La-Z-Boy Incorporated Acquires Bauhaus USA

Furniture World Magazine

La-Z-Boy Incorporated, one of the nation's leading manufacturers of residential and business furniture, announced that on June 1, 1999, it officially acquired privately held Bauhaus USA, Inc., a leading designer, manufacturer and marketer of transitional upholstered furniture and convertible sofas in the medium priced segment. Founded in 1990, Bauhaus USA, Inc. is headquartered in Saltillo, Miss. The company employs 875 people and operates four manufacturing facilities. The company reported more than $85 million in annual sales during fiscal 1998 and expects to exceed $100 million in fiscal 1999. La-Z-Boy Incorporated is based in Monroe, Mich. With annual sales in excess of $1.2 billion, the company employs 12,500 people, has 31 manufacturing facilities in the United States, Canada and Europe, and operates seven independent divisions, including La-Z-Boy Residential; La-Z-Boy Business Furniture Group; Hammary Furniture Company; Kincaid Furniture Company; England/Corsair, Inc.; Centurion Furniture PLC and Sam Moore Furniture Industries.