Monday, Sep 26, 2016
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Economy

La-Z-Boy sells business unit

La-Z-Boy-sells-business-unit

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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.

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