LFI Completes Sale of Sunbury
April 4, 2002
New York - Lifestyle Furnishings International Ltd. announced the completion of its sale of the company's Sunbury division in a management led buyout in conjunction with Long Point Capital. Sunbury is a marketer and manufacturer of high-end decorative fabrics.
"This transaction is a continuation of LFI's continued divestiture strategy announced earlier this year," said Alan Cole, LifeStyle Furnishings International president and CEO. "We are excited for the management team of Sunbury as they continue their successful track record of design leadership in the home textiles industry."
"This is an exciting opportunity for Sunbury to take full advantage of its strengths and unique capabilities to serve its customers," said Hank Truslow, Jr. president of Sunbury Textiles Mills. "We expect to exceed the expectations of our customers by continuing to provide them with the highest levels of service, quality and design in the years ahead."
"This transaction is a continuation of LFI's continued divestiture strategy announced earlier this year," said Alan Cole, LifeStyle Furnishings International president and CEO. "We are excited for the management team of Sunbury as they continue their successful track record of design leadership in the home textiles industry."
"This is an exciting opportunity for Sunbury to take full advantage of its strengths and unique capabilities to serve its customers," said Hank Truslow, Jr. president of Sunbury Textiles Mills. "We expect to exceed the expectations of our customers by continuing to provide them with the highest levels of service, quality and design in the years ahead."