7/10/2013 - Summer Classics buys back shares of contract division
Birmingham, Alabama, July 10, 2013, FOR IMMEDIATE RELEASE:
Summer Classics, Inc., one of the leading manufacturers of high quality casual and outdoor furniture in the United States, announced today the purchase and acquisition of the outstanding shares of Summer Classics Contract (SCC) from TBC Investments, LLC. Summer Classics previously owned approximately the remaining 40% of SCC, and will operate SCC as a subsidiary of Summer Classics. The transaction closed in May of 2013. Terms of the transaction are private.
“We will miss the perspective and expertise TBC brought to the table, but are excited about bringing SCC back into the fold.” said Bew White, III, CEO of Summer Classics. Leslie Temples, Sr. Vice President and Deana Ray, Director of Operations and Inside Sales for SCC, will continue to oversee the daily operations of SCC.
A subsidiary of Summer Classics, Inc., Summer Classics Contract markets a tailored line of contract outdoor furniture to the U.S. hospitality, designer, senior and assisted living markets. What Outdoor Furniture Should Be.™
Summer Classics is a premier innovator, manufacturer, and retailer of fine outdoor furniture in the U.S. For over a quarter century, the family owned company has aimed to delight its customers by passionately designing patio furniture from the belief that timeless designs can and will be embraced for years. Life's best moments. Furnished.™