Furniture maker Stanton shuts down, explores sale
By Joan Gunin -- Furniture Today, January 11, 2009
TUALATIN, Ore. — Upholstered furniture manufacturer and importer Stanton International has shut down and is in sales negotiations with two prospective buyers, according to Tom Yow, a company executive
Stanton, which has 175 employees at three facilities, did not resume operations after the holiday close, said Yow.
He said the two prospective buyers, whom he did not name, both represent furniture companies.
Stanton, a promotional upholstery specialist founded 15 years ago as Simple Designs, is owned by Los Angeles investment firm Hancock Park Associates, which also is the parent of recliner specialist Barcalounger, case goods producer American of Martinsville, and Albuquerque, N.M.-based retailer American Furniture.
Hancock Park closed Stanton due to “a sharp decline in business,” Yow said.
He said Stanton had a strong customer base in northern California, a region hard hit by housing foreclosures and retail closings.
“Being a West Coast company is a good thing, but as a West Coast company in this recession, we were hit first and hit hardest,” he said.
Hancock Park's companies operate separately, he added. Recliner specialist Barcalounger is unaffected by the Stanton closing and continues to serve its customers out of its own distribution center here, Yow said.
“Barcalounger is a healthy company right now and we are praying the economy doesn't get any worse,” he said.
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