Brown Jordan International Acquires Castelle Furniture Company, Inc.
On May 20, 2019, In Industry News by Greg Thompson
ST. AUGUSTINE, FL – Brown Jordan International, Inc. has acquired the assets of Castelle Furniture Co., Inc. and its Costa Rican operations. The transaction combines leading providers of outdoor casual furniture to the residential and hospitality markets into a company generating consolidated net sales of nearly $400 million. The combined company will be headquartered in St. Augustine, Florida, and will maintain manufacturing, design and administrative operations in five states in the U.S. as well as Juarez, Mexico and Costa Rica.
“We have long admired Castelle’s manufacturing capabilities and its very productive Costa Rica facility. We are excited for the opportunity to leverage our complimentary customer relationships, product lines and financial strength with the Castelle team. The brand has a long-established reputation for outstanding quality furniture, and we are excited about its potential for growth” said Gene Moriarty, Brown Jordan International’s president and CEO.
Rory Rehmert will remain as the senior vice president, Sales for the Castelle residential business. “Rory has led the sales efforts over the last 11 years for the company and has been instrumental in its growth. We look forward to working with Rory and his team” said Moriarty.
Steven Kalter, principal of Littlejohn who acquired Brown Jordan International in 2017 added, “Brown Jordan’s board of directors is committed to supporting the company and its management team for the long term and see significant growth from this transaction and future opportunities.”
