Crowdfunding Saves Company; Acquisition Of Solid Furniture Maker Also Occurs

Share this...

Keystone Collections, a solid wood furniture maker in Myerstown, PA, has been acquired by Taunton, MAbased Wyrmwood, which manufactures wooden gaming tables.

According to a statement by the company, Keystone transforms North American lumber, including Cherry and Maple as noted on its website, into solid Hardwood furniture.

Wyrmwood not only acquired Keystone this year but is possibly responsible for one of 2020’s most successful Kickstarter campaigns that saved this company during COVID. Wyrmwood Gaming’s Modular Gaming Table, made from either Cherry, Maple or Black Walnut, as well as a selection of imported woods, at presstime was considered the second-most funded tabletop gaming item of 2020.

According to published reports, the Kickstarter campaign raised more than $8.4 million from a goal of just $1 million.

Wyrmwood started the campaign after COVID closures resulted in workforce layoffs in March. CEO of Wyrmwood, Douglas Costello, took to YouTube to document telling his employees about the layoffs, followed by another YouTube episode in which he and a skeleton crew worked remotely to keep some projects moving.

The result of utilizing social media? Wyrmwood received thousands of pre-orders for its modular tables and according to a company spokeswoman, the firm was able to re-hire all of its approximately 70 employees. Learn more about these two companies at www.keystonecol lections.com and www.wyrm.com.

By Miller Wood Trade Publications

The premier online information source for the forest products industry since 1927.

Share This
Related Articles
National Hardwood Magazine
Tom Inman

ALC Receives Workforce Training

Workforce training opportunities for hardwood sawmills and distribution yards are expanding in western North Carolina. Haywood Community College (HCC) in Waynesville, NC, has offered forestry

Read More »
National Hardwood Magazine
Miller Wood Trade Publications

Lake States Business Trends

Across the Lake States region sources that were contacted noted that while their sales were down overall from where they were six months that they

Read More »