contact HGO      +1 613.475.4704

 Home / Article: The Factory for sale?

The Factory for sale?

 19 February 2019     Michael J. Knell 

HIGH POINT, North Carolina – According to a leading trade publication, the Bermex Group is in the process of selling its showroom facility here, although it has no plans to vacate the space, which is located at 400 W. English Road here.

According to Furniture Today, the Earl and Kathy Congdon Foundation is looking to buy The Factory – as the facility is known – as part of a plan to create a new events centre that will also include another nearby furniture showroom building called Plant Seven.

Originally built over a century ago as a hosiery mill, the Bermex Group opened The Factory, its High Point showroom facility, immediately prior to the 2012 spring market.The Congdon family purchased the Plant Seven facility – also known as Union Square – about a year ago and is under contract to buy The Factory once a due diligence period has expired at the end of June. A new 25,000 square foot facility will be constructed to connect these buildings and form the Congdon Events Center, a multi-use facility that could be used for meetings, expositions and other business-related events.

The Maskinongé, Quebec based Bermex Group (BDM) acquired the building in 2011 and unveiled the showrooms at the High Point Market in April 2012. Currently all of its major brands – including Bermex, Bertanie, Dinec, Midi and Shermag – occupy the 95,000 square foot, multi-story building, originally an Adams-Millis hosiery mill dating back to the early 1900s.

The Factory also houses showrooms operated by other Quebec-based manufacturers including mattress maker Avanti and upholstery producer Fornirama.

Robert Kelly, the Bermex Group’s vice president of sales for the United States, told Furniture Today the company has no immediate plans to move although they may ultimately occupy a smaller footprint in the facility.

“I think in general, most manufacturers tend to show too much product and don’t focus on what’s new and what’s pertinent,” he said, adding “We would be scaling back in some respect, but as to what level, we haven’t finalised that. We are in the process of determining what the space needs will be, but there will be no changes for the April market.”

Kelly also noted BDM initially planned to lease out more space in the building as its own needs evolved.

“Our plan was to bring in other tenants to offset the square footage we needed, which would still allow us to do a wonderful display,” he said.

“When BDM bought the building, they thought of it as a great investment opportunity,” Kelly continued. “As time went on, we knew it was only a matter of time before someone came forward and offered us a tremendous opportunity to sell.”

Should the sale happen, he doesn’t foresee any immediate change in BDM’s operation. “It doesn’t change anything for us in the near future,” he said. “We will continue to occupy these spaces for the foreseeable future.”

The spring edition of the High Point market will open for its usual five-day run on 06 April 2019.

Related Story: Bermex set to open The Factory


Zucora
TempurPedic Canada
This HGO article was written by:
Michael J. Knell
Michael J. Knell

Michael is the publisher and editor of Home Goods Online. A seasoned business journalist, he has researched and written about the furniture, mattress and major appliance industries in both Canada and the United States for the past three decades.


The HGO Merchandiser
Summer 2019
Summer 2019
Spring 2019
Spring 2019
Winter 2018
Winter 2018
Fall 2018
Fall 2018

 View all editions of The HGO Merchandiser.

  About HGO

Home Goods Online.ca and its accompanying newsletter - HGO This Week - covers the furniture, bedding, appliances, consumer electronics, accessories, lamps and lighting and floor coverings product sectors of the big ticket home goods market in Canada. HGO is also a forum for the dissemination of market research and hard-hitting articles on best practices for Canadian retailers.

  Contact Us
  Home Goods Online

Published by:
Windsor Bay Communications Inc.
P.O. Box 3023; 120 Ontario Street,
Brighton ON Canada K0K 1H0

Tel : 613.475.4704

Fax : 613.475.0829
Mail : contact us