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United Furniture Industries Inc. signed an agreement to buy Lane Company by the end of 2017. [14] Heritage sold Lane Ventures to Bassett Furniture Industries for $15.1 million in December 2017. [15] Heritage announced the formation of the three business units. Harvey Dondale would be president of Broyhill, a position he held from 2005 to 2007.
In 1980 Interco took over Broyhill Furniture, a North Carolina company that was the world's largest privately owned furniture maker, with 20 factories and 7,500 employees. Paul Broyhill remained as CEO for five more years, leaving when Interco made changes with which he did not agree. [9]
Broyhill's expansion during the Great Depression led to some financial difficulties. A $100,000 consolidation loan that Broyhill secured in 1939 from a local bank helped the company to survive the end of the Depression. [4] In 1941, Broyhill acquired the McDowell Furniture Company located in Marion, North Carolina, and the Conover Furniture ...
Lambeth Furniture began in 1901 and was sold to Knox Furniture in 1928 and Thomasville Chair in 1932. [1] B.F. Huntley Furniture began in 1906 on Patterson Avenue in Winston-Salem, North Carolina and grew into the largest bedroom and dining room furniture manufacturer in the country. Its Winston-Salem plant burned in 1956, though a two-story ...
Twice a year, once in April and once in October, the North Carolina city of High Point rivals Milan, Italy, as host of the world’s most prestigious furniture trade show. High Point certainly has ...
James Edgar Broyhill (1892–1988), founder of Broyhill Furniture; Jim Broyhill (1927–2023), American politician and U.S. Representative and Senator from the state of North Carolina, son of the above; Joel Broyhill (1919–2006), American politician and a Congressman from Virginia for 11 terms, from 1953 to 1974; Lincoln Broyhill (1925–2008 ...
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