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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.
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
M.T. Broyhill and Sons Corporation, also known as Broyhill and Sons, was a brick-and-mortar housing company based around Washington, D.C. Broyhill and Sons successfully capitalized on the post-World War II housing boom to become the largest builder of brick-and-mortar homes in the United States during the 1950s. By 1953, Broyhill and Sons was ...
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 ]
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