Denver company completes Chromcraft acquisition

Back to TopCommentsE-mailPrintBookmark and Share

Apparel maker Sport-Haley Holdings Inc. has completed its $3.45 million purchase of furniture maker Chromcraft Revington, a company based in Lafayette that delisted its public stock from the New York Stock Exchange earlier this year.

Sport-Haley, based in of Denver, paid $2.7 million, and has promised to pay another $750,000 when Chromcraft's plant in Delphi is sold or mortgaged, or 180 days after the merger is complete.

Sport-Haley Chairman and CEO Samuel Kidston said his company would announce restructuring plans for Chromcraft in coming weeks. Chromcraft Chairman and CEO Ronald Butler said the company will operate as a subsidiary and its brands will continue.

Chromcraft's managers attempted to buy the company earlier this year, but were unsuccessful.

The company was founded in Delphi in 1946 as the Peters Manufacturing Co., primarily as the maker of novelty wall racks. It became Peters Revington Furniture in 1959 and Chromcraft Revington in 1992.

It has manufacturing, warehousing and distribution operations in Senatobia, Miss., and warehouse and distribution operations in Delphi.

The company had about 280 employees as of June 20.

Chromcraft delisted its stock in April in a cost-cutting measure.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