Office Resources Acquires Fellow Knoll Dealer in NYC.
M2 EQUITYBITES-December 3, 2015-Office Resources Acquires Fellow Knoll Dealer in NYC
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3 December 2015 - Boston, US-based office furniture retailer Office Resources, Inc. has acquired fellow Knoll dealer Offices Ltd., Inc in New York City, the company said.
Knoll's portfolio of furniture, textile, leather and accessories brands includes Knoll, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck, FilzFelt,
Office Resources said the purchase will enable it to expand its design and distribution capabilities to New York City and increase its annual revenue to USD 110m.
With ORI's acquisition of OLI, the combined entities will become one of the top Knoll distributors in the country.
Offices Ltd., Inc., a contract furniture dealer for more than 40 years and a founding Knoll dealer, will be rebranded as Office Resources, Inc. at the turn of the year.
The company's location on Ninth Avenue will remain open, and Barbary said existing OLI staff will be crucial in growing the ORI brand in New York City.
Paul Fraser from ORI will manage all New York City operations, assisted by OLI executive vice presidents Ed Baust and Adam Bacall. Baust and Bacall will play major roles in the rebranding and sales efforts in the New York market.
Kevin Barbary will handle marketing for New York City and all of New England, while continuing ORI's successful track record of collaboration with professionals in the architectural, real estate, and project management communities. Bruce Blueweiss, OLI dealer principal, will continue to handle new business development while OLI vice president Karen Blueweiss will oversee financial management.
Both ORI and OLI have played roles in building the Knoll brand on the East Coast. Both companies belong to the Knoll president's Circle, which is comprised of the top 20 distributors by volume across the country.
Office Resources is a full-service office furniture company. As a Knoll Dealer focused on space planning, design, project management, delivery and installation, ORI has been delivering exceptional upscale office furniture products, reliable service and design and project management experience to clients in corporate, higher education and healthcare.
ORI is headquartered in Boston, MA with locations in Hartford, CT, Manchester, NH, Portland, ME and Shrewsbury, MA.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 3, 2015|
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