Urethane Blog
Klaussner Assets Headed for Liquidation
October 29, 2023
Klaussner Furniture assets to be liquidated
By Larry Adams
October 26, 2023 | 11:16 am CDT
The disposition firm will negotiate sales with Klaussner’s existing customers, who are already familiar with the current models and styles available. In addition, SB360 will expand outreach to other national and regional furniture retailers.
Photo By Klaussner
BOSTON — A leading asset disposition and advisory firm has been selected as the exclusive agent for the disposition of finished goods, work-in-process inventory, and raw materials for Klaussner Furniture Industries, Inc., Asheboro, North Carolina.
The engagement of SB360 Capital Partners will aid the wind-down of operations following the closure of Klaussner’s facilities in August.
Established in 1963, Klaussner Furniture Industries is headquartered in Asheboro and operates multiple manufacturing facilities and distribution centers across the United States. The company offers an expansive assortment of value-driven furniture products, including sofas, recliners, sectionals, bedroom sets, and dining room furniture.
SB360 Capital Partners has a track record of successfully assisting companies in various industries, from retail to manufacturing, with their inventory disposition needs. The firm’s direct furniture affiliations and extensive furniture experience will be pivotal to optimizing the outcome of selling Klaussner’s inventory. SB360 has worked with many well-known furniture retailers and manufacturers, including recent transactions with United Furniture Industries (Lane), Thomasville, Henredon, Drexel, Broyhill, Art Van, and Loves Furniture.
As Klaussner’s products are highly desirable, SB360 will negotiate sales with Klaussner’s existing customers, who are already familiar with the current models and styles available. In addition, SB360 will expand outreach to other national and regional furniture retailers and wholesale distributors. For inventory and merchandise inquiries, please email info@klaussnerliquidation.com.
“Klaussner’s products are sold by major retailers and furniture dealers across the country,” said Aaron Miller, President of SB360 Capital Partners. “This is an opportunity for those retailers to expand their in-stock Klaussner offering and provide customers with a value proposition that will be meaningful as we head into the holiday season.”
Prior to the company’s closure, Klaussner was ranked #36 on the FDMC 300 list of top North American wood products manufacturers with $347 million in 2022 sales.
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