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ASHEBORO, N.C. — According to several local news reports, a Canadian foam and fiber manufacturer, VPC Group, has bought a foam plant and fabrication plant that were operated by Klaussner Furniture Inds. before it closed on Aug. 7.
Both plants are located in Randolph County, N.C., and the new owner intends to rehire former employees, according to court records.
According to WFMY News 2, court documents show that VPC has paid “a substantial deposit, including a non-refundable portion.” Yahoo Finance reported that the deal to buy Prestige Fabricators for $7 million has been approved in N.C. Business Court.
Prestige produced foam materials for upholstery and is reported to have employed about 50 people at the two plants.
