NORWALK, Ohio–Norwalk Furniture said it temporarily suspended operations beginning last Friday until internal issues regarding its current banking partnership can be resolved.
The 106-year-old family-owned manufacturer of custom upholstered furniture said in a statement that it “anticipates that operations will resume soon, and that Norwalk Furniture will fulfill all current and future orders in a timely manner.”
The statement blamed the circumstances on larger credit and banking woes in the country.
James Gerken, chairman of Norwalk Furniture, said, “We are committed to restarting operations as quickly as possible.”
Norwalk makes and sells custom upholstery under the Norwalk, J. Raymond and Hickory Hill trade names. It also has a network of retail stores, Norwalk–The Furniture Idea, which includes company and independently owned franchised furniture stores throughout the United States and Canada.