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Haworth acquires Tayco in strategic investment

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Photos: Woodworking
At Tayco's manufacturing facility in Toronto earlier this year.



 
Haworth, a leading global manufacturer of commercial furniture and interior solutions, has announced it has acquired a majority shareholding in Tayco, a Toronto-based manufacturer of office furniture and casegoods.
The partnership adds Tayco’s world-class manufacturing capabilities to Haworth’s global network and expands the product portfolio available to dealers and customers across North America.
Tayco is recognized across the industry for exceptional efficiency and deep expertise across office furniture, work systems, storage, casegoods, tables and seating. The company already serves a significant customer base in the United States through an established dealer network. Under the partnership, Haworth dealers will also be able to sell Tayco products, broadening their offerings to clients.
“Tayco has spent 50 years building world-class manufacturing expertise. Bringing that capability into our network means more product options, more manufacturing flexibility and a stronger competitive position for our dealers and their clients,” said Franco Bianchi, president and CEO, Haworth.
Tayco will continue to operate independently under the leadership of Bill Melnik and its senior management team, maintaining the same team, business model and open-line approach to the market. Existing customers and dealer partners can expect full continuity in products, services, programs and relationships.



“Over 50 years, we’ve built world-class expertise in furniture and casegoods manufacturing, skills and efficiency our team is excited to bring to Haworth’s global network,” said Bill Melnik, president, Tayco. “This partnership allows us to invest for the long term and bring our products to more customers around the world.”
Haworth believes great spaces empower people to thrive and work their best. As a leading global furniture maker, the company partners with customers, dealers and influencers to create spaces that result in effective people and efficient real estate. Haworth’s customer-first approach comes from an entrepreneurial spirit, design-forward thinking and multicultural perspectives. Founded in 1948, Haworth is a privately-owned company operating in more than 150 countries through a global network of 400 dealers and 8,000 employees. Headquartered in Holland, Michigan, U.S.A., the company has sales of $2.57 billion USD.
Founded in 1976, Tayco is a Canadian manufacturer specializing in commercial office furniture. For nearly 50 years, Tayco has partnered closely with architects, designers and dealers to create flexible, well-crafted workplace solutions that support the changing nature of work. Guided by a progressive, forward-thinking approach, Tayco places strong emphasis on team member culture, safety and delivering an exemplary customer experience. With a commitment to thoughtful design, responsible manufacturing and on-time delivery, Tayco creates long-term value for its dealer partners, satisfied end users and engaged team members.

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