For Immediate Release:

Contact: Jeff Wallner
Powell Company
jwallner@powellcompany.com


POWELL COMPANY OPENS NEW DISTRIBUTION CENTER


MINEOLA, NY - (August 11, 2014) - L. Powell Acquisition Corp, the industry’s leading supplier of RTA and case goods furniture, announced the opening of a new distribution center in Eden, NC. This newly-renovated facility boasts increased storage (approximately one million square feet) and material handling capabilities that are in line with the company’s aggressive growth targets and is located 40 minutes north of Powell’s current warehouse in Greensboro, NC.

The decision to purchase the new Eden Distribution Center resulted from increased demand for Powell products worldwide. “Powell’s continued growth has made it necessary to invest in a fully owned and operated and much larger distribution center to meet the increasing supply demands of our customers”, said Jim Ziozis, CEO. He added, “The new facility is double the size of our Greensboro warehouse, and will enable us to significantly increase the current supply chain footprint to meet emerging and future supply chain needs”.

Current Powell employees will transition to the new facility in late 2014 following the completion of building renovations.

SAP Warehouse Management software will help optimize warehouse activities such as inbound and outbound processing, facility management, storage, and physical inventory counts.

As of October 1st, all customer pickups will move from Greensboro to 136 Gant Rd., Eden, NC 27288.

“Our customers will benefit from the multi-million dollar infrastructure investments Powell is making in technology and automation solutions focused on supporting an ever changing marketplace” said Jim Ziozis.

L. Powell Acquisition Corp. designs, imports, and distributes youth, occasional, dinning, and accent furniture for retailers in the United States and internationally. The company sells furniture through a network of dealers in the United States and internationally. Powell is based in Mineola, NY with additional offices in North Carolina, Southern China, Vietnam, Cebu, and Brazil. Powell has been a leading importer of design driven, high quality products for nearly 40 years. The Company’s success is a result of its service-oriented culture, broad product offerings, multiple sourcing and delivery options, and an industry wide reputation for reliability, integrity and honesty. Visit us at www.powellcompany.com


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