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In 1963, it was reported that Channel Lumber had seven locations, all in New Jersey. [5] By late 1975, the chain had 24 locations, 22 of which were in New Jersey. [1] W. R. Grace and Company purchased the company from the Slater family in 1977 [3] for $19 million. [6]
Since that time, its product range has expanded to include wooden interior doors, canopies, steel sheet doors, door frames, interior and exterior entrance doors, manual and drive-driven industrial door systems, and state-of-the-art fire protection and multifunctional door systems for commercial real estate.
In 1994, Home Interiors and Gifts was sold to the investment firm of Hicks, Muse, Tate & Furst in a $1 billion leveraged buyout. [1] [8] The company sold more than $850 million annually in silk and polyester flower arrangements, porcelain puppies and other decorative household items at home parties.
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The facility was initially part of the Ternstedt division of GM's Fisher Body unit and was used to construct auto parts such as body moldings, door handles and other interior components. During World War II, the facility was converted to build torpedo bombers for the United States Navy as part of GM's Eastern Aircraft.
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