Falcon Products Emerges from Bankruptcy, Re-Brands Company as CFGroup
November 18, 2005
ST. LOUIS, Missouri — Falcon Products, Inc. has emerged from Chapter 11 bankruptcy and re-branded itself as Commerical Furniture Group (CFGroup).
CFGroup will be the parent company for Shelby Williams, Falcon, Howe, Thonet and Epic. The Group's new principal owners are affiliates of Oaktree Capital Management, LLC and Whippoorwill Associates. Representatives of the new ownership team will serve on the company's Board of Directors and will work with the management team.
"What's changed is that we have re-tooled the internal business structure to operate more efficiently. This will make us a reliable, stable business partner, and it enables us to invest in our products, customers, and associates," said CFGroup president John Sumner.
According to the company, these efforts include: streamlining manufacturing into four facilities world-wide – U.S., Mexico, China and Denmark; invigorating the company with investment capital to focus on development of the core brands; and reorganizing the sales team into vertical markets so all clients are serviced by an industry expert.
CFGroup serves several commercial furniture industries, including restaurant/banquet, education, health care, corporate, government, hotel/lodging, casino, stadium/arena, and retail.
CFGroup will be the parent company for Shelby Williams, Falcon, Howe, Thonet and Epic. The Group's new principal owners are affiliates of Oaktree Capital Management, LLC and Whippoorwill Associates. Representatives of the new ownership team will serve on the company's Board of Directors and will work with the management team.
"What's changed is that we have re-tooled the internal business structure to operate more efficiently. This will make us a reliable, stable business partner, and it enables us to invest in our products, customers, and associates," said CFGroup president John Sumner.
According to the company, these efforts include: streamlining manufacturing into four facilities world-wide – U.S., Mexico, China and Denmark; invigorating the company with investment capital to focus on development of the core brands; and reorganizing the sales team into vertical markets so all clients are serviced by an industry expert.
CFGroup serves several commercial furniture industries, including restaurant/banquet, education, health care, corporate, government, hotel/lodging, casino, stadium/arena, and retail.
