Tag Archives | Drexel Heritage

United Furniture buys former Lane plant for $1.45M

By Dennis Seid Daily Journal United Furniture Industries was the winning bidder for the former Lane Furniture Industries plant in Verona. United offered $1.45 million for the 475,000-square-foot facility. United Furniture Industries and McCormick Drive LLC had bid on the facility, which was a former office and warehouse for Lane. Earlier this year, Heritage Home […]

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Lane Furniture’s Verona facility up for auction

By Dennis Seid Daily Journal Lane Furniture finished laying off nearly 500 workers at its Saltillo plant last week, and its parent company announced Thursday it was putting Lane’s Verona location on the auction block. Heritage Home Group – the umbrella company for Lane, Broyhill, Thomasville, Drexel Heritage, Maitland Smith and other furniture companies that […]

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Ex-Lane employees: We want to work!

TUPELO – For some laid-off and soon-to-be laid off employees of Lane Furniture Industries, shock and disappointment have given way to some hope. At least for a few. Last month, Lane’s parent company stunned the employees at Lane’s Saltillo plant, announcing it would be closed by March 21. Heritage Home Group said “business circumstances” forced […]

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Furniture Brands wraps up operations

Daily Journal What remains of bankrupt Furniture Brands International will be overseen by a former officer of the company. Last week, Furniture Brands completed the sale of most of its assets to KPS Capital Partners for $280 million. In the sale on Nov. 25, KPS got Lane, Broyhill, Thomasville, Drexel Heritage, Maitland-Smith, Henredon, Hickory Chair, […]

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