Markor to Seek U.S. Acquisitions

November 19, 2008  by in UnCategorized   

By Home Furnishings Business in Case Goods on November 2008 Chinese furniture manufacturer Markor International Furniture Co. Ltd. announced Wednesday that its board of directors has given its approval to seek acquisitions in the United States.

The company believes current challenging economic climate creates opportunities to evolve from OEM-based operation to an own-brand-manufacturing business model.

Markor currently is the product source for A.R.T. Furniture. The company also manufactures goods for other companies including Ethan Allen—with whom it has a retail partnership in China—and for part of Legacy Classic’s line.

Markor International Furniture stock on the Shanghai exchanged rose 7.83 percent on Wednesday to close at 3.58 yuan per share.