MARTINSVILLE, VA – Hooker Furniture Corp. and La-Z-Boy Inc. announced they signed a letter of intent for Hooker to purchase Sam Moore Furniture, a Bedford, VA-based manufacturer of upscale occasional chairs. Sam Moore, a 63-year-old company, has been owned by La-Z-Boy since 1998.
“This acquisition would help us attain one of our strategic goals to further diversify into fabric upholstery,” said Paul B. Toms Jr., chairman, CEO and president of Hooker.
Have something to say? Share your thoughts with us in the comments below.