Guildmaster Emerges From Chapter 11; Investors Take Company Private

Furniture World News Desk on 9/28/2013

GuildMaster reported that the company officially emerged from Chapter 11. Management and a small group of investors have purchased the company and committed more than $1,000,000 of capital that will propel the company in a new direction.

A judge in the U.S. Bankruptcy Court for the Western District of Missouri in Springfield approved the reorganization plan, which had already been accepted by the shareholders and creditors.

“Today, we officially have launched an extreme makeover of GuildMaster that will absolutely amaze you,” says Steve Crowder, GuildMaster CEO. “We are ecstatic about the future direction and the new opportunities of our all-new company. Buyers will start to see a number of exciting new marketing, product and operational changes at GuildMaster this fall, as we leverage what GuildMaster has always done well. Next spring the company will introduce a new customization program that is currently unavailable in the industry in order to provide interior designers and specialty retailers a unique opportunity for their businesses.”

GuildMaster is known for its Old World techniques that make an artistic statement, which might be described as casually elegant with a touch of whimsy. Company-owned factories in Indonesia and China produce one-of-a-kind furniture, wall art, accessories, and lighting creations, all individually manufactured by master craftsmen trained in old world techniques.

“We promise we will not stray from the fundamental tenets of design, quality and fun that have built the GuildMaster brand for more than three decades,” Crowder says. “Our products will still be all about creating the WOW factor in every room and with an expanded staff, we are even more committed to the highest level of service.”

“We have weathered 20 months of navigating a raging storm but the storm has passed, the seas are calm, the dawn is breaking and the wind is blowing steadily on our backs,” Crowder adds. “We have the same phenomenal team of retailers, sales representatives, suppliers, employees and management, and we are proud to say that the new GuildMaster is standing in victory today as a stable and energized company.”

About GuildMaster Home Furnishings: GuildMaster Home Furnishings make an artistic statement that is casually elegant with a touch of whimsy. Substantially scaled designs combine casual and formal elements that define GuildMaster furniture, wall art, accessories, and lighting creations. Using authentic Old World techniques, 400 master craftsmen sculpt, carve distress and paint solid mahogany and other high quality hardwoods to create uniquely handcrafted home accents.

A vertically integrated design, sourcing and logistics model enables GuildMaster to quickly identify trends and develop one-of-a-kind, made-to-order products that provide surprising value. This marriage of artful furnishings with the science of a functioning supply chain allows customers to offer distinctive products while minimizing inventories.

Established in 1983, GuildMaster Inc. is committed to creating the finest home furnishings for interior designers and medium to upper-medium retailers across the U.S. For further information, visit www.guildmaster.com.