{"id":1447,"date":"2013-08-01T09:08:26","date_gmt":"2013-08-01T03:38:26","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2013\/08\/01\/la-private-equity-firm-buys-la-z-boy-subsidiary\/"},"modified":"2013-08-01T09:08:26","modified_gmt":"2013-08-01T03:38:26","slug":"la-private-equity-firm-buys-la-z-boy-subsidiary","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/la-private-equity-firm-buys-la-z-boy-subsidiary\/","title":{"rendered":"L.A. private equity firm buys La-Z-Boy subsidiary"},"content":{"rendered":"<p>Los Angeles Business from bizjournals &#8211; 10:50 AM PDT Monday<br \/>\nHancock Park Associates has purchased the American of Martinsville subsidiary from LA-Z-Boy Inc., the company said Monday.<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\n Terms of the transaction were not disclosed. La-Z-Boy said the deal should provide a small gain that will be reported in its first quarter results to be released Aug. 15. La-Z-Boy said it sold the unit so that it could focus more on its home furnishing business.<\/p>\n<p>Martinsville, Va.-based American of Martinsville is a manufacturer and supplier of contract furnishings to the hospitality, senior living and government markets. The division&#8217;s sales were 5 percent, around $100 million, of La-Z-Boy&#8217;s total sales of $1.92 billion in fiscal 2013, the company said.<\/p>\n<p>La-Z-Boy Inc. (NYSE: LZB) is based in Monroe, Mich., and includes brands Bauhaus, Centurion, Clayton Marcus, England, La-Z-Boy, Sam Moore, American Drew, Hammary, Kincaid Lea and Pennsylvania House.<\/p>\n<p> Los Angeles-based Hancock Park Associates is a private equity firm that invests in small to mid-size companies. It owns or holds investments in 14 companies, including American Furniture, Classic Party Rentals, Barcalounger, Stanton International and Omni Fitness, according to its Web site.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Los Angeles Business from bizjournals &#8211; 10:50 AM PDT Monday Hancock Park Associates has purchased the American of Martinsville subsidiary from LA-Z-Boy Inc., the company said Monday.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1447","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=1447"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1447\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=1447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=1447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=1447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}