Claude Gable Calling It Quits

May 24, 2006  by in UnCategorized   

By Home Furnishings Business in Upholstery on May 2006 Sofa-sleeper specialist Claude Gable Co. will shutter its factory after 34 years in business.

The shutdown will cut about 200 jobs in High Point where the family-run business has operated since being started by Claude Gable in 1971.

The company has started an “orderly liquidation of its assets” and attributes the decision to difficulties with domestic production costs and the impact of foreign competition.

“Despite these economic realities, the management and owners of the company have fought to keep the business going and to help keep our employees in their livelihood,” the company said in a statement. “Unfortunately, we are not longer able to do so.”