Target has bought Walsh Bros. and US Business Interiors, in a move to expand its interiors business.
Minneapolis-based Target (NYSE: TGT) bought the two Phoenix-based commercial interiors businesses for an undisclosed sum.
Jessica Hauser, Target spokeswoman, said the company will rebrand the two operations. Showrooms will focus on home offices, small offices and design services for business interiors. “We feel their experience and reputation in the Valley were a big factor in the acquisitions,” she said.
According to a press release, the purchase will allow Target to focus in on its Target Commercial Interior operations and open up the Southwest market.
As part of these acquisitions, Target Commercial Interiors will be expanding its partnership with Steelcase, a global player in the office furniture industry, executives said.
Source: The Business Journal