Pulaski to sell Craftique, close U.S. uph. operation

Article Abstract:

Pulaski Furniture Corp is planning to sell its Craftique division, shut down its upholstery operation and post a $9.2 million non-cash charge against pre-tax earnings. Pulaski pres and CEO John Wampler said the two divisions were not able to attain the company's profit goals. Craftique and the domestic upholstery division account for 5% of the firm's sales. Wampler also announced that there is an interested buyer for Craftique which they acquired in 1988.

Strategy & planning, Nonupholstered Wood Household Furniture Manufacturing, Wood Household Furniture, Pulaski Furniture Corp.

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Sealy IPO could fetch $350M

Article Abstract:

The initial public offering plans of Sealy Corp., which will raise $350 million, are presented.

Securities issued, listed, Mattresses and bedsprings, Securities, Company securities, Mattress industry, Sealy Corp.

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