/Virginia company acquires furniture manufacturer

Virginia company acquires furniture manufacturer

Samuel Lawrence Furniture Co., a manufacturer with about 75 employees in southwest Phoenix, is being acquired by a Virginia company.


Samuel Lawrence, which makes wooden bedroom, dining room, juvenile and office furniture for major retailers, is being merged with Pulaski Furniture to form a holding company called Home Meridian International.

Goldner Hawn Johnson & Morrison, a Minneapolis private equity firm, acquired Samuel Lawrence in 1997 and helped its management transform the company from a predominantly U.S.-based furniture manufacturer to a global one focusing on design, sourcing and marketing. The company also has offices in North Carolina and China.

Goldner Hawn Managing Director Gary Obermiller said the sale is not expected to negatively affect operations at the Phoenix company’s 77,000-square-foot facility.

“SLF has become a leader in the globalization of the furniture industry,” said Obermiller, adding the combined company will use the processes in place in Phoenix, which could create new opportunities.

The combined company will be lead George Revington, former chief executive of Samuel Lawrence.

“By combining SLF’s speed-to-market and operational advantages with Pulaski’s strength in marketing and brand development, Home Meridian International will own a unique space in the furniture industry today,” said Revington.

Greene Holcomb & Fisher LLC, with offices in Minneapolis and Phoenix, represented Goldner Hawn as its financial adviser in the sale.