MONROE, Mich. La-Z-Boy Inc. said yesterday it has sold a
unit of its Englander sleep products brand to a private company
that had been licensing the name.
No terms were disclosed, but La-Z-Boy said it expected to see
a gain, which would be reflected in its fiscal second quarter
results. The unit was sold to Englander Sleep Products LLC.
The Michigan furniture maker said that Englander produces
bedding and was a very small and profi table part of its business,
but not part of its core focus.