Full Answer
Who bought Drexel Furniture Company?
Drexel Furniture Company. In 1968 U.S. Plywood-Champion Papers bought Drexel Enterprises. As a subsidiary of Champion, the company became Drexel Heritage Furnishings, Inc. Champion sold Drexel Heritage to Dominick International Corporation, a private New York brokerage and investment banking firm, in August 1977.
Is Drexel Heritage Furniture a good brand?
Drexel Heritage furniture has beautiful lines, fabulous veneers and lovely French, Italian, Asian and British inspired designs. Like Ethan Allen Furniture, Drexel Furniture has a great following and excellent name recognition. Is Drexel Furniture Still in Business?
Is Drexel Heritage owned by Masco?
A subsidiary since 1986 of Masco Corp., the world's largest furniture manufacturer, Drexel Heritage is also a retailer of home furnishing accessories. The Drexel Furniture Co. was founded in 1903 in Drexel, about five miles east of Morganton, North Carolina.
What happened to Drexel Heritage?
Two years later, the Drexel Heritage unit was sold to Dominick International Corp. for about $57 million, of which about $40 million was paid in cash and the remainder in preferred shares and subordinated notes, a sales price that amounted to book value plus $1 million. Under Dominick International, Drexel's retail efforts advanced significantly.
Who bought Drexel Heritage?
When did Drexel and Heritage expand?
What furniture company did Drexel own?
How many Drexel stores were there in 1957?
How many square feet did Drexel grow?
How many hours did Drexel pay?
What happened to Drexel in 1935?
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Does Drexel Heritage still exist?
Drexel Heritage's original vision remains unchanged. Their company is still guided by a genuine commitment to custom craftsmanship and timely service and their style is still distinguished by an authentic, timeless spirit.
What happened to Drexel Heritage furniture company?
A Conover-based furniture company has purchased an old Drexel Heritage factory in Morganton. Andy Bray, president of Vanguard Furniture, announced in a Tuesday news release that the company has purchased what was known as Drexel Plant No.
Who bought Drexel Heritage?
Andy Bray, President of Vanguard Furniture, announced that Vanguard has acquired what was locally known as Drexel Plant #60 in Morganton, NC.
When did Drexel Furniture go out of business?
In June 2014 it was reported that the last Drexel Heritage plant, on Hogan Street in Morganton, North Carolina, was closing July 31, with 87 people losing their jobs.
Is Drexel Heritage furniture good quality?
Drexel Heritage makes high-quality furniture in a wide variety of styles. The pieces are well-designed and well-made, and the proportions tend to be exceptional. Even the trendier pieces have a certain classic loveliness.
Is Drexel Heritage furniture made in USA?
Drexel refers to the style of fine furniture created by Drexel Furniture Inc, based in the Blue Ridge Mountains of North Carolina. Their products are made from native oak, are skillfully handcrafted, and reflect the simplicity of beauty combined with old world quality in skillmanship of classic American made products.
Is Henredon furniture still being made?
The Henredon Story At first, they only sold three kinds of dressers. Later, they added a full line of hand-designed upholstered wooden furniture. While they were successful for many decades, the company filed for bankruptcy in 2013.
What has happened to Thomasville Furniture?
Today, Thomasville furniture is sold through independently owned Thomasville Home Furnishings Stores, as well as leading independent retail stores. We've even designed two of the most successful licensed furniture collections in the industry: Ernest Hemingway®, The Collection of a Lifetime; and Humphrey Bogart™.
Did Henredon furniture go out of business?
The Mystery Of Henredon's Disappearance Before the new manufacturing techniques, its furniture had a considerable amount of hand and detail work making each piece a one-of-a-kind treasure. In 2018, Henredon's parent company Heritage Home Group filed for bankruptcy. It had buyers interested in its most iconic brands.
Where is Drexel Heritage made?
North CarolinaBased in the foothills of North Carolina's Blue Ridge Mountains, Drexel Heritage Furnishings Inc. has been producing furniture for almost a century. A subsidiary since 1986 of Masco Corp., the world's largest furniture manufacturer, Drexel Heritage is also a retailer of home furnishing accessories.
