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Flexsteel Industries company history timeline

1893

By 1893, Bertsch had found employment with the McCloud&Smith Furniture Company.

In 1893, the Rolph & Ball Furniture Company began to manufacture upholstered furniture.

1901

By 1901, they sold the company to four tradesmen who set the foundation for Flexsteel

1902

1902: The firm's first catalog is introduced.

The company’s first catalog was sent out in 1902; by the following year the catalog’s 64 pages offered furniture not only for the home but also for commercial use in hotels, lounges, and churches.

1903

The company’s 1903 catalog included sofas, sofa sleepers, divans, and chairs as well as hotel, lodge, lounge, and church furniture.

1917

In 1917, Frank Bertsch bought out the remaining partners’ interest in the company, and soon after, brought his son into the business.

1918

He was able to sell the spring design for use in the seats of European railroad cars, and upon immigrating to the United States in 1918, he founded the Sanitas Spring Company in Minneapolis.

1920

The Grau&Curtis Co. next attempted to move into other areas of the furniture industry, purchasing a dining room and bedroom furniture maker during the 1920s.

1927

1927: Flexsteel spring is added to furniture designs.

The new spring, developed by Swiss inventor E.W. Schlappritzi for European railroad car seating, worked so well that in 1927, the Grau-Curtis Company bought a half-interest in Schlappritzi’s Minneapolis-based Sanitas Spring Company.

1934

In 1934, the Sanitas Spring Company became the Flexsteel Spring Corporation.

1936

Northome furniture continued to be built by hand until 1936.

Two years later, in 1936, the company moved to Dubuque, Iowa and established conveyor production lines.

1946

1946: Company-owned trucks begin delivering furniture.

1948

In 1948, Frank Bertsch died, and Herbert Bertsch took over the company.

In 1948, the company acquired the Flexsteel Spring Corporation (formerly the Sanitas Spring Company).

1955

1955: A plant is established in Lancaster, Pennsylvania.

The company built a second, 220,000 square-foot plant in Lancaster, Pennsylvania, in 1955.

1958

In 1958, the Harrison, Arkansas, plant was developed as a central source for frames.

1965

In 1965, Flexsteel created the Brunswick Converting Division for production and printing of its own 'space age' nylon fabrics.

1969

The company went public in 1969, after posting a net income of $1.17 million on revenues of $25 million.

In 1969, Flexsteel stock was publicly traded for the first time.

1970

The company made a cash purchase of the National Furniture Manufacturing Co. in Evansville, Indiana, in 1970, and entered the exposed-wood furniture market with the introduction of its Charisma chair division.

1970: National Furniture Manufacturing Co. is acquired.

1970 also marked Flexsteel's entry in the exposed wood chair business.

1974

Flexsteel also brought in computerized automation to its production line, beginning in 1974 with the introduction of Gerber fabric cutting machines.

1982

The company opened a new plant in New Paris, Indiana, in 1982, moving part of its RV seating capacity closer to the van conversion center of Indiana.

1982: A plant begins operations in New Paris, Indiana.

1984

The Commercial Seating Group was launched in 1984, serving the healthcare, hospitality and institutional markets.

1985

In 1985, Flexsteel's Ergo Touch adjustable lumbar support system won an endorsement from the International Chiropractors Association.

1991

1991: Revenues drop due to a recession.

1992

By 1992, however, Flexsteel was growing again, outpacing the furniture industry as a whole.

And in 1992, Flexsteel rolled out its moderate-price Grand Haven line of sofas, which hit the mid-range price point of $599-$699, compared to the typical Flexsteel sofa range of $799-$999.

1993

1993: The company celebrates its centennial and launches the Centennial Royale Collection.

1994

RV products were particularly strong, growing at ten to 18 percent through 1994, and making up as much as 35 percent of total revenues.

1995

By 1995, Flexsteel had rebuilt its employee levels to nearly 2,400 workers.

1996

Flexsteel ended 1996 with a 9 percent sales gain.

1997

In 1997, Flexsteel began supplying Carver Yachts with captain's chairs, sofas, and dinette chairs, for its motor yachts that were between 27 and 50 feet in length.

1999

By February 1999, there were 14 Flexsteel Comfort Seating galleries in operation, primarily in the Midwest.

2000

John St John, Flexsteel’s merchandise manager for recliners, stated in a May 2000 HFN article that the company is “growing the business to sell a more fashionable product because we’re selling consumers who would not have ever bought a recliner before.”

In the October 30, 2000 issue of Forbes magazine, the company was named one of the “200 Best Small Companies” for the first time in its history.

In fiscal 2000, Flexsteel’s nine manufacturing plants, 21 Comfort Seating Showrooms, and 259 retailer-positioned gallery showrooms combined to produce more than $286 million in revenues for a net income of $11.9 million.

2001

By early 2001, however, a slowdown in spending due to faltering consumer confidence and a weakening economy began to slightly impact Flexsteel's revenue levels.

2022

"Flexsteel Industries Inc. ." International Directory of Company Histories. . Retrieved June 23, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/flexsteel-industries-inc-0

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Flexsteel Industries competitors

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La-Z-Boy1927$2.0B9,500199
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Ethan Allen1932$646.2M3,369143
Ashley HomeStore1945$4.7B35,000422
Nemschoff1950$92.9M750-

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Flexsteel Industries may also be known as or be related to FLEXSTEEL INDUSTRIES INC, Flexsteel Industries, Flexsteel Industries Inc, Flexsteel Industries Inc. and Flexsteel Industries, Inc.