SOURCE: Brewbaker's Furniture
July 30, 2010 10:01 ET
Brewbaker's Furniture of Onaway and Petoskey Is Sold
ONAWAY, MI--(Marketwire - July 30, 2010) - Brewbaker's, northern Michigan's oldest family furniture retailer, announced today it has sold its business to the state's largest furniture retailer, Art Van Furniture. Brewbaker's Furniture, which began in 1959, has two locations in Petoskey and Onaway and billed itself "northern Michigan's largest home furnishings retailer."
"It is with mixed emotions we have made this decision because this business has been strong and profitable and our sons looked forward to carrying on the company name," said Kathy McConnell, owner of Brewbaker's Furniture. "We decided after decades of business this was the best decision for our family and our employees."
"It's really a win-win situation," said Art Van Elslander, Founder and Chairman of Art Van Furniture. "It's one family business shaking hands with another family business and the people of northern Michigan will enjoy the same quality, selection, and value of Art Van Furniture that the rest of the state enjoys."
Art Van Furniture plans to retain the 80-plus employees of Brewbaker's Furniture, including two sons who helped managed the two stores. "This is the only company we would consider selling to because Art Van would continue to provide jobs and growth opportunities for both our stores in Onaway and Petoskey."
We would like to thank all of our employees over the years who have helped to build Brewbaker's Furniture into the success it is today and our northern Michigan customers -- who we will always consider our extended family and friends.