Kravet Inc., an industry leader in to-the-trade home furnishings, has announced that Dunes Point Capital, LP (DPC) has acquired the majority interest in Kravet Inc. The Kravet family will continue to lead the business and will maintain a significant ownership position.
"We are excited to announce this alignment with DPC,” said Cary Kravet, CEO of Kravet Inc. “DPC’s financial and operational resources and expertise, combined with our team’s talent and leadership, will enable us to accelerate our growth and acquisition plans, while we continue to obsessively focus on providing our customers with the highest quality products and services.”
Kravet Inc. is a fifth-generation family led and managed to-the-trade home furnishings business founded in 1918. Kravet Inc.’s commitment to innovation has helped the company transform from a small fabric house to a global leader, with fabric, furniture, wallcoverings, trimming and carpet offerings. Kravet Inc. is composed of five renowned core brands and also proudly represents numerous distinguished European brands.
DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and business services sectors. DPC targets companies with enterprise values of up to $1 billion.
The terms of the investment were not disclosed.
