CHARLESTON, S.C. – Ornamental lighting model Quoizel has emerged as a standalone firm after its former father or mother firm, NBG House, filed for chapter earlier this yr.
“Quoizel has been serving the lighting wants of customers for practically a century and we’re excited to start this new chapter in our proud historical past,” mentioned Rick Seidman, Quoizel CEO. “We’re grateful to our staff for his or her tireless efforts and contributions, to our clients for his or her loyalty, to our suppliers for his or her continued help and to our new house owners for his or her confidence and optimism in the way forward for our firm.”
Seidman mentioned the corporate appears to be like ahead to persevering with to ship on its model promise for high quality and innovation in ornamental lighting with a buyer first perspective.
Quoizel will now be owned by a gaggle of buyers led by credit score funds and accounts managed by funding administration firm KKR.
Based in 1930, Quoizel originated in New York and relocated to a 52-acre website in Charleston, South Carolina in 1996 the place it stays in the present day.
Father or mother firm NBG House, which acquired Quoizel in 2019, filed for Chapter 11 chapter safety within the Southern District of Texas courtroom in February of this yr.
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