Ethan Allen Expands into Honduras

Posted by Karen Koenig | Posted: 10/27/2011 11:01AM

 

Ethan Allen DANBURY, CT — Ethan Allen Interiors Inc. announced Oct. 27 that it has acquired a former casegoods manufacturing plant in Honduras. The Honduras facility is 164,000 square feet and is situated on 18 acres of land.

Ethan Allen Chairman and CEO Farooq Kathwari said, "We are pleased that during the last three years we have repositioned many elements of our vertically integrated enterprise. Over the next 12 months we expect this facility to enable us to manage further growth through its support of our existing North American manufacturing operations in Vermont, New Jersey, North Carolina, and Mexico. Our plans are to maintain our existing manufacturing operations in North America supplemented by offshore sourcing plus this new facility in Honduras."

Ethan Allen owns and operates seven manufacturing facilities in North America, including five manufacturing plants and one sawmill in the United States and one manufacturing plant in Mexico. The home furnishings company says approximately 70 percent of its products are made in its United States plants.

Earlier this month, Ethan Allen reported net sales for the third quarter ended Sept. 30 increased 12.2% over the prior year, to $184.9 million. Its Retail division net sales increased 16.7% to $141.2 million, including comparable design center net sales growth of 14.9%. Net income for the quarter was $6.8 million, up from $3.8 million the prior year.

 

About the Author

Karen Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Woodworking Network magazine (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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Stephen Donnelly    
San Antonio  |  November, 01, 2011 at 06:44 AM

And I suppose there was no way EA could have bit the bullet and acquired one of the USA casework/furniture plants that has closed over the past few months? Thanks for the support and vote of confidence in the home market, Honduras is a country with a history of unsafe working, labor exploitation, environmentally unsound practices, 'illegal material use' but cheap enough to ignore theses issues...?

Daryl Jones    
MN  |  November, 01, 2011 at 09:39 AM

Thanks Stephen for your comment regarding this matter, Custom Furniture makers like myself: www.djwoodworks.com. need your support evermore. They have the type of monies to sub-out this work to have all of it "American Made"

Daryl Jones    
MN  |  November, 01, 2011 at 09:41 AM

"Why not have your furniture handmade in America"? Www.djwoodwoks.com

 

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