Kimball Office, a subsidiary of Jasper based Kimball International, Inc. recently announced 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.
David Edward 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.
The David Edward product portfolio consists of classic and contemporary designs, focused primarily in the seating, tables and ancillary furniture categories.
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.
Kimball Offfice President Mike Wagner says they were inspired by David Edward employees’ commitment to quality and their incredible tailoring skills, which integrates the most technical and architectural aspects of furniture design.
Wagner says the company 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.
Kimball International Chairman and CEO Bob Schneider says David 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.
Schneider added that they look forward to welcoming all David Edward employees to the Kimball International family.