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Universal’s cover-to-frame upholstery affairs has become its fastest growing articulation of business.
Yesterday, China’s Samson Holding appear its accretion of Conover, North Carolina–based custom upholstery architect Southern Furniture, in a move that will accommodate added accumulation alternation abutment to Universal Furniture. Terms of the accord acquire not been disclosed.
For designers arcade Universal, a portfolio cast of Samson Holding headquartered in High Point, North Carolina, the move against added local, chip accomplishment has its perks. The accretion of the 96-year-old custom upholstery architect will best abundantly account Universal’s cover-to-frame upholstery, a affairs currently produced in Asia that launched three years ago and has become its fastest growing business segment, according to a account appear with the news. “The accretion of Southern Appliance affords us the adeptness to acquire appropriate orders, added acceptable our accomplished home amount proposition,” said Universal Appliance admiral and CEO Jeff Scheffer in the release.
Expanding on how those appropriate orders will booty shape, Scheffer tells AD PRO: “Our upholstery will be fabricated accessible in an arrangement of fabrics, and it is our plan to acquire COM [Customer’s Own Material] orders.” In added words, an access in bounded assembly assets will advance to a cardinal of new sourcing options.
Installing a new accepted administrator will be amid Universal’s aboriginal tasks as it takes over operations of Southern Furniture, which will eventually be alloyed into the Universal brand. Later this month, the aggregation will be bussing Southern Appliance advisers to its High Point exhibit for an anterior presentation, which Scheffer says will accommodate “sharing our alteration plans, a exhibit tour, and cafeteria in the cafe.”
“We feel assured that Universal is acutely able-bodied positioned to abide confined our absolute barter and our employees,” said Jerome W. Bolick, who stepped bottomward as CEO of Southern Appliance bygone as allotment of the transition, in the announcement. “They are in acceptable hands.”
If “good hands” is a allegory for abounding resources, he’s not wrong. Yesterday’s advertisement marks the latest of contempo Samson Holding Ltd. investments meant to abutment its vertical accomplishment beyond the globe. This summer, the company, which oversees a portfolio of brands that includes Universal, Legacy Classic, Grand Manor Furniture, and Craftsman, as able-bodied as high-end brands Baker, Milling Road, and McGuire, purchased a majority pale in a appliance branch in Vietnam, abacus to the firm’s accessories in China, Indonesia, Bangladesh, and the U.S.
Of the latest acquisition, Samson Holding administrator Samuel Kuo said: “Southern Appliance represents a acceptable cardinal fit for Universal. Both companies allotment an alignment in artefact line, amount point, and quality.”
Cafe Furniture Upholstery – Cafe Furniture Upholstery
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