Chromcraft Revington to Shutter Plant

October 9, 2006  by in UnCategorized   

By Home Furnishings Business in Case Goods on October 2006 Chromcraft Revington said Monday it will close a North Carolina wood processing factory by Dec. 8, laying off 58 workers.

The move is part of the company’s strategy to cut costs and move toward an overseas supply chain.

The company plans to sell its 166,000-square-foot Warrenton, N.C., plant along with the equipment. Production of the product will be outsourced to several suppliers.

Chromcraft Revington expects to incur pretax charges of between $1 million and $1.5 million related to the writedown of the building, severance costs and other items. It plans to record most of the charges in the fourth quarter.

Last month, the company announced plans to shutter its case goods factory in Sumter, S.C., and a Knoxville, Tenn.-based distribution center, as well as the relocation of an upholstery plant in Lincolnton, N.C., to a nearby facility.