Town & Country Holdings (T&C), a portfolio company of HIG Capital, has acquired Home Dynamix (HDX), a wholesaler of floor rugs, mats and bedding, headquartered in North Arlington, New Jersey, and Amalgamated Textiles USA (ATI), a supplier of window treatments and hardware, headquartered in Montreal, Quebec.
T&C, a provider of table linens, kitchen textiles, rugs, and innovative solution-based home products, will now offer additional home textiles products spanning across floor and accent rugs, bedding, pet beds, decorative pillows, window treatments, and window hardware.
David Beyda, Chairman of Town and Country Holdings, and CEO of the combined entity, says: “We are pleased to welcome both Home Dynamix and Amalgamated Textiles into the Town & Country family. We have a deep respect for the people and products that have made these companies successful. The acquisitions of Home Dynamix and Amalgamated Textiles are in line with our long-term strategy to grow T&C into a diversified, multi-channel and multi-product leader.”
“We are extremely excited to materially expand T&C’s customer base and product offerings so quickly after our initial investment,” adds HIG Managing Director Todd Ofenloch. “Both HDX and ATI bring significant management experience, product expertise, and successful track records that immediately bolster T&C’s efforts to execute on our long-term strategy.”
Rami Evar, President of Home Dynamix, says: “We are thrilled to partner up with a very respected, dedicated and passionate team in the home furnishing space. We strongly believe that joining Town & Country and H.I.G. will lead to a strong next chapter of our combined business.”
“We are very pleased to partner with Town & Country and HIG,” says Bobby Stoller, President and CEO of Amalgamated Textiles. “They have demonstrated an understanding of our vision for the business, an appreciation for how we have differentiated ourselves in the market and they have the expertise to allow us to accelerate our growth and serve our customers.”
