High-end case goods source Craftique to close
Will liquidate its remaining inventory
Heath E. Combs -- Furniture Today, March 6, 2012
MEBANE, N.C. — Domestic high-end case goods supplier Craftique Furniture says it plans to cease manufacturing and retail operations and liquidate its remaining inventory.
Craftique, founded in 1946, has been known for hand-made custom mahogany furniture. It will wind down operations in May with the fulfillment of open orders, officials said in a press release.
The company said a tough economic environment and shrinking consumer demand for heirloom quality furnishings is contributing to its closing.
"We hope everyone clearly knows this decision has been reached with great deliberation and with concern given to all Craftique employees, customers suppliers and our local community," said co-owner Craig Shoemaker.
While a potential buyer could purchase the Craftique in the next several months, liquidation will take place as planned, officials said. They also said the company plans to sell its 100,000-square-foot factory here.
Craftique's existing inventory will be sold at a liquidation sale at its factory store beginning at 10 a.m. this Thursday, March 8. The store is at 2679 Ramada Road, Burlington, N.C. Wahlquist Management Corp. will handle the sale, which is expected to last at least 90 days, the company said.
"For years now, the entire Craftique team has worked diligently to withstand the challenges of today's global economy. For this I am extremely grateful and appreciative," said John Erwin, co-owner.
Craftique was founded in 1946 by L.P. Best, who sold the company to Pulaski Furniture in 1988.
In 1997 it was purchased by a management group that included veterans of Pennsylvania House, Singer and Traditions France, including Shoemaker and Erwin. Among its collections were licensed lines with Biltmore House and the Thomas Day Restoration Foundation.