On Sept. 26, GuildMaster officially emerged from Chapter 11 as a private company. Management and a small group of investors have purchased the company and committed more than $1,000,000 of capital that will propel it in a new direction.
A judge in the U.S. Bankruptcy Court for the Western District of Missouri in Springfield approved the reorganization plan, which had already been accepted by the shareholders and creditors.
“Today, we officially have launched an extreme makeover of GuildMaster that will absolutely amaze you,” says Steve Crowder, GuildMaster CEO. “We are ecstatic about the future direction and the new opportunities of our all-new company. Buyers will start to see a number of exciting new marketing, product and operational changes at GuildMaster this fall, as we leverage what GuildMaster has always done well. Next spring the company will introduce a new customization program that is currently unavailable in the industry in order to provide interior designers and specialty retailers a unique opportunity for their businesses.”
GuildMaster is known for its Old World techniques that make an artistic statement. Company-owned factories in Indonesia and China produce one-of-a-kind furniture, wall art, accessories, and lighting creations, all individually manufactured by master craftsmen trained in Old World techniques.
“We promise we will not stray from the fundamental tenets of design, quality and fun that have built the GuildMaster brand for more than three decades,” Crowder says. “Our products will still be all about creating the 'wow' factor in every room and with an expanded staff, we are even more committed to the highest level of service."