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Ethan Allen Expands Manufacturing in North Carolina

The home furnishings manufacturer has purchased certain property, plant and equipment assets of Dimension Wood Products located in Claremont, North Carolina, and which manufactures wood frames and machined parts used in upholstery manufacturing.

2/17/2022
DANBURY, Conn. -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) announced that it has further strengthened its vertically integrated enterprise. Through its subsidiary, Ethan Allen Operations, Inc., the Company purchased certain property, plant and equipment assets of Dimension Wood Products, Inc. Founded in 1981 and located in Claremont, North Carolina, Dimension Wood Products, Inc. is a manufacturer of wood frames and machined parts used in upholstery manufacturing and has been a supplier to Ethan Allen.

Farooq Kathwari, Ethan Allen’s Chairman, President and CEO, commented, “We are pleased to have completed the asset purchase with Dimension Wood Products, Inc. Their talented associates, workshop and machinery will help us to further increase our control over raw materials, purchased parts, and labor costs while maintaining our high-quality standards.”
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