LENOIR, N.C. (June 22, 2013) \u00e2\u20ac\u201d The 522,000 square foot plant will cease manufacturing operations in August 2013.
\nBroyhill Furniture Industries, a subsidiary of St. Louis, Mo.,-based Furniture Brands International, recently announced the closing of its Pacemaker case goods manufacturing facility located in Lenoir, N.C.
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\n The Pacemaker plant is a 522,000 square foot facility and employs approximately 700 people. This closing will entail the elimination of all salaried and hourly positions. The plant will cease manufacturing operations in August 2013.<\/p>\n
Furniture Brands estimates the restructuring, asset impairment and severance charges associated with this closure will total approximately $5.1 million ($3.3 million net of income tax benefit), or 7 cents per diluted common share. We estimate 1 cent of these charges will be taken in the second quarter of 2013 and the remainder will be taken in the third quarter.<\/p>\n
Furniture Brands International is one of America’s largest residential furniture companies. The company produces, sources and markets its products under six of the best-known brand names in the industry – Broyhill, Lane, Thomasville, Henredon, Drexel Heritage and Maitland-Smith.<\/p>\n
Go to STATE SPOTLIGHTS to read more about other news and articles about this state.<\/p>\n
Go to INDUSTRY SPOTLIGHTS to read more about other news and articles about this industry sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
LENOIR, N.C. (June 22, 2013) \u00e2\u20ac\u201d The 522,000 square foot plant will cease manufacturing operations in August 2013. Broyhill Furniture Industries, a subsidiary of St. Louis, Mo.,-based Furniture Brands International, recently announced the closing of its Pacemaker case goods manufacturing facility located in Lenoir, N.C.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1042","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=1042"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1042\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=1042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=1042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=1042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}