Subscribe Register Login

Wednesday, August 27, 2014, 6:05 a.m.
Top Picks - Capture Arkansas

La-Z-Boy signs agreement to sell Bauhaus USA

By The Associated Press

This article was published February 15, 2014 at 1:33 p.m.

SALTILLO, Miss. — La-Z-Boy Inc. is selling a Saltillo, Miss.-based company it has owned since 1999.

La-Z-Boy, based in Monroe, Mich., announced in a news release Friday that Bauhaus U.S.A. Inc., an operating company within its upholstery segment, is being sold to an investor group led By Bauhaus president Britt Allred.

Terms of the transaction, which is expected to close in the fiscal 2014 fourth quarter, were not disclosed.

Bauhaus offers primarily contemporary sofas, sectionals and occasional chairs that are marketed in the U.S., Canada, the Far East and Europe.

La-Z-Boy officials say Bauhaus was not a good strategic fit for the company in terms of revenue or earnings.

Bauhaus has operated in northeast Mississippi since 1989. It was bought by La-Z-Boy in 1999.

It employs about 275 workers in Saltillo.

Comments on: La-Z-Boy signs agreement to sell Bauhaus USA

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Concrete cutters

    concrete cutters - Exp. a + will train. Drug screen & good d...
    JACKSONVILLE, AR

  • Safety compliance co

    safety compliance coordinator: Immediate opening for an expe...
    LITTLE ROCK, AR

  • Customer service representative

    Full-Time: Takes incoming calls from customers. Must be abl...
    Little Rock, AR

  • Dozer operators

    James Construction Group Accepting applications for the foll...
    Jacksonville, AR

  • Cna sponsorships

    Brighton ridge attention Brighton Ridge of Eureka Springs is...
    EUREKA SPRINGS, AR

Search 924 jobs >

Top Picks - Capture Arkansas
Arkansas Online