Maitland-Smith to buy Scarborough House
Luxury furniture resource Maitland-Smith, a division of Century and Hickory Chair parent Rock House Farm in Hickory, North Carolina, has entered into an agreement to purchase Scarborough House, another luxury furniture brand that offers wooden bedroom, dining room and living room furniture.
The companies did not reveal a purchase price or other terms of the deal, but said Maitland-Smith will handle the brand’s distribution and offer Scarborough House as a collection that will incorporate its existing designs across various categories.
The company said that the Scarborough House collection for Maitland-Smith will include more than 150 items and be available to order on June 1. However the company’s design archives are more extensive and could eventually be reintroduced in the future.
The agreement also includes the company’s showroom on the first floor of 200 Steele in High Point, which will be converted into a Maitland-Smith showroom.
Di-Ann Williams, president of Scarborough House, said she was pleased at the opportunity the deal represents for both companies.
“Partnerships have been a vital part of our success, and I am confident that Maitland-Smith will continue this approach going forward,” Williams said in a statement.
Jonathan Buxton, owner of Scarborough House, said the deal represents an opportunity for both companies. Buxton also still owns the factory in Cebu, Philippines, which will continue to produce the line for Maitland-Smith.
“His factory is unbelievable,” Federico Contigiani, general manager of Maitland-Smith told Home News Now. “He makes the best quality product I have seen out of the Philippines, better quality than anybody else in my opinion. What he does is amazing.”
Contigiani did not reveal a purchase price for the 12-year-old brand, but said that he looks forward to working together with Buxton on the line, which will be sold and distributed as Maitland-Smith product.
“People who know the brand appreciate the quality level,” Contigiani said. “It is something we want to keep around.”