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.
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YES
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Ashley furniture, owned by Ashley Furniture Industries, Inc.,
makes their products in Wisconsin, Mississippi, California,
Pennsylvania, Florida, China and Vietnam.
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Ashley furniture, owned by Ashley Furniture Industries, Inc.,
makes their products in Wisconsin, Mississippi, California,
Pennsylvania, Florida, China and Vietnam.