by Company intends to negotiate sales with existing Klaussner customers and others interested in the closed company’s assets
BOSTON — Asset disposition and advisory firm SB360 Capital Partners has been chosen to liquidate finished goods, work-in-process inventory and raw materials for former case goods and upholstery resource Klaussner Furniture Industries, which ceased operations in August.
An announcement issued Wednesday said that SB360 will facilitate an “orderly wind-down of operations” following the closure.
“SB360 Capital Partners has a track record of successfully assisting companies in various industries, from retail to manufacturing, with their inventory disposition needs,” the company said. “The firm’s direct furniture affiliations and extensive furniture experience will be pivotal to optimizing the outcome of selling Klaussner’s inventory. SB360 has worked with many well-known furniture retailers and manufacturers, including recent transactions with United Furniture Industries (Lane), Thomasville, Henredon, Drexel, Broyhill, Art Van and Loves Furniture.”
The company said it will negotiate sales with existing Klaussner customers and that it will also work with other national and regional furniture retailers and wholesale distributors to sell down the inventory and other assets.
“Klaussner’s products are sold by major retailers and furniture dealers across the country,” said Aaron Miller, president of SB360 Capital Partners. “This is an opportunity for those retailers to expand their in-stock Klaussner offering and provide customers with a value proposition that will be meaningful as we head into the holiday season.”
For inventory and merchandise inquiries, please email info@klaussnerliquidation.com.
