MCCONNELLSVILLE, N.Y. — Harden Furniture is preparing to restart operations, according to Greg Harden.
Harden — who announced Jan. 31 that the furniture-manufacturing business his family founded 174 years ago was shutting down after being sold at auction — sent out a brief email to news outlets Tuesday afternoon.
“Initially it will be a limited restart with a significant number of recalls. Not full production, but a lot more than a minimal schedule,” he wrote.
(Sponsored)
Time to Prepare for OSHA’s new “Walkaround Rule”
In a development consistent with President Biden‘s growing reputation as leading the most pro-union administration in history, the Occupational Safety and Health Administration (OSHA) has published a rule allowing employees
You Filed Your 2022 Tax Returns, Now Let’s Look Ahead
Another busy tax filing season is behind us and with a return to normalcy this year, without significant processing delays at the Internal Revenue Service (IRS), we can look forward.
Harden, who had hoped to be part of an investor group bidding on the company last week, sounded an optimistic note. “We continue to have very productive discussions with investors, potential strategic partners, and other parties that hopefully will allow us to complete the restructuring and return to full operations.”
He also said he would have more information Wednesday.
Harden maintains ownership of the company’s real estate. All other aspects of the Harden Furniture, including its name, belong to the single auction bidder, Big Shoulders Capital, which Harden previously described as “a specialty lender headquartered in Northbook, Illinois.”
The auction was ordered by GemCap, a lender that had had loaned the money for a leverage buyout of the company by an Illinois investment group in 2016.
Contact McChesney at cmcchesney@cnybj.com.
Photo credit: Harden Furniture
