Lifestyle completes Sunbury, Robert Allen sales
April 4, 2002,
New York — LifeStyle Furnishings International has completed the sale of its Sunbury fabric division and its Robert Allen Group business, part of the company's divestiture strategy announced earlier this year.
Decor Holdings, an affiliate of Corber Corp. has purchased the Robert Allen Group and its Canadian and United Kingdom affiliates, Robert Allen Fabrics (Canada) and Robert Allen Europe.
The Sunbury sale was a management buyout in conjunction with Long Point Capital. Hank Truslow, Jr., president of Sunbury noted, "this is an exciting opportunity for Sunbury to take full advantage of its strengths and unique capabilities to serve its customers. We expect to exceed the expectations of our customers by continuing to provide them with the highest levels of service, quality and design in the years ahead."
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