Chromcraft Revington, Inc. Reports Acquisition of Cochrane Furniture Company, Inc.Delphi, IN and Lincolnton Lincolnton may refer to:
See: New York Stock Exchange :CRC (Cyclical Redundancy Checking) An error checking technique used to ensure the accuracy of transmitting digital data. The transmitted messages are divided into predetermined lengths which, used as dividends, are divided by a fixed divisor. ) and Cochrane For places named Cochrane, see . Cochrane is a surname of Scottish derivation. Introduction Cochrane is a Scottish surname that is found throughout the British Isles. The surname Cochrane is the 1,339th most common last name in the United Kingdom. In the U.K. Furniture Company, Inc. announced that effective today Chromcraft Revington acquired Cochrane Furniture. The transaction is estimated to be valued at approximately $27 million which includes Cochrane's debt assumed in the merger. The outstanding shares of common stock of Cochrane were converted into the right to receive a cash payment of $4.75 per share. Cochrane Furniture will operate as a wholly-owned subsidiary of Chromcraft Revington under the name Cochrane Furniture Company, Inc. Cochrane manufactures and sells dining room, bedroom and upholstered furniture with sales of $86 million for the fiscal year ended March 30, 1996. Chromcraft Revington, with sales of $153 million for the year ended December 31, 1995, designs, manufactures and sells occasional, casual dining and commercial furniture throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. under the "Peters-Revington," "Chromcraft" and "Silver Furniture" brand names. CONTACT: Chromcraft Revington, Inc. Frank T. Kane, 317/564-3500 |
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