PEMBROKE PINES, Fla., Aug. 21 /PRNewswire-FirstCall/ -- Decorator
Industries, Inc. (Amex: DII), a supplier of interior furnishings for
recreational vehicles ('RV'), manufactured housing ('MH') and the hospitality
industry, today announced it has decided to consolidate its Elkhart, IN
manufacturing facility into its Goshen, IN facility. Both locations supply the
recreational vehicle (RV) industry which has been negatively impacted by high
fuel prices, the credit crisis and low consumer confidence. The move should be
completed by October 31, 2008 and will not cause any disruptions in product
offerings or service to the customers.
The Goshen location was chosen because it is closer to most of the
Company's customers and is the better manufacturing facility. The
consolidation will allow the Company to be more efficient and better utilize
the Goshen facility. Additionally, we have room for expansion when business
improves. We expect to retain most of the existing workforce which has already
been significantly reduced by the slowdown in the RV industry.
Statements contained in this release that are not historical facts are
forward-looking statements that could differ materially from actual results.
Primary factors that could cause actual results to materially differ from
those in the forward-looking statements are the level of demand for
recreational vehicles, manufactured housing and hotel/motel accommodations,
the general economic conditions, interest rate fluctuations, competitive
products and pricing pressures within the Company's markets, the Company's
ability to contain its manufacturing costs and expenses, and other factors.
Decorator Industries, Inc., founded in 1953, designs, manufactures and
sells interior furnishing products, principally draperies, curtains, shades,
blinds, valance boards, bedspreads, comforters, pillows, cushions and trailer
tents. Decorator is a leading supplier of such products to the manufactured
housing and recreational vehicle markets and is a growing supplier to the
hospitality industry.
(DIIG)
SOURCE Decorator Industries, Inc.
