Revolution Capital Acquires Tvilum From Masco - Quick Facts

(RTTNews) - Revolution Capital Group on Friday completed its acquisition of Tvilum ApS, a unit of Masco Corp. (MAS).

Masco is a manufacturer of home improvement and building products, and Tvilum is one of the world's largest manufacturers of ready to assemble (RTA) products.

The acquisition marks Revolution's third acquisition of the year.

"This is a truly global business that fits well with Revolution's strategy to expand our portfolio into Europe," said Robert Loring, Founder and Managing Partner of Revolution Capital Group.

Tvilum has four state-of-the-art factories which produce 8 million items of furniture annually. Tvilum's products are manufactured in Denmark and sold to retailers around the world. The company employs about 1,000 people, and was founded in 1965.

In February, Masco Corporation announced its intent to sell Tvilum following a periodic review of its business portfolio, which determined that this business was not core to its long-term growth strategy.