Minneapolis-based office furniture and products manufacturer Safco Products Co. today announced it plans to acquire Sheboygan-based Mayline Co. LLC, a portfolio company of Milwaukee-based Baird Capital.
The deal, the financial details of which were not disclosed, is expected to close by September.
Mayline has about 220 employees at its headquarters and manufacturing plant in Sheboygan, as well as at a distribution center in Conway, Arkansas. The company makes office furniture and storage products.
In addition to its Minneapolis headquarters, Safco has distribution centers in California and Virginia. It also in May acquired Focal Upright Furniture of North Kingstown, Rhode Island. Safco is in the Liberty Diversified International family of companies.
The companies’ respective product lines and brands will remain intact, but no decisions have been made on Mayline’s operations or employees, a Safco spokesperson said.
“Joining forces with Safco provides Mayline a great opportunity to offer a broader solution set to our existing customer base and further leverage our manufacturing competencies,” said Allan Klotsche, president and chief executive officer of Mayline. “The fact that two mid-market furniture companies share such similar values and passion around our customers will simplify the integration process, and we expect that our customers will continue to receive that same level of excellence in both product and service.”
“The addition of Mayline products to the Safco portfolio further strengthens our reach and capabilities for customers across the country,” said Paul Griffiths, general manager of Safco. “We are building a powerful set of commercial furniture and office product solutions for our customers.”
