Home Source Seeks Buyer
April 19, 2016,
ATLANTA-Home Source International, the home textiles company, is looking for a buyer or a partner to invest in its business.
The company has put itself on the block due to “recent developments” and “unforeseen circumstances,” said Scott Sorgeloos, the company’s chief operating officer. Sorgeloos declined to elaborate on these circumstances in a telephone interview with HFN. He also said potential buyers have already begun their due diligence on the company.
The Home Source business includes its Home Source Manufacturing subsidiary, located in Marianna, Fla. “Home Source has an import retail business, provides [third party logistics provider] services for wholesalers and their customers such as designers, retailers, and specialty boutiques, and has a 300,000-square-foot turnkey facility featuring a bedding cut and sew operation,” said a company statement.
GGG Partners, also based here, is serving as the company’s financial advisor in this process.
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