Chromcraft Revington is up for sale. A July 17 statement by Sport-Haley Holdings said it is actively seeking a buyer for the residential furniture supplier.
Sport-Haley Holdings, Inc. provided an update on the status of the Chromcraft Revington transition. Chromcraft Revington designs, manufactures and imports residential and commercial furniture marketed primarily in the U.S.
Chromcraft Revington's furniture operations have been consolidated to Senatobia, MS. Restructuring efforts include the divesting of CRC's Executive Office Concepts business segments.
Chromcraft Revington, Inc. furniture (OTC Pink Marketplace: CRCV) on September 30, 2013, entered into an Agreement and Plan of Merger with Sport-Haley Holdings, Inc. (OTC Pink Marketplace: SPOR) for the sale of the residential furnishings manufacturer.
More foreign investors are finding the production cost advantages in their homelands is less valuable than being directly attached to the world’s greatest consumer market.