LINCOLNTON, N.C. (AP) — A start-up North Carolina furniture company once celebrated as a sign of America’s manufacturing rebound has closed, a year after its head was hosted by President Barack Obama.
Lincolnton Furniture Company was silent Friday, a day after shutting down. President Bruce Cochrane and other company officers did not return messages to The Associated Press.
Company financial officer Ben Causey said manufacturing operations were stopped indefinitely because orders were insufficient. He told The Charlotte Observer that only a few people would remain employed and the next steps were uncertain.