Palliser Furniture Group Acquires Casana

Palliser, the largest home furnishings manufacturer/supplier in Canada, adds casegoods to its portfolio.

WINNIPEG, Manitoba, June 22, 2017/PRNewswire/ -- Palliser Furniture Holdings Ltd. announced today that it has reached an agreement to purchase Casana Furniture Company Ltd. effective June 30, 2017.

With this acquisition, the Palliser Furniture Group adds the Casana casegoods line to its brand portfolio alongside Palliser Upholstery and EQ3, making it the largest home furnishings manufacturer/supplier in Canada. Each of these brands, led by dedicated leadership teams, will enhance Palliser's market opportunity and benefit from synergies across the entire furniture group.

"This acquisition allows Palliser Furniture Holdings to present a complete lifestyle of products, including a variety of price points and design aesthetics, making us more effective at meeting the needs of our customers," said Peter Tielmann.

In support of the acquisition, the following executive appointments were made:

Roger Friesen was appointed Executive Vice President, Business Development of Palliser Furniture Holdings Ltd. effective June 1, 2017. In this role, his primary responsibility is to facilitate growth and development across the Palliser Furniture Group of companies. Friesen was previously President of Casana Furniture Company.

Reece Tomlinson was appointed President of Casana Furniture Company Ltd. effective June 19, 2017. Previously, Mr. Tomlinson was CEO of Intraline Medical Aesthetics PTE Ltd.

Roger Friesen and Reece Tomlinson will report to Peter Tielmann, President, Palliser Furniture Holdings Ltd.

About Palliser Furniture Holdings Ltd.

Palliser Furniture Holdings Ltd. is a privately held company in Winnipeg, MB. Its brands include Palliser upholstery, Casana, Pinnacle, North American Furniture and EQ3. 

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SOURCE Palliser Furniture Holdings Ltd.