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La-Z-Boy sells Pilliod division to Michels. (Trends & News).


La-Z-Boy Inc. of Monroe, MI, has sold its Pilliod Furniture division to Michels South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures


Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15.
 Inc., a subsidiary of Michels & Co. of Lynwood, CA.

La-Z-Boy acquired Pilliod as part of its January 2000 purchase of LADD LADD Lifetime Average Daily Dose
LADD Lacrimoauriculodentodigital (syndrome)
LADD Light and Darkness Dragon (YuGiOh trading cards)
LADD Low-Angle Drogue Delivery
LADD Lowest Acceptable Daily Dose
 Furniture Inc. of Greensboro, NC.

Pilliod produces promotionally priced bedroom and occasional furniture. La-Z-Boy president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Jerry Kiser said, "The product line produced by Pilliod did not strategically align align (līn),
v to move the teeth into their proper positions to conform to the line of occlusion.
 with our other product lines, and we are glad we were able to find a buyer who is already in this segment of the industry."

The sale became effective Nov. 30. Terms of the deal were not disclosed.
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Publication:Wood & Wood Products
Date:Jan 1, 2002
Words:104
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