Fab.com Acquires One Nordic Furniture Company

Jun 18, 2014 3:47 PM  By

Fab.com, a U.S.-based ecommerce retailer, announced it is acquiring One Nordic Furniture Company, which is based in Finland and Sweden, according to a press release.

The acquisition is part of a long-term strategic plan that was laid out last fall. The company boasts great success with its recent private label initiatives and customized furniture launches. The acquisition is the next step in pursuing the plan.

“Design is at the center of Fab and has been since day one,” said Fab CEO Jason Goldberg in the press release. “Teaming up with one One Nordic adds incredible talent to our design bench and brings us ever closer to our suppliers and manufacturers. We are excited about the design collaboration to come.”

The acquisition is a combination of cash and stock valued in the tens of millions of dollars. The One Nordic team will own 5% of the combined company with the finalization of the transaction.