Daily News
From Home Furnishing Business
HMI Among Triad Region Fastest Growing Companies
September 23,
2013 by in Casegoods, Product
The honor was announced Thursday at a gala event at the Hayworth Fine Arts Center at High Point University.
Through a confidential process, nominations are submitted to accounting firm Smith Leonard, which verifies each company’s revenues during the three-year period between 2010 and 2012. Smith Leonard then ranks the nominees based on a formula that factors in both dollar and percentage change for their three most recent fiscal years.To be eligible, each company must:
• Be a private, for-profit venture.
• Have its U.S. headquarters in the Triad.
• Have finished three full fiscal years and had sales of at least $2 million in its last fiscal year.
Home Meridian International led the region's furniture industry in sales gains in 2011 (13.2 percent) and 2012 (25.6 percent).
George Revington, Home Meridian CEO, credits this success and growth to the company and its brands having the ability and commitment to adapt and change to the needs of the industry.
“We do not underestimate the power of adaptability, and with a commitment to continuous improvement,” Revington said. "HMI and our family of brands provides the right product at the right price, at the right time."
Home Meridian International is the parent company of six brands and services including Pulaski Furniture, Samuel Lawrence Furniture, Samuel Lawrence Hospitality, Prime Resources International, Sourcing Solutions Group and Right2Home.
Headquartered in, High Point,HMI has distribution centers on both coasts, and Asian operations in China, Vietnam and Malaysia.