Chromcraft Revington, Inc. Reports Acquisition of Silver Furniture Co., Inc.DELPHI Delphi (dĕl`fī), locality in Phocis, Greece, near the foot of the south slope of Mt. Parnassós, c.6 mi (10 km) northeast of the port of Cirrha. It was the seat of the Delphic oracle, the most famous and most powerful of ancient Greece. , Indiana--(BUSINESS WIRE)--April 3, 1995--Chromcraft Revington, Inc. (Nasdaq: CROM CROM Confederación Regional Obrera Mexicana (Spanish: Regional Confederation of Mexican Workers, Mexico) CROM Regional Confederation of Mexican Workers CROM Control Read-Only Memory CROM Cervical Range of Motion ) announced that effective today it acquired Silver Furniture Co., Inc., a manufacturer of occasional furniture located in Knoxville, Tennessee “Knoxville” redirects here. For other uses, see Knoxville (disambiguation). Founded in 1786, Knoxville is the third-largest city in the state of Tennessee, behind Memphis and Nashville, and is the county seat of Knox CountyGR6. . The acquisition was accomplished by a merger of Silver Furniture Co. into a wholly-owned subsidiary of Chromcraft Revington. The surviving corporation in the merger will operate under the name of Silver Furniture Co., Inc. Terms of the merger agreement provide for a cash payment to the shareholders of Silver Furniture Co. in the amount of $8,150,000 and conditional cash payments in the aggregate amount of $3,000,000 payable over a maximum period of 6 years. Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. E. Ivins is the President and Chief Executive Officer of Silver Furniture Co. and will continue as the President and Chief Executive Officer of the surviving corporation. Silver Furniture Co. plans no changes in its operations or its employees and will continue operating from its manufacturing facilities at Knoxville, Tennessee. Silver Furniture Co. had sales for the year ended December December: see month. 31, 1994 of $30 million. Chromcraft Revington, with sales of $134 million for the year ended December 31, 1994, designs, manufactures and sells casual dining, occasional 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 ``Chromcraft'' and ``Peters-Revington'' brand names. CONTACT: Chromcraft Revington, Inc., Delphi Frank T. Kane, 317/564-3500 |
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