VERONA and SALTILLO, Miss. – Ashley Furniture Inds. will spend $22 million and add 130 jobs to support expansion of furniture and bedding production at its Mississippi operations in Verona and Saltillo.
The Verona facility’s $13 million share of Ashley’s investment will include a building addition and new equipment to support furniture and bedding operations across North Mississippi. Ashley will add new jobs are slated for Verona.
In Saltillo, Ashley will invest $9 million to upgrade the existing facility and add new equipment for expansion of bedding products and mattresses. The company is adding 100 jobs in Saltillo.
The company plans to fill the 130 new jobs by spring 2021. Ashley already employs more than 3,000 workers across its four North Mississippi locations in Ecru, Ripley, Saltillo and Verona.
“Ashley Furniture has been doing business in the state of Mississippi for more than two decades, and we look forward to continuing to expand our company footprint here,” President and CEO Todd Wanek said in a release from the Mississippi Development Authority.
The Mississippi Development Authority is providing assistance for infrastructure improvements and the relocation of equipment. Lee County and the Tennessee Valley Authority also are providing assistance for the expansions. Three Rivers Planning and Development District will oversee the grant administration.
I’m Powell Slaughter, senior editor at Furniture/Today. I returned to the publication in January 2015 after nine years of writing about furniture retail strategies and best practices at a monthly magazine focusing on home furnishings retail operations. Prior to that, I spent 10 years with F/T covering wood furniture, the last five of those as case goods editor. Upon my return to F/T, I developed coverage of the logistical and service aspects of the furniture industry as well as following the occasional, home office and home entertainment categories. In April 2018 I took over the upholstery category, with responsibility for coverage of the fabric and leather stationary and motion upholstery, recliners and massage chair categories.