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Lane Industries Incorporated history
Lane Industries Incorporated company history timeline
And in 1983 Lane introduced Italian Art Deco-style polyester-coated furniture before its competitors could adapt their production lines to the technically demanding process.
By 1984 more than 15 million prospective Lane customers had received these promotional gifts.
During the first half of 1986, however, sales volume dropped by one percent and profits by eight percent, a decline attributed largely to the fact that lacquered furniture was rapidly going out of style and competition was increasing.
Several other family members also voted no, but the purchase was approved in April 1987 by a seven-to-two margin.
The company emerged from bankruptcy the following year, and, in August 1994, Interco announced a restructuring.
In 2015, Lane celebrated its 125-year anniversary, and with more than $1 billion in yearly revenues.
Becky Oeltjenbruns Post authorSeptember 8, 2019 at 9:55 pm
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Lane Industries Incorporated competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hall Contracting | 1954 | $13.7M | 5 | 18 |
| TW Perry | 1911 | $31.0M | 350 | 9 |
| Acme Miami | 1977 | $1.6M | 15 | - |
| Vitro America | - | - | - | - |
| Tempo Air | 1966 | $26.3M | 50 | 32 |
| PWI | 1948 | $1.6M | 30 | - |
| StyleCraft Homes of VA | - | $210,000 | 5 | 15 |
| Sol by Sunna Design | 1994 | $1.1M | 10 | 21 |
| Aspen Group | 2003 | $76.7M | 7 | 71 |
| Air System Components | 1999 | $690.0M | 3,000 | 50 |
Lane Industries Incorporated history FAQs
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Lane Industries Incorporated may also be known as or be related to Lane Industries Inc CT and Lane Industries Incorporated.