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Tag Archives: furniture

Sawtimber, pulpwood markets improving, but challenges remain

ACROSS MISSISSIPPI — Markets for Mississippi’s sawtimber and pulpwood are bouncing back from the economic recession, but the industry is not improving across the board. “Slowly but surely, markets for sawtimber are beginning to grow again after the sharp declines seen after the collapse of the U.S. housing market and the ensuing recession,” said James Henderson, associate Extension professor of ...

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Organizers high on spring furniture trade show

TUPELO — The Spring Tupelo Furniture Market opens Thursday with organizer saying that preregistration numbers up nearly 30 percent and available space is 99 percent filled. The biannual furniture industry trade show ends Sunday. Market president Kevin Seddon tells the Northeast Mississippi Daily Journal if the weather cooperates and if the early numbers hold up, the spring market could be ...

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Heritage Home closing furniture plants

SALTILLO — Heritage Home Group, LLC said yesterday that it will close furniture plants in Saltillo and Thomasville, N.C., as part of a post-bankruptcy restructuring. Heritage told the Mississippi Department of Employment Security that it would cut 480 jobs in Saltillo by March 21. The plant near Tupelo makes upholstered reclining furniture under the Lane name. Heritage told the North ...

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Organizers gearing up for first-ever furniture show

TUNICA — The inaugural Tunica Furniture Market in January will be held in January and its organizer says about 40 companies are expected to participate. “Despite a lot of doubts and people calling me crazy, the Tunica Furniture Market is happening,” organizer Scott Morton told the Northeast Mississippi Daily Journal. Morton proposed earlier this year the hosting of a furniture ...

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Industrial Timber expanding plants in two cities

SHANNON and RIPLEY — Industrial Timber, a manufacturer of wood furniture frames, is expanding operations at its facilities in Shannon and Ripley. The company announced that the expansions represent a $1.5-million corporate investment and will create 80 new jobs. Industrial Timber says it is adding a new manufacturing line at both facilities to meet the needs of Jackson Furniture, a ...

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Parent company shutting down trucking firm

TUPELO — Action Transport trucks have been moving Lane Furniture merchandise for more than 40 years. That ends tomorrow. Parent company Furniture Brands International is closing down Action. Anton Nicholas of ICR, a financial communications company representing Furniture Brands, tells the Northeast Mississippi Daily Journal that the company will now use Missoula, Mont.-based Watkins & Shepard Trucking. Nicholas says Furniture ...

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Chromcraft Revington sells to Colorado company

SENATOBIA — Sport-Haley Holdings has completed its $3.45 million purchase of furniture maker Chromcraft Revington. The company, which is based in West Lafayette, Ind., has a factory in Senatobia. Apparel maker Sport-Haley of Denver paid $2.7 million, and has promised to pay another $750,000 when Chromcraft’s plant in Delphi, Ind., is sold or mortgaged, or 180 days after the merger ...

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Furniture manufacturer being purchased by Denver-based company

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 ...

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Lane Furniture back in play with latest bids … 1,400 jobs could still be saved

By Dennis Seid Furniture Brands International will be in bankruptcy court in Delaware on Wednesday, as a judge will consider several motions. Among them: Oaktree Capital Management‘s larger bid for the company and its assets – including Lane. After filing for Chapter 11 bankruptcy protection on Sept. 9, Furniture Brands had said it favored a bid by Oaktree for $166 million, ...

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Fire forces Alabama company to relocate plant to state

PLANTERSVILLE — A mattress maker will relocate its operations to a vacant facility near Tupelo after lightning sparked a fire that destroyed its Double Springs, Ala., factory. Posturecraft Mattress Co. will open a plant in the former location of National Mattress Co. in Plantersville, with plans to hire 125 to 150 people, state Rep. Steve Holland says. The company will ...

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