Over 154 Years of Service to the Furniture Industry
 Furniture World Logo

Founding Families Reacquire Stylus, Made to Order Sofas

Furniture World Magazine

on

The founding families of upholstered seating specialist, Stylus, Made to Order Sofas announced that they have completed the repurchase of Stylus’ assets from Terravest Industries. The repurchase comes 5 years after Terravest purchased an 80% equity position in Stylus.

President Rick Ripoli offers, “We are extremely excited by the prospect of returning to our original structure. We believe the agility provided by a closely held, private company will best allow Stylus to take advantage of the opportunities  available.” He adds, “While Stylus’ involvement in Terravest has been mutually beneficial we feel a less structured atmosphere will allow Stylus’ management team to create a more collaborative environment. Further, the family values that have guided our business will once again return to the forefront.”

The new parent company, Stylus Sofas Inc, is a wholly owned corporation by Stylus’s current senior executives, Rick Ripoli, Dennis Ripoli & Derek Barichello. This will allow for a nearly seamless exchange that will not interrupt Stylus’ business.

About Stylus, Made to Order Sofas Stylus, Made to Order Sofas is a leader in fashion forward, custom order fabric upholstery and a distributor of imported leather upholstery. Established in 1959, Stylus has grown to be one of Canada’s largest upholstery resources selling through a network of independent retailers in Canada and the United States. Stylus operates out of a 90,000 sq ft manufacturing facility and 60,000 sq ft distribution center in Burnaby, BC Canada.