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RTA manufacturer Bestar takes over Bush Industries

31.01.2020 − 

The flat-pack furniture manufacturer Bestar controlled by Canadian Investissements Novacap and Brossard has taken over Bush Industries, which operates in similar market segments. According to information from Novacap, the company arising from the transaction will have approximately 600 employees, 200 of them working in Canada, and generate consolidated annual sales revenue of around 260m CAD, roughly equivalent to 200m US$. The headquarters of the new company Bestar-Bush will be located at the existing Bestar facility in Sherbrooke, Quebec. CEO is Michael Evans, who had previously held the same post at Bush Industries. In the course of the transaction, the investment companies Desjardins Capital and Fonds de solidarité FTQ have also acquired stakes in Bestar-Bush as minority partners.

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