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Article: Merger benefits both companies
- Article from:
- FDM
- Article date:
- June 1, 2008
- Author:
CopyrightCopyright Chartwell Communications, Inc. Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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Artone Manufacturing Co.'s acquisition of Philadelphia Furniture proves profitable for both manufacturers.
Last summer's purchase of Philadelphia Furniture by Artone Manufacturing Co. Inc. has turned out to be mutually beneficial. Projected revenue income for Philadelphia Furniture has increased in its first full quarter since the acquisition, while Artone Mfg. has enlarged its manufacturing capacity.
"Philadelphia Furniture provides us not only with a significant expansion of capacity, but also with a highly skilled workforce which produces a magnificent product," says Michael Calimeri, Artone Mfg. president. "We are excited to have been able to incorporate the company into the Artone ...