CANADIAN INVESTOR GROUP ACQUIRES GROUPE LACASSE
HOLLAND, MI – May 9, 2012 – Haworth, Inc. and Groupe Lacasse have announced an agreement finalizing the sale of Groupe Lacasse to an independent investment group headed by Sylvain Garneau – President of the Quebec-based company since 2010. The group of private investors includes the family of Mr. Guy Lacasse.
“We look forward to Haworth and Groupe Lacasse maintaining a relationship as mutual customers and suppliers,” said Franco Bianchi, Haworth President & CEO. “Groupe Lacasse will experience greater opportunity to operate in the marketplace as an independent company, while maintaining a strong connection to the business opportunities offered by Haworth. It will be an exciting entrepreneurial opportunity for Sylvain and the entire team as they build on the positive momentum they have been developing.“
“This represents an exciting opportunity for Groupe Lacasse to strengthen our core business and drive our performance to the next level,” said Sylvain Garneau, Groupe Lacasse CEO and Chairman of the investors’ group. “Our entire organization appreciates the support of Haworth and the confidence of our new business partners.”
This action allows Haworth and Groupe Lacasse to more effectively serve customers in a focused and agile way and ensures that the companies have the opportunity to achieve the best possible sustainable long-term growth and profitability without losing the potential to serve market-specific needs.
Haworth, Inc. is a global leader in the design and manufacturing of office furniture and organic workspaces, including raised access floors, moveable walls, systems furniture, seating, storage and wood casegoods. Family-owned and privately held, Haworth is headquartered in Holland, Michigan and serves markets in more than 120 countries through a global network of 600 dealers. The company had net sales of US $1.38 billion in 2011.
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Founded in 1956, Groupe Lacasse is a North American leader in the design, manufacture and service of a broad range of high-quality furniture products for all types of work environments. The company is based in Saint-Pie, Québec, Canada and employs more than 400 people.
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