Flexsteel auctioning assets from its shuttered Dublin plant

DUBUQUE, Iowa — Auction house Heritage Global Partners, in partnership with Integra Asset Solutions, announced that they were conducting an online auction featuring woodworking and furniture manufacturing equipment from Flexsteel Industries' Dublin, Georgia, plant that was closed earlier this year.

Bidding will take place online with lots starting to close at 10:00 a.m. (EDT) on May 21, 2024. Interested parties should register to participate through the auction website. Prospective bidders can preview the equipment on May 20, 2024, from 8:00 a.m. – 4:00 p.m. (ET). Available equipment includes:

  • Routers: Featuring renowned brands like KOMO, including the KOMO VR 510 Mach X and the KOMO HS 1605.
    Fabric Cutters: Offering precision and efficiency with Gerber DCS-3500 and GTXL CE models.
  • Material Handling & Vehicles: A range of forklifts, trucks, and trailers, including brands like Hyster, Columbia, and International.
    Sewing Machines: Over 30 Durkopp Adler 867-190322m sewing machines are available.
  • Compressors: Essential for various manufacturing processes, including models from Spencer, Hoffman, Ingersoll, and Gardner Denver.

On Feb. 9, 154 Flexsteel employees at the Dublin, Georgia, furniture factory were laid off. Flexsteel, the Dubuque, Iowa-based company filed a WARN notice with the Georgia Department of Labor notice advising that 154 employees will be out of a job as of the Feb. 9 date.

The Laurens County Development Authority reported that Flexsteel employed roughly 330 people in the county.

The FDMC 300 listed company, ranking #28, said that they'll be closing their Dublin plant by the end of the company's 4th quarter in an effort "to optimize its North American manufacturing network."

The announcement was made as they reported second-quarter financial results. The company reported net sales of $100.1 million for the second quarter compared to net sales of $93.1 million in the prior year's quarter, an increase of $7.0 million, or 7.5%.

Flexsteel estimates that closing the facility will save the company $4 million to $4.5 million each year. The company has allocated between $2.5 million to $3.2 million for employee separations, along with around $500,000 to $700,000 in other expenses.

Then, the company's plant at 701 Industrial Blvd in Dublin will go up for sale. Local reports stated that Flexsteel's plant is valued at $4.4 million.


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Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).