Bassett Furniture Industries, Inc.
Furnishings Industry Transaction
Bassett Furniture Industries, Inc.
Weiman Upholstery, located in Christiansburg, Virginia, had been a division of Bassett Furniture Industries, Inc. since 1979. Weiman specializes in, and is considered to be among the leaders in, designing and manufacturing high-style contemporary seating and furniture, including product lines designed by renowned international designers such as Vladimir Kagan and Stanley Jay Friedman. Preview Furniture, Inc., another high-end contemporary manufacturer, was acquired by Bassett in 2003 and placed under the Weiman/Preview Upholstery Division. Mann, Armistead & Epperson, Ltd. was hired by Bassett Furniture to locate a potential acquirer for the Weiman/Preview Upholstery Division since it did not strategically fit with Bassett’s core business and/or its growing emphasis on its retail store network. Interlude Home, Inc. acquired Weiman/Preview and is a privately owned upscale accessories and accent furniture supplier, headquartered in Trumbil, Connecticut, and specializes in fashion-forward trend items.
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