La-Z-Boy Inc. (LZB) announced that it will consolidate Hammary Furniture, into its American Drew/Lea organization. The consolidation will begin in the middle of March and will be fully effective at the end of April 2010. The company noted that, as the consolidation process continues, roles and positions will be further defined.
Steven Kincaid, President of La-Z-Boy's Casegoods Segment, said, "The combination of these companies will allow us to bring a more complete casegoods product line up to our dealer base and we look forward to providing them with more of a one-stop solution for dining room, bedroom, youth furniture and occasional. Additionally, the larger combined organization will allow us to leverage the supply chain and distribution networks in place today for each company, affording us the opportunity to enhance service levels to our customer base while strengthening our sales, marketing and merchandising team under one umbrella".
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