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.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.