Combined Company is a Leading Provider of Home Furnishings and Wall Decor
Austin, TX and Birmingham, AL – June 20, 2016 – NBG Home (“NBG”) and Plantation Patterns (“PP”) today announced that NBG has acquired PP, a leading provider of outdoor soft home products to mass, home improvement, discount and specialty retailers in North America. The combination with NBG’s soft indoor home business, THRO, will provide a comprehensive product offering to retailers worldwide. The acquisition significantly expands NBG’s soft home offering and will provide substantial revenue synergy opportunities.
Scott Slater, CEO of NBG Home, stated, “PP’s product categories of furniture cushions, slip covers, pillows, outdoor umbrellas, and decorative accessories are complementary to NBG’s current home and wall décor. The industry leading ‘first purchase’ customization program separates this company from its competitors.”
Scott Crumrine will remain as COO of Plantation Patterns and lead the company going forward. Crumrine said, “The combination creates a platform for growth with remarkable capabilities in new product development, global sourcing and distribution. This will allow PP to go to the next level and serve our customers with outstanding design and value.” Scott will report directly to the CEO of NBG Home.
E.J. Marino, President and CEO of Plantation Patterns since inception in 2011, will retire following the transaction. E.J. is proud of the company’s accomplishment and stated, “We found the right partner and PP is in great hands.” We all wish him a long and healthy retirement.
About NBG Home
Headquartered in Austin, Texas, NBG Home is an international company owned by funds affiliated with Kohlberg & Company, a New York-based private equity firm, and is one of the world’s leading producers and distributors of home décor and wall décor products, marketed under brands such as Pinnacle, Nielsen Bainbridge, Jimco, Patton, and THRO. World leaders in research, innovation and ground-breaking new products, NBG Home anticipates the latest styles and trends, to give customers the most desirable products.
About Plantation Patterns
Headquartered in Birmingham, AL, Plantation Patterns is an industry leader in outdoor soft home décor. The company has two U.S. facilities in Selma, AL and a distribution center in Calera, AL. Their strategy of hybrid supply chain offers customers the best of both worlds with in-house Asian sourcing and quick response domestic capacity. In 2015 PP was a finalist for Alabama Manufacturer of the year.
About Kohlberg & Company
Kohlberg & Company, LLC (”Kohlberg”) is a leading U.S. private equity firm headquartered in Mt. Kisco, New York. Since its inception in 1987, Kohlberg has completed more than 68 platform investments and more than 100 add-on acquisitions, with aggregate transaction value in excess of $10 billion. For more information, visit www.kohlberg.com