Published on : Tuesday, January 28, 2020
Award winning home furnishing designer and manufacturer, Twin Star Home, acquires TK Classics, one of the leading outdoor furniture designers and jointly decided to bring out the finest collections in dining tables, outdoor bars and accesories. With a strong focus on path breaking creativity, TK Classics is celebrated for offering unique products in affordable price.
The headquarters of the company is in California and with their advanced manufacturing capacity in China, they have adopted retail chain to sell the products directly to the buyers. “As the line between indoor and outdoor living continues to blur, we are pleased to add another industry leader to our innovative product portfolio,” said Lori Gonzalez, Twin Star Home’s Chief Executive Officer. “TK Classics has a strong track record of developing quality products that delight consumers and garner positive reviews. The seasoned management teams at Twin Star and TK Classics are well-positioned to operate at a larger scale, and we look forward to building upon the strength of our brands and market leadership in bringing comfort and warmth to consumers’ homes. We have a powerful operating infrastructure that weaves through all functional areas and will support our continued growth and value creation.”
“This acquisition provides the foundation to unlock TK’s future growth potential, and will help take our already thriving business to the next level of performance,” said Jennifer Hayes, Founder and Chief Executive Officer of TK Classics. “I am pleased to find an acquisition partner who shares TK’s core principles of providing competitively priced, beautiful, innovative home furnishing products that bring family and friends together and enhances their personal lifestyle experience.”
“We have been looking for the right acquisition for many years and TK Classics is a valuable addition to Twin Star’s impressive portfolio and we are thrilled to welcome their team to the Z Capital portfolio,” said James Zenni, Founder, President and Chief Executive Officer of Z Capital. “This acquisition creates a leading North American home furnishings platform that is diversified across categories, customers, geographies and channels, and is ideally situated to execute on attractive growth opportunities in the highly fragmented home furnishings market.”
“This transaction underscores Twin Star’s commitment to anticipating and meeting consumers’ evolving design preferences and shopping habits,” said Rahul Sawhney, Senior Managing Director of Z Capital. “Twin Star has built an incredibly strong platform that is able to adapt to today’s consumer through an expanded product portfolio and significant investment in e-commerce capabilities, product innovation and customer insights. TK Classics adds highly attractive complementary product lines, each capturing elements of design, technology and multi-functionality that our customers have come to expect from Twin Star. We are looking forward to working together to achieve our shared growth objectives.”