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La-Z-Boy Incorporated Announces Sale of American Drew and Kincaid Wholesale Casegoods Businesses

Key Highlights: American Drew and Kincaid wholesale casegoods businesses to be sold to Banner House (formerly Magnussen Home Furnishings, Inc.), a multi-branded portfolio of home furnitureTransaction is scheduled to close in mid-MayLa-Z-Boy will continue to offer casegoods products in its 374 stores across North America as part of its whole home solution for consumersSeamless transition expected for existing customers, dealers, and suppliersTransaction advances La-Z-Boy Incorporated progress of

articleLa-z-boy IncorporatedApril 21, 20264/company/la-z-boy-incorporated/news/la-z-boy-incorporated-announces-sale-of-american-drew-and-kincaid-wholesale-casegoods-businesses
La-Z-Boy Incorporated Announces Sale of American Drew and Kincaid Wholesale Casegoods Businesses

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American DrewLa-Z-BoyKincaidMagnussen Home Furnishings, Inc.custom furnitureNorth AmericaBanner HouseTransaction