Home Essentials Acquires Las Trebedes, Spain's Largest Furniture Rental Company
Date: Feb 17, 2005
Contact: Patricia Coate
Coate & Associates
415-309-2231
patricia@coateconsulting.com
Hong Kong, FEBRUARY 17, 2005 - Hong Kong based, Home Essentials, the largest furniture rental company outside the US, announced it has acquired Las Trebedes, Spain's leading and largest furniture rental company with locations in Madrid and Barcelona.
This acquisition marks another milestone for Home Essentials, which began operations in 1997 in Singapore. With its entrée into Europe, Home Essentials possesses the capability to assist customers all across Eurasia. Madrid and Barcelona compliment a growing list of locations including Hong Kong, Singapore, Dubai, Baghdad, Kabul, Tokyo, and Kuala Lumpur.
"Their adherence to the same standards of providing exceptional customer service made Las Trebedes a perfect match for us," said Chris Exline, founder and CEO of Home Essentials. "The owner of Elsa Wohler Hernandez is to be commended for assembling a team of professionals singularly focused on addressing customer needs with the highest quality available."
"A critical component of the acquisition was that the team remain with the company and I am honored that all of them have agreed to stay," he added. "As the acquisition is completed, we intend to lower the pricing and expand the product line – a capability our buying power uniquely affords us. And since both Home Essentials and Las Trebedes serve many of the same clients, all of them have voiced their enthusiasm for the acquisition."
Las Trebedes is a 18-year-old company serving a long list of clients throughout Europe, including British Petroleum, Inmoseguros, Barclays Bank, Hewlett Packard, Lucent Technologies, British Embassy, Nortel Networks, and Ericsson, among others.
About Home Essentials
Founded in 1997, Home Essentials is the largest furniture rental company outside the US. The company has offices in Hong Kong, Singapore, Dubai, Kuala Lumpur, Kabul, and Baghdad. Home Essentials provides furniture leasing and sales to meet the furnishing needs of expatriates, landlords, developers and service apartment operators worldwide.