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Article: La-Z-Boy Incorporated Sells Pilliod Division.
- Article from:
- PR Newswire
- Article date:
- December 3, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONROE, Mich. -- La-Z-Boy Incorporated announced today that it has sold its Pilliod Furniture division to Michels South Carolina, Inc., a subsidiary of Michels & Company, a privately-held company headquartered in Lynwood, CA. Terms of the transaction, which became effective November 30, were not disclosed. The transaction will not have a material impact to La-Z-Boy's third fiscal quarter results.
La-Z-Boy acquired Pilliod, which produces promotionally-priced bedroom and occasional furniture at its manufacturing facility in Nichols, SC as part of its January 2000 acquisition of Greensboro, NC-based LADD Furniture, Inc.
La-Z-Boy Incorporated President ...