HOFT - Hooker Furnishings acquires Sunset West for foraying outdoor furniture segment

To gain immediate market share in the growing outdoor furniture segment, Hooker Furnishings (NASDAQ:HOFT) completed the acquisition of Sunset West, west coast-based manufacturer of outdoor furniture, in an all-cash transaction. Under deal terms, Sunset West’s management team and all the company's employees will continue to serve its customers from its headquarters in Vista, California. The transaction will enable Sunset West to have warehousing and stronger distribution in the eastern and central regions of the country, access to Hooker Furnishings high-traffic showroom in High Point, and the opportunity to sell into its vast retail and interior design customer base.

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Hooker Furnishings acquires Sunset West for foraying outdoor furniture segment