BAY MINETTE, Ala. - Standard Furniture announced it will cease manufacturing laminated casegoods at its Bay Minette, Alabama, location "on or about" March 31. The product line represents less than 6 percent of its annual revenue, the home furnishings provider stated.
Standard Furniture also said it will relocate its home accessories and warehousing operations from Frisco City, Alabama, to the Bay Minette location.
Approximately 185 jobs will be eliminated as a result.
"This product line never recovered from the recession," said CEO Todd Evans. "During this time, the price of bedroom products deflated significantly including massive reductions in ocean freight, which put our products in direct competition with a broad assortment of import wooden bedrooms that carry a higher perceived value."
Unlike with the casegoods line, Standard Furniture said it is "experiencing significant growth in its primary businesses, including expanded domestic upholstered furniture production at its Albany Industries affiliate with increases in capacity at the New Albany and Pontotoc, Mississippi, locations, three new production lines in Galax,Virginia, and relocation of the Tampa, Florida, location."
Corporate headquarters will remain at the Bay Minette location, which includes more than 1 million square feet of warehouse space and supports its international furniture design, import and distribution business. The company has more than 1,500 employees worldwide at six manufacturing facilities, three distribution centers and six sales operations and customer service offices.
Founded in 1946, Standard Furniture Manufacturing is a designer, manufacturer and distributor of residential furniture, including: occasional tables, dining tables, chairs, bedroom furniture, stationary upholstery, motion upholstery, youth and accessories. Its brands include Standard Furniture, Albany, Standard Living, and Sofab.
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