Kravet Inc., the industry leader in to-the-trade home furnishings, announced today that Dunes Point Capital, LP (DPC) has acquired the majority interest in Kravet Inc. The Kravet family will continue to lead the business and will maintain a significant ownership position.
“We are excited to announce this alignment with DPC,” said Cary Kravet, CEO of Kravet Inc. “DPC’s financial and operational resources and expertise, combined with our team’s talent and leadership, will enable us to accelerate our growth and acquisition plans, while we continue to obsessively focus on providing our customers with the highest quality products and services.”
Kravet Inc. is a fifth-generation family led and managed to-the-trade home furnishings business founded in 1918. Kravet Inc.’s commitment to innovation has helped the company transform from a small fabric house to a global leader, with fabric, furniture, wallcovering, trimming and carpet offerings. Kravet Inc. is composed of 5 renowned core brands and also proudly represents numerous distinguished European brands.
DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and business services sectors. DPC targets companies with enterprise values of up to $1 billion.
The terms of the investment were not disclosed.
About Kravet Inc.
Kravet Inc., established in 1918, is the industry leader in to-the-trade home furnishings, distributing fabric, furniture, wallcovering, trimming and carpet under the Kravet, Lee Jofa, GP & J Baker, Brunschwig & Fils and Donghia brands. A fifth generation family led and managed business, Kravet Inc.’s commitment to innovation has helped the company transform from a small fabric house to a global leader, representing brands and designers from all over the world. A one-stop shopping resource for all interior design needs, Kravet Inc. has 40 showrooms worldwide, an ecommerce website, distribution centers in Anderson, South Carolina and Poole, England, as well as a manufacturing location in Thomasville, North Carolina. For more information, please visit www.kravet.com
About DPC
DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and business services sectors. DPC targets companies with enterprise values of up to $1 billion. For more information, please visit www.dunespointcapital.com
