US property developer buys Smallbone
Kitchen brand Smallbone of Devizes and its sister brands have been bought by a US property developer.
Gary Barnett has bought Smallbone alongside the Mark Wilkinson Furniture and Brookmans brands.
Barnett is the founder and president of Extell Development, a New York property developer. The company has worked on groundbreaking projects, including One57, Central Park Tower and the International Gem Tower.
‘Having deeply admired the company for many years, I was so keen to take this great opportunity to acquire these unique brands. Over the past 10 years, I have had the pleasure of working with Smallbone of Devizes on many projects such as our One57 development in Manhattan and was struck by its incredible design and making; it is rare to find this level of quality. I am looking forward to working to develop and evolve these luxury British, hand-made furniture businesses in the UK and around the world,’ said Barnett.
The deal secures the future of 260 employees and continued production in Devizes.
The company’s management team will remain in place.
‘We are very excited about the future of Smallbone of Devizes and Mark Wilkinson Furniture and are delighted to receive such positive investment from the US in our iconic British brands. We are fully committed to serving our current and future clients across the world,’ said Ian Gray, executive chairman.