Growth at Safco® Products Company Continues with Planned Mayline® Acquisition
Minneapolis (August 18, 2016) – Safco® Products Company today announced its plans to acquire the business assets of Wisconsin-based Mayline® Company, LLC. Mayline is a portfolio company of Baird Capital. Safco is part of the Liberty Diversified International (LDI) family of companies.
The acquisition is expected to close by September 2016. In the interim, the companies will begin integrating the businesses and communicating with customers about their plans.
Mayline is headquartered and manufactures the majority of its products in Sheboygan, Wis., with a distribution center in North Little Rock, Ark. The company employs approximately 220 people.
"The addition of Mayline products to the Safco portfolio further strengthens our reach and capabilities for customers across the country," said Paul Griffiths, Safco General Manager. "We are building a powerful set of commercial furniture and office product solutions for our customers."
Griffiths said that both the Safco and Mayline brands and product lines will be maintained.
Mayline President and CEO Allan Klotsche said, "Joining forces with Safco provides Mayline a great opportunity to offer a broader solution set to our existing customer base and further leverage our manufacturing competencies. The fact that two mid-market furniture companies share such similar values and passion around our customers will simplify the integration process, and we expect that our customers will continue to receive that same level of excellence in both product and service."
Safco’s Griffiths said the two companies are in the process of identifying opportunities for optimizing combinations of products and services to dealer-partners, with the ultimate goal of serving end user customers.
"This combined team is focused on continued innovation to provide a more efficient workplace," Griffiths said.
About Safco® Products
For 50 years, Safco has been providing the furniture and office products needed to make a workplace feel like a workplace. But we don't stop there. Our product offering includes seating (desk and guest), desks (sitting, standing, adjustable-height), organization (desktop organizers, filing, storage), presentation/training, ergonomics (backrests, footrests), work area (bookcases, printer stands), facility (wastebaskets, recycling) and educational solutions. Safco is a Liberty Diversified International company.
Our heritage began in 1939, manufacturing drafting tables as the Engineering Supply Company. Today Mayline is one of the leading mid-market contract furniture manufacturers in the U.S., offering a complete collection of office furniture, filing, storage, and customized solutions. Mayline understands you have unique workplace needs, so every effort is made to optimize the work environment to fit both your style and space. For more information, visit www.mayline.com.
For More Information Contact:
Carrie Eidem, Marketing Manager
(763) 536-6754 or email@example.com