SENATORBIA, MS - Chromcraft Revington is closing its final U.S. manufacturing plant one month after consolidating its Indiana operations into the plant, according to the Democrat.
The newspaper cited multiple sources confirming that the plant will shut down within 30 days. The newspaper had recently reported that Chromcraft Revington was falling behind on utility bill payments to the city.
Multiple sources have confirmed that after over 50 years in Senatobia, Chromcraft is closing its doors.
Chromcraft Revington, a manufacturer and importer of residential and contract furniture, was purchased last November by Sport-Haley Holdings Inc. for $3.45 million.
In an April 17 announcement, Samuel Kidston, chairman and CEO of Sport-Haley, said the consolidation would help re-position Chromcraft Revington for future profitability. "Over the past six months, we have made tremendous progress toward building a leaner, more focused and effective operating platform at Chromcraft," Kidston said. "We believe these actions will position Chromcraft to achieve gross margins in line with industry norms by the end of 2014 and in the longer-term, achieve profitability in fiscal 2015."
Efforts by Woodworking Network to contact Sport-Haley Holdings for comment were unsuccessful.
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