U.S.- Revolution Capital Group announced on December 20th that it has completed the acquisition of Tvilum ApS, a subsidiary of Masco Corporation. Tvilum is one of the world’s largest manufacturers of ready to assemble (RTA) products and since 2000 was part of Masco, one of the world's leading manufacturers of home improvement and building products, with an annual revenue exceeding $7 billion in 2012. This acquisition marks Revolution’s third acquisition of the year, and the firm’s seventh since inception.
“This is a truly global business that fits well with Revolution’s strategy to expand our portfolio into Europe. It affirms our commitment to acquire outstanding businesses and drive growth in international markets,” said Robert Loring, Founder and Managing Partner of Revolution Capital Group.
Tvilum, founded in 1965, has four state-of-the-art factories in Denmark that produce 8 million items of furniture annually sold around the world. The company, that employs approximately 1,000 people, sells its products through dealers, including large chains, independent stores, and online businesses in Africa and the Middle East, America, Asia and Oceania, and Europe.
“Tvilum is an exciting opportunity for Revolution Capital Group, and this acquisition caps off an excellent year for our firm. Heading into the new year, we look forward to helping existing management execute a growth strategy that creates long term value,” said Cyrus Nikou, Founding Partner of Revolution Capital Group.
