Kimball Unit Makes $20M Acquisition

Kimball says the deal adds an "attractive product portfolio" to its residential market offerings.

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A subsidiary of Jasper-based Kimball International Inc. (Nasdaq: KBAL) says it is acquiring D’style Inc. in California. Kimball Hospitality President Kourtney Smith says the $20 million acquisition will allow the unit to become a "significant player in the public space area" and expand its reach beyond guest room furnishings.

D’style makes metal public space and guest room furnishing ranging from tables and vanities to lighting. Kimball says the deal adds an "attractive product portfolio" to its residential market offerings. The acquisition also includes Diseños de Estilo in Tijuana, Mexico.

The California company will continue to be led by founder Roberto Besquin, who will serve as executive director, and former co-owner Jacob Shor, who will be senior director of operations. D’Style reported annual revenues of approximately $20 million in 2016.

Kimball Chief Executive Officer Bob Schneider says the companies will "build success together," adding that the company is happy to welcome the D’syle employees to Kimball.