Stelvio Gugliemi, left, of Theodore Alexander
and Buddy Sherrill
Furniture sign papers giving Sherrill an ownership stake in the Vietnam-based company.
Since Theodore Alexander's founding in 1996, Sherrill
has been the sole distributor of the company's product in the United States, a market that represents approximately 70% of TA's $60 million in global sales.
is becoming a financial partner in what we believe to be the best company operating in Asia," said Buddy Sherrill
owner and CEO.
The deal doesn't represent a major shift in production strategies for Sherrill
, a point Sherrill and Adams