Is Thomasville Furniture coming back?
Authentic Brands Group, the owner of Thomasville, Drexel and Henredon, has partnered with Living Style Group, to bring back the Thomasville brand to the marketplace this fall.
Is Thomasville Furniture still manufactured?
Heritage Home Group bought most of that company's assets in 2013 and announced the end of Thomasville Furniture's operations in Thomasville in 2014.
What is the difference between Drexel and Drexel Heritage?
In 1960, Drexel Furniture became Drexel Enterprises, Inc., and in 1961, the company merged with Southern Desk Company to produce furniture and supplies for libraries, schools, and churches. In 1968 U.S. Plywood Champion Papers purchased Drexel Enterprises, and the company became Drexel Heritage Furnishings, Inc.
Is Henredon furniture still being made?
The Henredon Story At first, they only sold three kinds of dressers. Later, they added a full line of hand-designed upholstered wooden furniture. While they were successful for many decades, the company filed for bankruptcy in 2013.
What has happened to Thomasville Furniture?
Today, Thomasville furniture is sold through independently owned Thomasville Home Furnishings Stores, as well as leading independent retail stores. We've even designed two of the most successful licensed furniture collections in the industry: Ernest Hemingway®, The Collection of a Lifetime; and Humphrey Bogart™.
Who makes lineage furniture?
Longtime retail executive Chris Pelcher, president, founded Lineage earlier this year as a domestic alternative to imported goods faced with historically long lead times and high freight costs. At market, Lineage's six introductions will be complemented by best sellers from the spring show.
Drexel Furniture Company - North Carolina History Project
Drexel Furniture Company was established on November 10, 1903 in Drexel, North Carolina. Although Samuel Huffman managed the enterprise, he and five other men founded the business with an investment of $14,000.
Drexel Heritage Furnishings Inc. | Encyclopedia.com
Drexel Heritage Furnishings Inc. 101 N. Main Street Drexel, North Carolina 28619 U.S.A. (704) 433-3000 Fax: (704) 433-3349. Wholly Owned Subsidiary of Masco Corp. Incorporated: 1903 as Drexel Furniture Co. Employees: 5,000 Sales: $200 million SICs: 2511 Wood Household Furniture; 2512 Upholstered Wood Household Furniture; 2521 Wood Office Furniture;
Drexel Heritage | Furniture Ordering Direct
Drexel Heritage Drexel Heritage. Our rich history of crafting quality furniture to our customers’ exacting standards began in 1903 when our first product was a bed, bureau and washstand suite made from native oak and sold for $14.50, wholesale.
When did Drexel Furniture change its name?
The rebranding of the company as Drexel is perhaps the biggest change in identity the company has had since it was renamed Drexel Heritage in 1968. At that time, that name change incorporated the identities of two major companies – the Drexel Furniture Company formed in 1903 and Heritage Furniture Company which was purchased in 1951.
Who is the director of Drexel?
Drexel Brand Director Claudine Simone has led the transformation of the brand. “We have shaken off the ‘Heritage’ epithet and are focused on creating a lifestyle that is based on clarity, creativity, innovation and most importantly reliability and comfort,” she said.
Is Drexel Heritage rebranded?
HIGH POINT – Drexel Heritage has been rebranded as Drexel, a move that will be revealed to buyers at the April High Point Market with a new contemporary product focus and collection created in conjunction with designer Jo Sampson. The rebranding of the company as Drexel is perhaps the biggest change in identity the company has had ...
When did Drexel become Drexel Heritage?
After a few mergers in the 1960s, Drexel became “Drexel Heritage Company” in 1968.
What is Drexel Heritage furniture?
Drexel Heritage Furniture For Sale. Drexel Heritage was the name of what is now known as just “Drexel Furniture.”. Previously, the company made fabulous traditional adaptations under the Drexel Heritage name. Today, they abandoned the Heritage part of their name to pursue more contemporary styles and modern twists.
What is a mid century modern Drexel?
Of course, Mid Century Modern Drexel Furniture has a high level of collectability as well. MCM designs by Drexel feature sleek lines, beautiful walnut or mahogany veneers and unique hardware.
