Norwalk deal falls through

Evans, Gary
September 2008
Furniture/Today;9/8/2008, Vol. 33 Issue 2, p1
Trade Publication
The article reports on the backing off of IRG/Blackbird Capital Investments in purchasing the 106-year-old upholstery manufacturer, Norwalk Furniture Co. after Comerica Bank Inc. has declined to continue funding the company. Manufacturing operations of the company was put to a halt until the financial constraints of the company was settled as stated by a company spokesperson. Joe Mosbrook, former spokesman of Norwalk stated that the deal will not materialize if things did not go as planned.


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