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From Home Furnishing Business
Banner Mattress & Furniture to Change Owners, Direction
June 10,
2014 by in Business Strategy, Furniture Retailing, Industry 
Banner Mattress & Furniture Co. in Toledo, Ohio, will close later this year. After that closure, four of the company's owners plan to build a new business around the mattress factory.
Banner Mattress & Furniture Co. will officially shut down later this year, but a group of four employees including the firm’s general manager have plans to build a new business around the 85-year-old company’s central Toledo mattress factory.
Bard Strand, Banner’s general manager, said the family that owns the company wants to get out of the business.
“They want to unload what they own currently — inventory, real estate, you name it. But a deal has been made between the current owner and myself with my partners that we will take over the factory, factory equipment, warehouse, and everything we have downtown.”
Read Entire Story Source: The Blade