Klaussner closing its doors

ASHEBORO — Klaussner Home Furnishings, a staple of employment in Asheboro and a nationally recognized name in the furniture industry, announced on Monday that it is shutting down operations.

The Randolph County Economic Development Corporation’s website lists Klaussner as the fourth-largest employer in Randolph County with 1,100 workers.

The company released the following statement to workers over the weekend and pinned it to the front of its website on Monday:

“As the result of challenging and unexpected business circumstances impacting our operations, Klaussner Furniture Industries, Inc. and its direct and indirect subsidiaries (“Klaussner” or the ‘Company’) must unexpectedly wind down the operations.

“Klaussner’s lending source has unexpectedly refused to continue to fund the Company’s operations. This outcome was not reasonably foreseeable, but due to these unexpected circumstances, Klaussner can no longer sustain its operations. As a result, Klaussner has made the difficult decision to permanently cease operations and is providing as much notice as possible.

“Klaussner anticipates closing all of its facilities entirely, and that process is underway as of today, August 7, 2023.

“Klaussner is working to provide information and resources to assist with next steps for displaced employees as it becomes available. This information will be communicated directly to employees via the contact information we have on file.

"Any questions should be addressed to these email addresses listed below, which will be monitored and responded to as appropriate:

"- Employees: HR@Klaussner.com
- Consumers (Existing Orders): Consumers@Klaussner.com
- Retailers, Reps and Partners: Partners@Klaussner.com
- Media: Media@Klaussner.com

"Thank you in advance for your patience as we respond — we will respond to inquiries as quickly as possible in this time of transition.

"Sincerely,


Klaussner Furniture Industries, Inc.”

Workers were in shock.

“Prayers for me and the other 1500 people employed at Klaussner Furniture,” employee Tracy Harvey posted on Facebook. “We got an email stating the doors are closed effective immediately. Most have been with KFI for decades.”

Emotions raced through the community as other Facebook reactions were swift.

“I am very saddened and angry for all the employees who stuck with Klaussner Furniture all these years and trusted they would be ok!!!!” posted Tina Tyler VonCannon.  “They closed the doors on them today, no notice, no nothing for those employees!!! This company has been around for many years and sustained this community and brought business to the area. … I pray for all those who lost jobs today!!”

“Klaussner is shutting down?! I hate to see a local, 60 year old business leave town,” Jenna Hill McKenzie posted.

“This breaks my heart,” posted Penny Rowland. “My daddy was with Klaussner, way back in the day when it was Stuart Furniture (in a tiny building in Industrial Park) owned by Stuart Love. Having been around furniture all his working life, Daddy, being the Jack-of-all-trades that he was, did almost everything (and COULD do every job in the plant, including sew), and he retired in Research & Development as a designer and pattern maker. Able to make a nickel squeal, daddy could lay out the pattern for a piece of furniture in a way that ensured minimal waste. 

“What a sad day. What a blow to Asheboro/Randolph community’s economy.”

The company was founded in 1963 by Stuart Love and later purchased by Hans Klaussner in 1979. Klaussner’s management team acquired the company in 2011, then sold it to private equity firm Monomoy Capital Partners in 2017. 

The company was a significant furniture supplier of domestic upholstery, imported upholstery, domestic motion furniture, case goods and mattresses, with over 70% of its products produced domestically at its five manufacturing campuses in North Carolina. Licensed products included the Trisha Yearwood Home Collection and Stacy Garcia Home.