Bassett to Purchase Assets of Crimson Casual, Inc.
Bassett Furniture Industries, Incorporated (BSET)
Last bassett furniture industries, incorporated earnings: 4/2 09:00 am
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Source: GlobeNewswire
BASSETT, Va., Oct. 17, 2019 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that it is finalizing an agreement to purchase certain assets of Crimson Casual, Inc. for $2,250,000 in cash and stock. Crimson Casual is a manufacturer and marketer of luxury aluminum outdoor furniture located in Haleyville, Alabama. With a state-of-the-art powder-coat finishing process, Crimson Casual can customize the frames with a number of different colors and finish textures. Bassett expects the transaction to be completed in early November 2019. “We are excited to add a U.S.-based metal fabricating and finishing facility to our growing portfolio of capabilities in the outdoor furniture space,” said Rob Spilman, Bassett’s Chairman and CEO. “Crimson Casual produces high quality product that will provide us with new opportunities to expand our outdoor presence and we welcome their associates to the Bassett team. Adding domestically manufactured aluminum product with
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News
- Bassett Cuts Workforce to Drive Cost Savings & Restructuring Progress [Yahoo! Finance]Yahoo! Finance
- Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is favoured by institutional owners who hold 59% of the company [Yahoo! Finance]Yahoo! Finance
- Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring Plan [Yahoo! Finance]Yahoo! Finance
- Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring PlanGlobeNewswire
- Bassett Furniture Industries, Incorporated (NASDAQ: BSET) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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Sec Filings
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- 10/10/24 - Form 10-Q
- 10/10/24 - Form 8-K
- BSET's page on the SEC website