La-Z-Boy sells American Drew and Kincaid wholesale businesses

Key facts

• La-Z-Boy Incorporated sold its American Drew and Kincaid wholesale casegoods businesses.
• Banner House acquired the American Drew and Kincaid wholesale casegoods businesses.
• The sale is part of La-Z-Boy's strategy to focus on its core branded business.

This transaction represents a strategic divestiture for La-Z-Boy, allowing the company to focus on its core La-Z-Boy branded business. The sale of these wholesale casegoods operations is part of a broader strategy to streamline operations and enhance profitability.