Furniture manufacturer being purchased by Denver-based company
Published: October 2,2013
SENATOBIA — Furniture maker Chromcraft Revington Inc. is being sold for $3.45 million.
The company, which is based in West Lafayette, Ind., and has a factory in Senatobia, has agreed to merge with Denver-based apparel maker Sport-Haley Holdings.
Sport-Haley would pay $2.7 million when the deal closes. It would pay another $750,000 when Chromcraft’s plant in Delphi, Ind., is sold or mortgaged, or 180 days after the merger is complete, whichever is earlier.
The stockholders of Chromcraft, whose shares trade over the counter following their delisting from the former American Stock Exchange, must approve the deal. It’s expected to close before the end of the year.
Chromcraft’s managers attempted to buy the company earlier this year, but were unsuccessful.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Judge intends to rule on McDaniel's challenge before general election
- Oxford’s FNC getting new headquarters
- (UPDATE) I-20 partially closed as vehicle carrying hazardous materials burns
- Coast family wins $644K in tideland lawsuit against state
- QUIRKY? NO, JERKY — Whatever your craving, Beef Jerky Outlets likely has the flavor among 200+ choices
- Officials set hunting dates for birds; expands dove season by 20 days
- Corps official: River needs larger ports, locks and dams
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium
- Community Bank, Pinnacle Trust ink new agreement