Fort Smith-based FFO acquires furniture retailer in Kentucky
by February 13, 2018 6:42 am 753 views
Fort Smith-based furniture retailer and manufacturer FFO Home has announced the acquisition of Service Furniture and Bedding, Inc, an operator of home furnishings and bedding retailers in the Louisville, Ky., region.
The acquisition includes 13 stores operating under the Furniture Liquidators banner and 15 Mattress and More Bedding stores.
With the acquisition, FFO Home has moved into the top 50 home furnishing retailers from the Top 100. This is the first acquisition since FFO Home received an investment from an affiliate of private equity firm Sun Capital Partners, Inc., in 2016. Terms of the private transactions were not disclosed.
“We are incredibly excited to welcome Furniture Liquidators and Mattress and More to the FFO Home family,” Larry Zigerelli, president and CEO of FFO Home, said in a statement. “Both of these brands have enjoyed strong leadership positions for many years. Furniture Liquidators provides us strong critical mass in one of our key expansion markets, and fits us strategically as a leading value-oriented retailer. Mattress and More provides an important platform to accelerate the growth of our vertically integrated Bedding business.”
FFO Home opened its 47th location in December. It now operates retail stores in Arkansas, Missouri, Oklahoma, Texas, Tennessee, Mississippi, and Kansas. FFO Home also manufactures bedding under the Comfort Coil and Natural Elements brands.
FFO Home opened its first store on Rogers Avenue in Fort Smith, Ark., in 1984 (known then as Furniture Factory Outlet). It has added 10 new stores in the past year.