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Pulaski Furniture Company started in 1955 by the maker of wood furniture based on Virginia.
Pulaski Corporation acquired its first permanent showroom space in Chicago, Illinois, at the American Furniture Market in October 1957.
Bar in 1960, Pulaski obtained the Morris Novelty Corporation, a manufacturer of rare furniture like small tables, in a shift that establish to be a turning point for the company.
1960 Pulaski acquires the Morris Novelty Corporation of Martinsville, Virginia.
An initial public offering of stock in 1962 provided funds to further expand the company, then renamed the Pulaski Furniture Corporation (PFC).
The company changed its name from Pulaski Veneer and Furniture Corporation to Pulaski Furniture Corporation in 1962.
PFC purchased 28 acres of land in Dublin, Virginia, where the company built a wood mill in 1964 to produce the veneer and cross banding used in furniture manufacturing.
A fall 1971 public offering of 125,000 shares of stock, at $33.00 share, prepared the company as the proceeds were used for the expansion of manufacturing and warehouse facilities.
In the year 1976, Pulaski establish the Keepsake Collection, a cluster of homesick furniture pieces such as hall trees and shaving stands, all complete by using golden oak.
Extremely popular, this collection eventually grew to 90 pieces, and in December 1980, Pulaski cut its one millionth piece of Keepsakes.
The exceptional demand for Keepsakes propelled it to quickly become an industry-wide phenomenon, selling its millionth piece in 1982; a milestone that had never been reached to that point.
1982 brought about the introduction of curio cabinets into the Pulaski product line for the first time.
Shortly thereafter, at an auction in 1983, Pulaski bought Coleman Furniture, a case goods manufacturer, whose primary business was manufacturing contract furniture for hotels and the government.
1983 Pulaski acquires Coleman Furniture; the company takes part in a joint venture to form Triwood.
In 1984 Eisen introduced a collection of accent and occasional furniture inspired by Hollywood movies.
The attainment of Gravely Furniture conglomerate in 1985, that contrived mantel, grandfather and wall clocks, released a completely fresh market place for Pulaski.
Completed in 1985, the remaining space was used for a warehouse and offices.
PFC supplemented its product line with the 1985 acquisition of the Gravely Furniture Corporation, the leading maker of grandfather, mantel, and wall clocks.
Renamed the Ridgeway Clock Company, under the ownership of PFC the company's first major project involved the production of 1,986 commemorative, Lady Liberty grandfather clocks for the centennial of the Statue of Liberty in 1986.
Also, in 1989 PFC opened an upholstery plant in Christiansburg, Virginia.
In 1989, it launched its Accentrics line, which departed from the company's traditional focus on nostalgia to incorporate high-end, mixed-media designs at medium price points.
PFC introduced the popular fossil stone table in 1990, a glass-top table, available in different types, with a metal base and fossil stones from the Philippines along the edge of the table top.
In 1990, the company also started a seated upholstery plant in Christiansburg, Virginia.
By the late 1990's, these classic pieces accounted for about half of the company's overall sales.
During the economic recession PFC experienced a dramatic decrease in 1991, to $120.6 million in revenue.
By 1992 the company had developed over 100 models of curio cabinets for collectibles, available in a variety of styles, including French, Italian, 18th-century American, Victorian, and modern.
Export countries included Europe, Asia, Mexico, the Middle East, and Canada, with sales from export at eight percent in 1993.
In 1993 construction to expand plant #1 began in Pulaski to accommodate the technology with a new 75,000 square foot factory, bringing the company's total production, warehousing, and office space to 1.4 million square feet.
With leadership from John Wampler, Bunny Wampler's son, starting in 1993, the corporation became increasingly market-driven, focusing on what the company's customers and their consumers wanted.
After an investment of $13.6 million, full production began in May 1994, running two work shifts, rather than one, each day.
With slow retail sales in 1995, however, all of the company factories operated on reduced schedules, four days a week.
Pulaski joined forces that year with three other companies to form Triwood, a joint venture focused on the manufacture of plywood; this venture ended in 1995.
The company upgraded machine and information centers, to "make more furniture with the same number of people, and to make it faster," according to Wampler, as quoted in an October 1996 High Points article.
In 1996, it joined forces with Heilig-Meyers stores to unveil its 15-item Nascar-themed collection, featuring black-and-white checkered armchairs, toolbox end tables, and a curio for die-cast Nascar racers with carved car pediment and a mirrored racetrack background.
Craftique did not meet the company’s profit goals leading to its sale in 1997.
Through numerous acquisitions and realignments, and under the guidance of newly minted CEO John Wampler (1997), the company began to mold itself into a form that more closely resembles what it is today.
Acquisitions in 1998 reflected the company’s ambition to enhance its core business.
In 1998, Pulaski became a licensee for Precious Moments collectibles and began to make cabinets specifically to hold figurines.
1998 The company sells Craftique and its seated upholstery business.
Craver, Richard, “Virginia Furniture Maker Sues Former Executive and His New Employer,” Knight-Ridder/Tribune Business News, November 29, 1999.
By 1999, Pulaski had sales exceeding $200 million, and curios represented half of its business.
In 2000, John Wampler and other senior executives, with the support of an affiliate of Quad-C Management, bought out the company for $125 million.
2000 Management leads a buyout with support from Quad-C Management; Pulaski closes its Martinsville, Virginia, plant and sells its Dublin, Virginia, plant.
These sales were part of a refining of focus led by Lawrence E. Webb, Jr., who became chief executive of Pulaski in 2003, to concentrate on bedroom, dining room, case goods, and occasional furniture.
Furniture manufacturers as a group experienced an upswing in sales by 2004, in the long-term wake of 9/11 and Internet growth, as Americans spent more time at home.
2005 marks Pulaski Furniture's 50th Anniversary.
In 2005, with revenues close to $200 million, Pulaski introduced a new lighting system in its curios in response to customer demand and reintroduced its line of Keepsakes curios and its Accentrics line of stand alone occasional items.
UnknownMarch 19, 2019 at 7:21 AMIs it possible to still acquire glass shelving for and Pulaski Curio Model # 11196?ReplyDeleteRepliesReply
Rothburd, Carrie "Pulaski Furniture Corporation ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/pulaski-furniture-corporation
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hooker Furniture | 1924 | $433.2M | 1,148 | 13 |
| Cinram Manufacturing LLC | 2003 | $2.2B | 7,595 | - |
| Candle-lite | 1840 | $790.0M | 1,112 | 1 |
| Eastern Plating | 1983 | $16.0M | 20 | - |
| Apollo Plating | - | $10.6M | 2 | - |
| Kayser-Roth | 1958 | $820.0M | 7,500 | 1 |
| Burrows Paper | 1919 | $82.0M | 750 | - |
| FRAM | 1932 | $440.0M | 2,400 | - |
| Heritage Packaging | 1990 | $1.7M | 20 | - |
| Sanoh America | 1986 | $420.0M | 3,000 | 5 |
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