Flexsteel Industries, Inc. (FLXS. and settlement of a defined benefit plan associated with the prior wholly owned subsidiary, DMI Furniture, Inc. unfavorably impacted SG&A by 220 basis points.
Flexsteel Industries Inc. has announced that it has purchased a 500,000 square-foot distribution facility at Logistics Park Kansas City (LPKC) in Edgerton. The furniture manufacturer. of commercial.
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The previously mentioned $2.5 million non-cash expense due to the termination and settlement of a defined benefit plan associated with the prior wholly owned subsidiary, DMI Furniture, Inc..
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Founded in 1893 in Minneapolis, Minnesota, Flexsteel Industries, Inc is one of the nation’s oldest upholstered furniture manufacturers. With over 120 years of experience and innovation, Flexsteel is known to provide high quality, long-lasting stationary and reclining furniture in a diverse selection of styles and a variety of price points.
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According to Flexsteel’s website, the company acquired DMI Furniture in 2003 and described the firm as a design, manufacturing and marketing company offering residential bedroom and dining room furniture as well as commercial office furniture.
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Flexsteel DMI Office Furniture Del City OK A subsidiary of Flexsteel Industries, DMI Furniture is a vertically integrated manufacturer, importer and marketer of office and residential furniture. The company s primary product lines include home office and computer workstations, desk chairs, commercial office furniture collections, casual lifestyle furniture and collections of better.