At a Glance:
- Co-founder Demi Lloyd purchased the remaining stock of Demdaco from Dave Kiersznowski.
- The ownership transition was completed last week, making Lloyd the sole owner of Demdaco headquartered in Leawood, Kansas.
- Demdaco remains debt-free following the transaction and plans to invest in growth and innovation.
Demdaco, a wholesale gift and home décor company known for its mission to “lift the spirit,” announced on LinkedIn that co-founder Demi Lloyd has purchased the remaining stock of the company from fellow co-founder Dave Kiersznowski, leading to a transition of ownership.
The transaction, completed last week, makes Lloyd the sole owner of Demdaco and its headquarters in Leawood, Kas. The company confirmed that the purchase was completed with no personal or company debt, and Demdaco remains debt-free.
“This transition reflects my deep belief in what we do at Demdaco and my excitement to invest further in our future,” said Lloyd. “I am filled with gratitude, energy, and optimism about what lies ahead.”
Founded in the early days as a buying agency in Hong Kong, Demdaco has grown over nearly three decades into a respected creative force within the gift industry – recognized for meaningful product storytelling, strong retail partnerships, and a culture of generosity…