The Lane furniture brand is being sold from one company to another.
United Furniture Industries Inc. says it will buy Lane from Heritage Home Group LLC.
The two companies announced the sale in a news release Tuesday without disclosing the price.
United Furniture President Larry George says the purchase includes the global rights to the Lane brand, a 750,000-square-foot manufacturing facility in Belden, Mississippi, and Lane’s 202,000-square-foot Royal Development recliner mechanism facility in High Point, North Carolina.
United Furniture employs about 3,500 people with manufacturing sites in Nettleton, Tupelo, Okolona, Hatley, Sherman, Vardaman and Amory, Mississippi; Archdale, High Point, Lexington and Winston-Salem, North Carolina; and Victorville, California.
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