Greensboro Businessmen Purchase Stanley Furniture Plant

Posted by MCC on March 30th, 2009 at 07:11am

The former Stanley Furniture plant located on West Center Street in Lexington, North Carolina has been purchased by the father and son team that owns DDC Investments and D.H. Griffin Companies. However, DDC Investments is listed as the new owner.

One of the services provided by the D.H. Griffin Companies is demolition, but the new owners say they haven’t decided what they want to do with the property yet. Although, the businessmen have announced that they are exploring their opportunities and have several ideas.

In July 2008, Stanly Furniture announced that the Lexington facility would be closing, a closing that eliminated 350 jobs in the area. The plant has at one time been a Burlington Industries textile plant and was operated by the United Globe Furniture Company before Stanley Furniture took over the plant in 1986 .

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