American of Martinsville · Martinsville, VA United States
Company Description
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This link will open in a new window American of Martinsville strongly believes in Southern hospitality. Based in Martinsville, Virginia, the company produces guest room furniture (chairs, tables, sofas, bureaus) for hospitality customers, such as Four Seasons and Ritz-Carlton . It also sells to institutional customers, including hospitals, assisted living centers, and the US government. The company makes all its furniture at its 1 million-sq.-ft. manufacturing plant. Founded in 1906 American of Martinsville was a subsidiary of furniture maker La-Z-Boy until it was sold to private equity firm Hancock Park Associates in mid-2006 for an undisclosed amount. To read the full description, subscribe now.
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Key American of Martinsville Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | April |
| Employees | 800 |
American of Martinsville Executives
5 executives listed for American of Martinsville's Martinsville, VA location.
| Title | Name & Bio | Contact |
| President | Noel Chitwood | Network |
| SVP Operations | Michael Padgent | Network |
| VP Finance and Administration | Michelle Whitlock | Network |
Competition
Competitive Landscape for American of Martinsville
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Imports are a major competitive factor, totaling more than $26 billion a year, and many US manufacturers have factories overseas, where labor and production costs are lower than in the US. Foreign competition and production overcapacity have combined to keep prices low. Additionally, despite automation, the made-to-order nature of much of the business means that the industry is fairly labor-intensive: average annual revenue per worker is around $250,000. To read the full description, subscribe now.Top American of Martinsville Competitors
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