PE-backed Mity acquires chairs manufacturer Holsag Canada
Mity Inc has acquired Holsag Canada, a Lindsay, Ontario maker of chairs and casegoods for the senior living, healthcare, education and hospitality markets. The purchase price was not disclosed. Mity, an Orem, Utah-based furniture products manufacturer, said the deal broadens its product offering and deepens the company's presence in multiple industries. The acquisition was backed by US$16 million in funding provided by Prospect Capital Corp, a U.S. private debt and equity firm. Prospect is Mity's controlling shareholder.
31 January 2017•2 mins read
