URUMQUI, CHINA – Markor International Furniture Co. Ltd. has purchased the assets of Schnadig Corp. of Des Plaines, IL.
Markor said the acquisition includes Schnadig’s assumed liabilities, inventory, accounts receivable, brand names, and sales and supply channels.
In a press release, Markor noted, “Schnaidg Corporation, as a leading designer, merchandiser and distributor of upholstered and wood furniture with 56-year history, has enjoyed a well-known reputation for its fashionable, elegant products and excellent services to the customers. Through this transaction, Markor Co. can better take advantages of its own manufacturing, development, marketing and service strengths. Combined with Schnadig name brand, good reputation, and its marketing channels in North America, South America, Mid-east and Asia, as well as its high-taste design capabilities, Markor Co. expects to better leverage its core competitiveness and profitability and bring more dynamics to its current furniture manufacturing and exporting business.”
Read more about Markor's purchase of Schnadig.
Have something to say? Share your thoughts with us in the comments below.