edward\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kimball announces the pending acquisition of David Edward | OfficeRepublic\" \/>\n<meta property=\"og:description\" content=\"Kimball, a subsidiary of Kimball International, Inc. 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