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The acquisitions gave Broyhill another 150,000 square feet of floor space, machinery, and a large line of medium-to-low price furniture. Broyhill added a sixth plant in 1942, acquiring The Wrenn Furniture Company at another bankruptcy auction. In 1954, Broyhill built his first new plant on a 65-acre tract located just outside of Lenoir.
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
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 1966, the company changed its name to Interco as the result of diversification, and once the company exited the shoe business, adopted the name Furniture Brands International. Some of the brands it owned in the furniture industry included Broyhill, Thomasville, Drexel Heritage, Henredon, Hickory Chair, Pearson, Laneventure, and Maitland-Smith.
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Broyhill had long sought to develop a complete, self-contained satellite city. In the early 1960s, M.T. Broyhill and Sons entered into a partnership with U.S. Steel to develop 1,765 acres of farmland on either side of Route 7 into 3,500 houses, available in ten different models, 3,000 apartments, a 100 acre shopping center, a 75 acre recreation area, including an 18-hole gold course and a two ...
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901 W 3rd Ave, Columbus, 43219 · Directions · (614) 294-4510