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New York property specialist acquires Smallbone of Devizes

Gary Barnett, founder and president of New York property company Extell Development Company, has acquired British kitchen furniture maker Smallbone of Devizes and its sister brands Mark Wilkinson Furniture and Brookmans.

The purchase, for an undisclosed sum, was agreed on Thursday 29 November and ends months of speculation around the future of the British brands.
Barnett says: “Having deeply admired the company for many years, I was so keen to take this great opportunity to acquire these unique brands. Over the past 10 years, I have had the pleasure of working with Smallbone of Devizes on many projects, such as our One57 development in Manhattan, and was struck by its incredible design and making; it is rare to find this level of quality. I am looking forward to working to develop and evolve these luxury British, hand-made furniture businesses in the UK and around the world.”
This sale has secured the future of 260 employees and continued production in Smallbone’s historic home of Devizes, Wiltshire, where the company is a major employer and all of its furniture is crafted by hand for sale throughout the world.
Founded in 1978, Smallbone of Devizes has been at the forefront of kitchen design for the past 40 years. During this time, its clients have included top celebrities and its furniture has graced some of the world’s most groundbreaking international developments in cities including New York, London and Dubai.
The existing management team, led by Executive Chairman Ian Gray, continues working with Sapphire 700 to drive forward the future success of the brands.
Gray says: “We are very excited about the future of Smallbone of Devizes and Mark Wilkinson Furniture and are delighted to receive such positive investment from the US in our iconic British brands. We are fully committed to serving our current and future clients across the world.”

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