Announced
Synopsis
NBG Home, a provider of affordable home decor products, completed the acquisition of Quoizel, a designer and marketer of decorative lighting. Financial terms were not disclosed. “We are pleased to welcome Quoizel to the NBG family. Quoizel’s brand is widely known for quality and innovation in fine decorative lighting. Its strong sales force and capable design team are well-regarded for their customer first attitude. We look forward to partnering with Rick Seidman and the Quoizel team as we increase our operating scale, product and brand diversity to further enhance our category management solutions to the benefit of our retail partners. Furthermore, we plan to capitalize on each company’s market leadership, sales force and capabilities to driver higher revenue growth than either company could independently accomplish,” Scott Slater, NBG CEO.
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