MARTINSVILLE, VA – Hooker Furniture announced it has signed a letter of intent to purchase the assets of New York-based Opus Designs Furniture LLC, a specialist in youth bedroom furniture. The transaction is expected to be completed by the end of the year.

“The acquisition would provide a solid foundation for Hooker to build a strong youth bedroom program at more moderate price points, with a more comprehensive product line and with superior sourcing arrangements compared to (Hooker’s) current SmartKids youth furniture line,” said Paul Toms Jr., chairman, chief executive and president of Hooker.