It has been reported that, La-Z-Boy Incorporated has announced here today announced about the completion of the sale of Sam Moore Furniture to Hooker Furniture. However, the Terms of the transaction, which closed on April 27, 2007, have not been disclosed so far.

La-Z-Boy Incorporated is a prominent residential furniture producer, marketing furniture for every room of the home. The La-Z-Boy Upholstery Group companies include Bauhaus, Centurion, England and La-Z-Boy whereas the La-Z-Boy Casegoods Group companies are American Drew, Hammary, Kincaid and Lea. The proprietary distribution network of the corporation is dedicated exclusively for the selling of La-Z-Boy Incorporated products and brands augmenting 340 stand-alone La-Z-Boy Furniture Galleries® stores and 307 La-Z-Boy In-Store Galleries. The La-Z-Boy Furniture Galleries retail network happen to be the largest in North America’s largest single brand furniture retailer, according to industry trade publication In Furniture.

Sam Moore, is a 63-year old company that had been owned by La-Z-Boy since 1998, and is based in Bedford, Virginia. The Company is engaged in the production of upscale occasional chairs with an emphasis on fabric-to-frame customization and has always retained its high standard of elegance. According to the official sources of Sam Moore, a lot of attention is paid to the details while manufacturing, such as classic styling, hand carving, top quality fabrics, individually driven solid brass nails for trim and detailed finishes.  To them, this kind of care that is the continuation of a rich legacy of 60 years’ of experience. The Sam Moore has in its possession over150 frames to display from where the customers are asked which to choose.  The company also offers twenty, hand-rubbed, multi-step finishes and over 450 covers that include a wide assortment of leathers.

Whereas Hooker Furniture incorporated in 1924 has been in the trade for the last 82 years and through sheer labor and sharp business acumen has been able to establish a reputation for the offering of innovative, high-quality home furnishings representing along side an exceptional value. The Company is ranked among the top ten largest publicly traded furniture producers based on shipments to US retailers. Hooker Furniture is an importer and manufacturer of residential wood, metal and upholstered furniture. The Company’s principal customers include the home furnishings retailers widely scattered throughout North America. The major furniture categories of the Hooker include home entertainment and wall units, home office, casual and formal dining, bedroom, bath furnishings, accent, occasional, and motion and stationary leather and fabric upholstered furniture.

Kurt L. Darrow, the President and Chief Executive Officer of La-Z-Boy, said, “We are delighted to have finalized the sale of Sam Moore to Hooker Furniture and are confident Hooker Furniture’s partnership will benefit Sam Moore’s employees and customers. We wish them all the best going forward.”