Directional Furniture buying Carter assets
Gary Evans -- Furniture Today, January 11, 2009
SALISBURY, N.C. — High-end contemporary upholstery specialist Carter Furniture is selling its assets to fellow upholstery producer Directional Furniture and will close its manufacturing operations here.
Carter said a letter of intent has been signed. Production of the Carter line will be moved to Directional's facilities in Thomasville, N.C.
Carter President Bill Ward said the decision to sell the line came after a dramatic tightening of business in the past couple of months.
Ward said there “may be a short delay filling orders due to the movement of the manufacturing facilities” but that major disruptions are not expected. Distribution and representation will remain the same for all customers, he added.
About 85 employees will be affected by Carter's closing, although a few who live in the Thomasville area will retain their jobs. In addition, Directional will lease a frame operation in Denton, just south of Thomasville, which employs 18 people.
Directional also specializes in upper-end contemporary upholstery.
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