Stanley Furniture sales fell 20 percent to $12.1 million including as the $1 million quarterly in Chinese anti-dumping duties ended. A troubled Vietnam factory startup also hampered results.
“Stanley is an iconic company in the furniture industry dating to 1924 with a history of excellence," said Blocker. "We are proud to have entered into an agreement to acquire the Stanley business and look forward to building on the company’s great past following the transaction closing.”
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