La-Z-Boy Inc. will sell upholstered furniture maker Bauhaus USA Inc. to an investor group led by Britt Allred, president of Bauhaus. The sale is expected to close in the fourth quarter. La-Z-Boy acquired Bauhaus for $60 million in 1999.
Lectra opened a new International Advanced Technology Center(IATC) to service upholstered furniture manufacturers, as well as other industries that use fabrics, leather, technical textiles and composite materials.
Furniture frame manufacturer Industrial Timber announced it is expanding operations in Mississippi to help supply Jackson Furniture's needs. The expansions represent a $1.5 million investment and will create 80 new jobs.
Industrial Timber, manufacturer of wood furniture frames, announced it is expanding operations in Mississippi. The expansions represent a $1.5 million investment and will create 80 new jobs.
Strong demand from upholstered furniture plants keep frame stock prices firm. Chinese buyers are back in the market and wholesalers expect kiln-dried lumber supplies to be tight.
By Andy Johnson