AARON RENTS BEGINS SALES OF FURNITURE TO MEXICO
AARON RENTS BEGINS SALES OF FURNITURE TO MEXICO ATLANTA, April 23 /PRNewswire/ -- Aaron Rents, Inc.
(NASDAQ: ARON), the nation's largest furniture rental and sales company, today announced it had begun shipping furniture to a major retail furniture supplier in Mexico.
Aaron Rents is entering the Mexican market through sales to American Rents, S.A. De C.V. of Mexico City. The initial order was for new furniture produced by Aaron Rents' manufacturing division, MacTavish Furniture Industries, which operates five furniture plants. Additional orders from the Mexican firm will include rental return furniture out of the Aaron Rents system, R. Charles Loudermilk Sr., chairman and chief executive officer of Aaron Rents, announced. Such furniture will have completed its rental life for the company. "This new relationship with American Rents De Mexico gives us entry into a large and important market," Loudermilk said. "There is a strong demand in Mexico and the rest of Latin America for high quality furniture made in the United States. In addition to the new furniture sales, we now have a very large new market for rental return furniture." The announcement of the Mexican sales came only a few days after Aaron Rents announced that its rent-to-own operating division, Aaron's Rent-To-Own(R), had sold its first franchise and had received strong response to initial marketing efforts. The company has targeted smaller U.S. markets for the franchise stores, while continuing to expand company-owned stores in major metropolitan areas where Aaron's Rent-To-Own(R) has 31 stores. Aaron Rents, Inc., based in Atlanta, operates over 155 stores in 22 states for the sale and rental of residential and office furniture and equipment, in addition to its five furniture manufacturing plants in Georgia and Florida. The company also recently opened its first business equipment rental store in Atlanta. -0- 4/23/92 /CONTACT: Gilbert L. Danielson, vice president - Finance and chief financial officer of Aaron Rents, 404-231-0011/ (ARON) CO: Aaron Rents, Inc. ST: Georgia IN: REA SU:
BR-BN -- AT006 -- 1706 04/23/92 09:33 EDT
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|Date:||Apr 23, 1992|
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