About Magnussen
Magnussen is a company based in New Hamburg (Canada) founded in 1931. It operates as a B2B. Magnussen has completed 2 acquisitions, including Pulaski Furniture and Samuel Lawrence Furniture. Magnussen offers products and services including Bedroom Furniture, Dining Room Furniture, Home Office Furniture, Entertainment Furniture, and Upholstery Furniture. Magnussen operates in a competitive market with competitors including La-Z-Boy, Tommy Bahama, ChopValue, Knoll and Tulikivi, among others.
- Headquarter New Hamburg, Canada
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Sectors
Consumer
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Phone
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Website
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- Legal Name Magnussen Home Furnishings Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Pulaski Furniture
& 1 more
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Products & Services of Magnussen
Magnussen offers a comprehensive portfolio of products and services, including Bedroom Furniture, Dining Room Furniture, Home Office Furniture, Entertainment Furniture, and Upholstery Furniture. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Wholesale bedroom sets and items for home use
Wholesale dining tables, chairs, and related pieces
Wholesale desks and office items for workspaces
Wholesale cabinets and units for media storage
Wholesale sofas and seating for living spaces
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Funding Insights of Magnussen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Magnussen
Magnussen has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Pulaski Furniture and Samuel Lawrence Furniture. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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2016 | ||||
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home furniture is designed and manufactured for residential use.
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2004 | ||||
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Residential furniture is manufactured for bedrooms, dining rooms, and accents.
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1955 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magnussen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magnussen Comparisons
Competitors of Magnussen
Magnussen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as La-Z-Boy, Tommy Bahama, ChopValue, Knoll and Tulikivi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Home furniture is manufactured and retailed by La-Z-Boy.
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| domain | founded_year | HQ Location |
Men's and women's apparel, beachwear, and home goods are retailed.
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| domain | founded_year | HQ Location |
Multi-category home improvement products are retailed online from recycled chopsticks.
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| domain | founded_year | HQ Location |
Modern furniture for homes and offices is designed and manufactured.
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| domain | founded_year | HQ Location |
Fireplaces and heaters are produced as Tulikivi's private label brand.
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| domain | founded_year | HQ Location |
Home furnishing products are offered by Bouclair across multiple categories.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magnussen
Frequently Asked Questions about Magnussen
When was Magnussen founded?
Magnussen was founded in 1931.
Where is Magnussen located?
Magnussen is headquartered in New Hamburg, Canada. It is registered at New Hamburg, Ontario, Canada.
What does Magnussen do?
Magnussen Home Furnishings Ltd is a wholesale furniture company specializing in products like bedroom sets, dining room items, and home office furniture. They operate through locations in Canada, the US, and Asia, focusing on distribution to dealers and retailers. The company emphasizes quality and compliance, offering support via their website and contact options for inquiries.
Who are the top competitors of Magnussen?
What products or services does Magnussen offer?
Magnussen offers Bedroom Furniture, Dining Room Furniture, Home Office Furniture, Entertainment Furniture, and Upholstery Furniture.
How many acquisitions has Magnussen made?
Magnussen has made 2 acquisitions, including Pulaski Furniture, and Samuel Lawrence Furniture.
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