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Texas firm buys Goose Creek lighting company

Creative Industries
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Quoizel company President Rick Seidman will continue in his role. (Photo/Clemson University)A decorative lighting designer and manufacturer with headquarters in Goose Creek now has new ownership, the company said in a news release.

NBG Home, an Austin, Texas-based home decor product company, acquired Quoizel for an undisclosed amount.

Quoizel was founded in the Lowcountry in 1930. Its headquarters and team will remain at 6 Corporate Parkway in Goose Creek, and company President Rick Seidman will continue in his role. No layoffs are planned.

The acquisition enables Quoizel to “enhance our capabilities and expand distribution points across North America and Europe,” Seidman said in the release.

NBG CEO Scott Slater said the company was attracted to Quoizel’s sales and design teams’ capabilities.

NBG Home sells lighting, accent furniture, soft goods, wall décor, frames and other home goods under brands such as Pinnacle, Jimco, Patton, Plantation Patterns and THRO. This is NBG’s second acquisition in less than two years under the ownership of Sycamore Partners, a private equity firm based in New York.

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January 10, 2019

How many times have we seen this before? The new company keeps on the old CEO for a year and promises no layoffs in that time. After that, all bets are off, and more often than not, the whole enterprise shuts down.