American of Martinsville to Consolidate with Barcalounger Home at Redd Level Plant
Martinsville, VA – The Henry County Board of Supervisors and the Martinsville-Henry County Economic Development Corporation are pleased to announce that American of Martinsville has entered into a shared services agreement with Barcalounger Home that will result in the creation of 94 new full time jobs with an average wage of $12.29/hour along with an excellent benefit package. This announcement also secures 121 existing positions at the Redd Level facility. American of Martinsville plans to make an additional capital investment of $1.4 million in equipment at Redd Level confirming their commitment to building furniture in the United States.
In addition to the manufacturing consolidation, Barcalounger’s corporate headquarters will also move to American of Martinsville’s Headquarters in Uptown Martinsville. American currently employs 40 people at this office and an additional 14 will be added to handle the Barcalounger line.
“We are pleased to enter into this agreement with Barcalounger Home. One that has been operationally and financially designed to successfully position both our companies to move forward with future growth as the economy recovers,” says Noel Chitwood, President of American of Martinsville. “Given the fact that both American of Martinsville and Barcalounger Home each have a company heritage that spans over 100 years, we intend to protect these carefully nurtured brands and build upon the strengths of both, collaboratively.”
“We are absolutely thrilled about this announcement,” says Debra Buchanan, Chairman of the Henry County Board of Supervisors. “American of Martinsville has been a vital part of this community’s fabric for decades, and we look forward to many great years down the road.”
|