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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.
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.
Paul Broyhill remained as CEO for five more years, leaving when Interco made changes with which he did not agree. [9] In 1987, under new president Harvey Saligman, Interco bought Lane Company of Altavista, Virginia, which increased furniture and home furnishings to about one-third of Interco's total sales. [10]
Nick Teichtmann (R,) with the help of Lowe's employee Jaime Solis, buys lumber to renovate his house by adding a gazebo on top of a deck and fixing his garage at Lowe's home improvement store on ...
Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
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 ...
Broyhill may refer to: . Broyhill Furniture of Lenoir, North Carolina, United States . 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
James Thomas Broyhill (August 19, 1927 – February 18, 2023) was an American businessman and politician from North Carolina. A member of the Republican Party , he served in both chambers of the United States Congress as a member of the United States House of Representatives from 1963 to 1986 and briefly served in the United States Senate in 1986.
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