Masco group sold. (home furnishings division sold to investor group)
HFN: The Weekly Newspaper for the Home Furnishing Network, November, 1995 by Wray, Kimberley
An investor group headed by Morgan Stanley Capital Partners has agreed to acquire Masco Corp's home furnishings business for $1.1 billion. The home group consists of six fabric companies and nine furniture and accessories companies, some of which are very profitable and others of which will need some attention, according to one industry watcher. The deal is expected to close in 60 days; no changes in the division's current management are expected.
TAYLOR, Mich.--Masco Corp. shock bands last week over a deal to sell its $2 billion home furnishing division to an investor group led by a Morgan Stanley unit. The purchase price is $1.1 billion, almost all in cash, and the deal is to close in the next 60 days. Morgan Stanley Capital Partners, the private equity division of the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
