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Tag Archives: furniture

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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Furnituremaker files for bankruptcy, to lay off nearly 1,500 workers

NORTHEAST MISSISSIPPI — A financially troubled St. Louis, Mo., furniture company that operates several facilities in Mississippi is filing for Chapter 11 bankruptcy and is set to lay off its 1,451-person workforce in the state. Furniture Brands International designs, manufactures and markets furniture under a variety of notable brand names, including Broyhill and Thomasville. Its Lane Furniture division operates manufacturing ...

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Furniture Brands to lay off 1,400 in Mississippi, files for Chapter 11 bankruptcy

Several sources have told the Northeast Mississippi Daily Journal that Furniture Brands International has notified the state that it expects to lay off up to 1,451 people at its facilities in Mississippi. Those facilities would be Lane Furniture, which has manufacturing plants in Belden and Saltillo, as well as an office and distribution center in Verona and another distribution center ...

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Furniture Market gets state money; earmarked for recruitment

TUPELO — The Tupelo Furniture Market is receiving $250,000 from the state to market the biannual show. The 2013 Legislature approved the funding. The money will come from the Forest and Wildlife Research Center at the state College Board. The market has not gotten any state money for the past two years. Furniture market president Kevin Seddon tells the Northeast ...

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