JAMESTOWN, N.Y.- A southern tier based furniture company that had been on sale since 2004 finally has new owners.
A group of senior executives announced Tuesday they had acquired 100 percent of Bush Industries in a management buy out. The purchase secures about 250 jobs for the region.
"For Jamestown, I think this is a pretty significant event, because if a strategic competitor could have acquired us, all the jobs could have gone. Or if someone from China acquired us and imported all the work, all the jobs would have been gone," James Garde, Bush Industries CEO said.
Bush Industries currently employs about 350 people world wide, with offices in China, Nevada and Pennsylvania.
"We got a good team here, we've got a lot of talented people who have worked here a long time, so their reaction was very positive to the news," Garde said.