STONEVILLE, N.C. - Southern Finishing, a maker of furniture and cabinet components, will invest $1.48 million at its North Carolina facility and add 54 jobs over the next five years.
$659,000 of the investment will go toward net new taxable machinery, equipment and building renovations by the end of 2018. The remaining $821,000 will go toward more machinery by the end of 2019. Southern Finishing has agreed to create and maintain 28 new full-time positions by the end of 2018. They have also agreed to 26 additional jobs by the end of 2019. Average annual wages for the new jobs will be $31,000 with medical benefits.
County and town officials have agreed to distribute a total incentive package of $45,660 in return.
“I’m excited to announce the expansion of one our existing industries,” said Jan Critz-Yokely, director of the Rockingham County Center for Economic Development, Small Business & Tourism. “Southern Finishing has been a valuable employer and community supporter for 40 years now. We appreciate the company’s dedication to Stoneville and Rockingham County.”
The company employs 161 across four North Carolina facilities, and 350 total at its other locations in Virginia and Arizona. Southern Finishing supplies mouldings, panels, doors, and other accessories to leading cabinet firms like American Woodmark, Marsh Furniture, Armstrong Cabinets, Quality Cabinets and Thomasville Furniture.
Founded in 1978, Southern Finishing Co. says it has earned recognition for its finishing expertise, while providing wood components for large OEM, semi-custom, custom, and furniture producers. Headquartered in Stoneville, North Carolina, with plants also in Martinsville, Virginia, the company specializes in prefinished mouldings and accessories, including corbels, medallions, legs and posts, and can also provide custom specified color matches. Thousands of prefinished components are produced for the cabinet industry with an average three- to five-day turnaround.
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