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Upholstery producer Flexsteel Inds. has agreed to acquire manufacturer and importer DMI Furniture for $44 million, including $27 million in assumed debt. The sale, approved unanimously by both.
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The previously mentioned $2.5 million non-cash expense due to the termination and settlement of a defined benefit plan associated with the prior wholly owned subsidiary, DMI Furniture, Inc.
Complete Rue De Lyon collection by DMI Furniture, Rue de Lyon offers extras throughout and includes an expanded line-up to furnish any office requirement, Constructed.
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