Wednesday, April 08, 2015 11:08:59 AM
TOANO, Va., April 8, 2015 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, has invested approximately $5 million in a state-of-the-art finishing line in Toano, Va., that more than doubles the production capacity -- and further enhances the quality -- of its hardwood flooring.
This investment -- along with the Company's recently completed 1 million square foot distribution center -- underscores Lumber Liquidators' growth in and commitment to its home state of Virginia, where the Company has invested more than $60 million in the past year and now has more than 500 employees. Features of the new finishing line also support important elements of Lumber Liquidators' value proposition.
One element of the value proposition enhanced by the new finishing line is the warmth and beauty that quality hardwood flooring brings to any home. Lumber Liquidators can now produce in Virginia more flooring that reflects in-demand style trends such as handscraped and wire brushed looks. This is made possible by innovation including the "effects machine" -- a system that catalogs surface characteristics for consistent replication on products. The new finishing line also ensures consistent quality with its precise hardwood curing process, performed while removing small particles trapped in the surface layer.
Another element of the new finishing line is increased efficiency that ultimately creates lower prices for Lumber Liquidators customers. It boasts an automated packaging station that reduces labor cost and completion times. By broadening the options of how bundles of wood can be received by the line, a new vacuum stacker also gives Lumber Liquidators leverage to source materials -- with approximately 50 percent being sourced from North America -- from more suppliers.
About Lumber Liquidators
With more than 355 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 400 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in stock and ready for delivery.
With premier brands including Bellawood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home and This Old House. For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD.
Lumber Liquidators aims to be the industry leader in sustainability. For more information, please visit www.LumberLiquidators.com/Sustainability. Learn more about our corporate giving program at LayItForward.LumberLiquidators.com. You can also follow the Company on Facebook and Twitter.
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
John Feld -- One Simple Plan
Tel: 612.677.2248
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-finishing-line-enhances-lumber-liquidators-production-capability-300062130.html
SOURCE Lumber Liquidators, Inc.
/Web site: http://www.lumberliquidators.com
(END) Dow Jones Newswires
April 08, 2015 10:10 ET (14:10 GMT)
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