Furniture 

Bassett Furniture to buy outdoor furniture company

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NEW AT SEVEN ... BIG NEWS FOR ALOCAL FURNITURE COMPANY IN HENRYCOUNTY...BASSETT FURNITURE IS PURCHASINGLANE VENTURE.WHILE BASSETT HAS TRADITIONALLYFOCUSED ON INDOOR FURNITURE....LANE VENTURE HAS BEENAN IMPORTANT PLAYER IN THEOUTDOOR FURNITURE MARKETSINCE IT STARTED IN 19-72. THISWILL ALLOW BASSETT TOEXPAND... WHICH COMPANY LEADERSSAY WILL HAVE BIG ECONOMICBENEFITS FOR THE AREA.11:28ROB SPILMAN/ CHAIRMAN &CEO, BASSETT FURNITURE -"WE'VE HAD SEVERAL GOOD YEARS INA ROW. WE'RE EXCITEDABOUT THE DIRECTION OF THECOMPANY. WE'RE GOING TO OPENTEN NEW STORES IN 2018, SO WE'REGROWING AND THIS IS PART OFTHE GROWTH STORY FOR BASSETT"THE COMPANY EXPECTS TO CLOSE ONTHE 15-AND-A- HALF MILLIONDOLLAR ACQUISITION LATER THISMONTH.

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