Fisher Home Goods, which has been a fixture in the home decor industry for decades, is getting a $2.6 billion deal with Holley Home Furnishes.
The deal, announced Thursday by the Holley family, includes a 50 percent stake in Fisher Home.
It will allow the companies to continue operating as a separate entity.
The sale was approved by the New York State Securities Exchange Commission in March.
“Fisher Home has an excellent reputation and a passionate following,” said Holley Chief Executive Officer Robert Fisher in a statement.
“We are proud of our work and know we have a great opportunity to continue to be a leader in the industry and to expand the brands of the brands we own.”
The deal also gives Holley the right to acquire other brands and develop new brands.
The companies have been in a long-term partnership with Holly for more than 30 years.
The transaction was announced in a news release from Holley and Fisher Home that also included the following statements from Fisher: “In an era of growing consumer demand for home furnishments and appliances, Fisher Home is committed to offering the most innovative home décor and home furnishess products to help families live their best lives.
Holley, as the leading provider of home furnishables and home décolleté products, is proud to announce our purchase of Fisher Home,” Holley said in the statement.
Fisher, which is owned by the family of the late actor and director Richard Gere, is a specialty home furnishing company that sells a broad range of home décontrations, kitchen appliances and home entertainment products, including home decor, furnishings and furnishings-related items.
For more information on the Fisher Home deal, read: Fishers Home Gets Deal with Holley Home Furnishments For More Information on Fisher Home Deal, click here