NOVACAP has acquired a stake in Owen & Company Limited, dba Kingsdown Canada, a leading mattress manufacturer. Financial terms of the transaction were not disclosed.
Vaughan, Ontario based Owen & Company was founded in 1995 by Hugh Owen, daughter Natlie, son-in-law Michael James, and Cindy Anisman.
Kingsdown Canada manufactures and sells luxury hand-crafted mattresses to national furniture retailers, department stores, independent specialty businesses and hotel chains throughout North America.
Kingsdown Canada operates out of three manufacturing facilities strategically located across Canada in Toronto, Calgary and Vancouver. Kingsdown Canada manufactures both branded and private label products, all of which are made in Canada.
“We are very excited to be partnering with NOVACAP”, said Michael James, President and CEO of Kingsdown Canada. “We selected them because of their operational expertise and successful track record. We believe that the Novacap team will provide invaluable support to our company as we enter our next stage of growth.”
“Kingsdown is a Canadian success story and represents many of the elements we look for in an investment, including partnering with a proven management team and investing in companies with tremendous growth potential. We look forward to working with the team to drive the Company’s growth within its existing markets as well as its expansion into new markets,” added Marc Paiement, Senior Partner at Novacap.
photo credit: Kingsdown Canada