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LEA INDUSTRIES RECEIVES 1991 LADD CHAIRMAN'S AWARD

 LEA INDUSTRIES RECEIVES 1991 LADD CHAIRMAN'S AWARD
 HIGH POINT, N.C., April 8 /PRNewswire/ -- LADD Furniture


(NASDAQ-NMS: LADF) chairman and chief executive officer Richard R. Allen announced today that Lea Industries has been selected as the winner of the LADD Chairman's Award for 1991. The Chairman's Award is presented annually to the LADD operating company with the best overall performance for the previous year.
 Allen said, "Lea was chosen as this year's winner based on the company's strong 1991 operating performance, business planning achievements and overall adherence to LADD's philosophy and beliefs." Commenting on the award, Lea president John N. Foster, Jr., said, "We are very proud of this recognition, and consider it a tribute to the many accomplishments made by Lea's employees and managers during 1991." Allen said the LADD corporate management team will present plaques to each of Lea's manufacturing facilities and will honor Lea employees at each location with luncheons later this month.
 A U.S. leader in manufacturing and marketing medium-priced wood bedroom and correlate furniture with particular strength in the youth market, Lea is headquartered in High Point, NC and has manufacturing facilities in Waynesville, NC and Morristown, TN. LADD's other major furniture brand names include American Drew, American of Martinsville, Barclay, Brown Jordan, Clayton Marcus, Daystrom, Design Horizons and Pennsylvania House. LADD also owns and operates two support companies - Lea Lumber & Plywood and LADD Transportation - and its stock is traded ont he over-the-counter National Market System under the NASDAQ symbol LADF.
 -0- 4/8/92
 /CONTACT: John J. Ong, LADD Furniture, Inc., 919-888-6353/
 (LADF) CO: Lea Industries; LADD Furniture, Inc. ST: North Carolina IN: REA SU: PER


CM -- CH003 -- 6154 04/08/92 10:34 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
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