How to tell the age of a Drexel chair?
You can also gain clues to the age of your Drexel piece by reading the Drexel Furniture numbers. On the back of your piece, you will see a series of numbers that corresponds to the factory number, model number and sometimes the finish of the Drexel piece.
What to do if you can't read the label on a Drexel furniture?
If the furniture tag is missing, or if you cannot read the label, you may want to consult an expert. Because Drexel produced so many collections of furniture, identifying it as Drexel takes a trained eye. Of course, like Henredon Furniture collectors, Drexel Furniture Collectors want to see the true label to verify.
How to know if a Drexel furniture is made?
In order to really establish your furniture is made by Drexel Furniture, you first need to find a maker’s mark. Drexel’s labels have changed much over the years. So, do not be alarmed if a search for your mark takes some digging.
Where was Drexel Furniture founded?
Firstly, Drexel Furniture Company started in 1903 in the Appalachian Mountains of North Carolina. At first, the owner of Drexel, Sam Huffman, focused on offering low priced furniture to consumers. His son and heir to the company, Robert O. Huffman took a different path. By the 1930s, Drexel started offering a higher priced product. He offset his costs by advertising more.
Who owns Drexel Heritage Furnishings?
In 1986 Drexel Heritage became a wholly owned subsidiary of Masco Corporation, which, by buying several other leading North ...
When did Drexel furniture become Drexel Enterprises?
On 1 Dec. 1960 Drexel Furniture became Drexel Enterprises, Inc., and the following year it acquired the Southern Desk Company, manufacturer of a broad line of institutional furniture and equipment for laboratories, libraries, classrooms, dormitories, and churches.
Where is Drexel furniture made?
1903 and began making fine furniture in a small factory near Morganton in the foothills of the Appalachian Mountains. In time, the company acquired other furniture plants, including the Table Rock Furniture Company in 1951 and the Heritage Furniture Company ...
Who bought Drexel Heritage?
Two years later, the Drexel Heritage unit was sold to Dominick International Corp. for about $57 million, of which about $40 million was paid in cash and the remainder in preferred shares and subordinated notes, a sales price that amounted to book value plus $1 million.
When did Drexel and Heritage expand?
In 1971 U.S. Plywood-Champion Papers announced that the Drexel and Heritage lines would expand to include styles ranging from modern to Mediterranean in the upper-middle to high-end price ranges. Moreover, the company was engaged in organizing a full Drexel and Heritage unified retail system.
What furniture company did Drexel own?
Through an exchange of common stock, Drexel acquired control in January 1957 of the Morganton Furniture Co. , a producer of case goods (a trade term for wooden bedroom and dining room furniture) and Heritage Furniture, Inc. of High Point and Mocksville, a manufacturer of upholstered furniture. Heritage became a wholly owned subsidiary of what became Drexel Enterprises Inc., and Morganton a division of Heritage. Both acquired companies continued to operate autonomously, producing and selling their own regular brand lines. The purchase of Heritage in particular provided a dependable supply of high-quality upholstered furniture, which Drexel had never offered. Immediately following the merger, plans were being drawn up for a correlated line of bedroom, dining room, and living room furniture under the Heritage name.
How many Drexel stores were there in 1957?
By 1957 Drexel furniture was available in about 2,500 retail stores in all parts of the country. A standard franchise agreement stipulated that a representative part of the Drexel line would be kept in stock, displayed to specifications, and locally promoted and advertised.
How many square feet did Drexel grow?
Low costs enabled Piedmont companies like Drexel to undersell northern competition in their native area. By 1918 the plant had grown by 20,000 square feet, and the Blue Ridge Furniture Co. in neighboring Marion had been acquired by cash payment.
How many hours did Drexel pay?
Drexel was employing about 2,300 hourly workers, all nonunion, in 1957. In addition to wages for a 40-hour work week, they received an annual bonus under a company profit-sharing plan that amounted to between five and eight-and-a-half weeks pay a year.
What happened to Drexel in 1935?
During this period the company moved away from wholesale distribution, relying instead on retail stores and commission salesmen located throughout the country.
