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Also sold was the Sam Moore division, in February 2007 to Hooker Furniture. La-Z-Boy was still number three, with $1.5 billion in shipments. [11] In November 2006, High Point offered $600,000 to the La-Z-Boy division that was formerly LADD to move its headquarters back. [12] Late in 2006, La-Z-Boy had 7,000 employees, down from 13,000 six years ...
It is the oldest manufacturer of reclining chairs in the U.S. [3] After the company filed for bankruptcy in 2010, it shuttered its facilities in Rocky Mount, North Carolina, and Martinsville, Virginia, then restarted manufacturing at the plant in Morristown, Tennessee, in 2011, for manufacture of the Barcalounger chair. [4]
The design was the same wooden bench recliner found in other designs. Issued in 1928, the patent led to the founding of La-Z-Boy. In 1930, Knabush and Shoemaker patented an upholstered model with a mechanical movement. [5] In 1959, Daniel F. Caldemeyer patented a recliner as owner of National Furniture Mfg. Co based in Evansville, Indiana. [6]
The buildings covered an area of 65,463 sq ft (6,081.7 m 2) or 1.58 acres (0.64 ha), and were put up for sale at a price of $5,299,000. [15] Tom Liddell, Senior VP of Planned Furniture Promotions, with whom the business partnered to sell the buildings, commented the building's proximity to Raleigh presented "tremendous re-development ...
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