Broyhill Sells Particleboard Plant

August 9, 2006  by in UnCategorized   

By Home Furnishings Business in Case Goods on August 2006 Broyhill Furniture Inds. announced Thursday the sale of its particleboard facility in Lenoir, N.C., to North State Property Holdings. The 193,600-square-foot plant produces particleboard for Broyhill and other manufacturers.

“The primary reason for this sale is the changing dynamics of the global furniture industry,” said Broyhill spokesman Tom Lentz. “Broyhill no longer is the primary user of particleboard produced in this facility and operating a supply facility is not part of our current business model. Fortunately, we are very pleased that North State plans to purchase and continue operating this facility in Lenoir.”

Phillip Delp of North State Property Holdings said the plant will continue to supply the industry.

“Our intentions are to continue manufacturing particleboard for the current customers as well as seeking additional customers,” he said. “This is an excellent operation with fine associates and we expect to retain most of the current employees. We are looking forward to working with the community in Caldwell County to make this operation very successful.”

The particleboard facility began production in early 1996 and employs 52 workers. Broyhill will cease employing these associates no earlier than Oct. 9. Ownership of this facility will be transferred to North State after the close of business for the week ending Oct. 14, and expectations are that North State will employ the majority of the current work force as soon as the company assumes ownership.