LENOIR, N.C. (AP) — Broyhill Furniture Industries, a unit of Furniture Brands International, the largest U.S. maker of residential furniture, on Monday

said it will close a plant in North Carolina in August, resulting in the elimination of 700 jobs.

Furniture Brands expects to take a related charge of $3.3 million, or 7 cents per share related to the closure of the facility, which is located in Lenoir, N.C.

The company estimates that a penny of these charges will be taken in the second quarter and the remainder will be posted in the third quarter. The plant, which makes Pacemaker case goods, will stop operating in August.

Furniture Brands produces, sources and markets its products under brand names Broyhill, Lane, Thomasville, Henredon, Drexel Heritage and Maitland-Smith.

Shares of Furniture Brands fell 21 cents to $20.68 during morning trading on the New York Stock Exchange.