Hilco Streambank seeks offers for Klaussner home furnishings brand assets

Hilco Streambank, a prominent intellectual property advisory firm, has announced its search for potential buyers interested in the Klaussner home furnishings brand assets. Interested parties have until March 28, 2024, to submit their indications of interest for this unique acquisition opportunity, conducted on behalf of a court-appointed receiver.

Founded in 1963, Klaussner has established itself as a major player in the United States’ home furnishings sector, known for its high-quality, stylish furniture that appeals to a wide range of interior design tastes. From traditional craftsmanship to modern design sensibilities, Klaussner’s products have catered to both residential and commercial markets, offering value-driven products and speed-to-market innovations.

Richelle Kalnit, Chief Commercial Officer and SVP of Hilco Streambank, highlights the potential that comes with acquiring the Klaussner brand. “A buyer of the Klaussner brand has the opportunity to leverage brand equity which supported more than $200 million in annualized sales to provide customers with a comprehensive home furnishings offering.” Kalnit underscores the brand’s reliability and its capacity to reconnect with a desirable network of wholesale distributors, including furniture stores and online retailers. This presents a significant opportunity for investors to capitalize on Klaussner’s established market presence and trusted brand identity.

The sale of Klaussner’s brand assets represents not just the transition of a well-respected name in the home furnishings industry but also a strategic opportunity for businesses looking to expand their portfolio in the sector. The brand’s longstanding reputation for quality and design innovation, combined with its significant annualized sales, offers a solid foundation for future growth under new ownership. Potential buyers have a unique chance to harness Klaussner’s existing market position and distributor relationships to further enhance their business prospects.