Chapter 3 buys Golden Chair furniture company – Daily Journal – Northeast Mississippi Daily Journal

news_business_greenBy David Helms

Pontotoc Progress

HOULKA – Furniture maker Golden Chair was purchased by Minneapolis-based Chapter 3 Inc. in December, but the company’s headquarters and manufacturing plant will remain in Houlka.

Greg Washington, the owner and president of Golden Chair for the past 30 years, made the announcement recently.

Chapter 3 Inc. is owned by Jennifer and David Schock, who currently live in Minneapolis, Minnesota.

Jennifer Schock, CEO for Chapter 3, said Chapter 3 also will have a small sales and marketing office in Minneapolis.

The new owners said all current Golden Chair personnel will remain with the new company and continue to work for Chapter 3.

Washington will be staying aboard as vice president of manufacturing, Schock said.

Other key managers will be Jeff Lamb, director of operations; Emily DeRosier, vice president design and marketing; Tim Sartin, plant manager; Tommy Taylor, personnel manager; Edie Washington, office manager and Kim Holladay, AP/payroll manager.

“We’re very excited about this new opportunity and excited to help grow the company utilizing this 30 years of valuable experience,” said Schock, who was in Tupelo last week where Chapter 3 was participating in the Tupelo Furniture Market.

Essentially, the company will operate very similar as it did in the past, focusing on accent furniture.

Chapter 3 will be expanding the company to include online retail customers as well as other mid-size brick-and-mortar accounts.

Jennifer Schock has 25 years of retail experience, including the past 14 years in the furniture industry.

She worked for Target for 15 years as a buyer and senior buyer. She then worked for eight years for a Chinese furniture factory and managed the U.S. side of the business.

David Schock, chief operating officer for Chapter 3, is an electical engineer with more than 25 years of experience in manufacturing and project management.

He has worked for Boston Scientific, Barry Wehmiller and other small manufacturing companies.

The Schrocks will commute back and forth between Mississippi and Minnesota for the next few months and will be renting a home in the area.


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