Loading…
Wednesday, November 26, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Saturday, 4/30/2005

La-Z-Boy Inc. completes sale of furniture unit

MONROE, Mich. - Furniture maker La-Z-Boy Inc. said yesterday it has completed the sale of its contract furniture unit to Best Home Furnishings Inc., a family owned company in Ferdinand, Ind. Terms of the sale, which were initiated by Best Home, were not immediately announced.

Mark Stegeman, La-Z-Boy treasurer, said the contract unit makes furniture, primarily chairs, used by the office building market and the health care industry. Best Home is acquiring La-Z-Boy's plant in Leland, Miss., which employs 240 workers, and the move also affects between 25 and 30 salaried employees at La-Z-Boy's headquarters in Monroe.

The sold unit, which La-Z-Boy has operated since 1971, was not part of the company's core industry, residential furniture, and had never generated large revenues for the firm, Mr. Stegeman said.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Points of Interest








Poll