Recliner maker Southern Motion to hire 600, invest $20 million in Lee County

This is a April 11, 2007 photograph of the corporate offices of Hancock Fabrics in Baldwyn, Miss. On Thursday, April 19, 2007, a U.S. Bankruptcy Court approved plans to help Hancock Fabrics, generate more cash by borrowing money to continue operating while it reorganizes its business. (AP Photo/Rogelio V. Solis)

BALDWYN, Miss. (AP) – One of northeast Mississippi’s fastest growing companies will take over the former headquarters of a regional mainstay that dissolved in bankruptcy.

Southern Motion announced Wednesday that it will spend $20 million and hire 600 people over five years as the reclining furniture maker moves into a 758,000 square foot building in Baldwyn. Former owner Hancock Fabrics closed after seeking bankruptcy protection earlier this year.

Mississippi Development Authority spokeswoman Tammy Craft says the state is providing $2 million for building modifications. Lee County is providing property tax breaks worth a projected $800,000 over 10 years. The Tennessee Valley Authority provided unspecified assistance.

Pontotoc-based Southern Motion has 1,200 employees there and 250 in Baldwyn. The company plans to start operating the new Baldwyn location in January.

The average wage wasn’t disclosed.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s