Why did Flexsteel go out of business?
“Flexsteel Industries, Inc. has decided to exit its Recreational Vehicle and Hospitality businesses due to rapidly declining customer demand and changing market conditions resulting from the ongoing COVID-19 pandemic.
Where does Flexsteel make their furniture?
Since its inception, the Flexsteel line has grown to include hundreds of models featuring everything from sleeper sofa sectionals to accent chairs and ottomans. They even make dining and bedroom furniture. “Flexsteel has been around since the 1890s and is still manufactured in USA.
Where was Flexsteel founded?
In 1958, the Harrison, Arkansas, plant was developed as a central source for frames. That same year, the company was renamed Flexsteel Industries, Inc. after its famous spring. During the 1960s, contemporary furniture became immensely popular.
Who makes Flexsteel couches?
Flexsteel Industries, Inc. Brands. Flexsteel Industries, Inc. family of brands includes Flexsteel and Homestyles, two recognized leaders in the home furnishings market.
Who bought Flexsteel?
HOUSTON, January 03, 2023–(BUSINESS WIRE)–Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) announced today that it has entered into a definitive agreement (the “Agreement”) to acquire FlexSteel Technologies Holdings, Inc. and its affiliates through a merger with its holding company, HighRidge Resources, Inc.
Who is the owner of Flexsteel?
Jerry Dittmer – President & CEO – Flexsteel Industries Inc.
Who is Flexsteel competitor?
Flexsteel Industries’s competitors and similar companies include Ethan Allen Interiors, Bassett Furniture, NewAge Products and Ashley Furniture Industries.
What brand is comparable to Flexsteel?
Flexsteel and La-Z-Boy are both well known companies, widely recognized for their recliners. However, they both also offer a wide variety of other furniture items, including sofas.
Is Flexsteel furniture still in business?
PUBLISHED: May 31, 2019 at 3:18 p.m. | UPDATED: May 31, 2019 at 3:20 p.m. Flexsteel, a company that has been manufacturing furniture at a Riverside factory for at least four decades, has ceased its operations there and will officially lay off 87 workers in mid-July.
What is Flexsteel net worth?
How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Flexsteel Industries net worth as of March 23, 2023 is $0.11B.