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re•or•gan•i•za•tion definition: the act or process of reorganizing; in finance a reconstruction of a business corporation, including a marked change in capital structure, often following a failure and receivership or bankruptcy trusteeship. Yes it's common knowledge that Church Chair Industries filed a Chapter 11 back in November 2010. What may not be common knowledge is the fact that Chapter11 is not a dead end. Chapter 11 is a REORGANIZATION. Delta did it; Kmart did it and so did Hostess. Yet no one truly fears buying a plane ticket or using the layaway plan; and we certainly don't lose any sleep over our ability to go out and buy a Twinkie : ) Bottom line: people were not afraid to put trust back into these companies nor did they really express doubts that these companies would bounce back from their financial difficulties. These companies came out of their difficulties stronger and more able to meet their customers needs. Church Chair Industries has truly BOUNCED BACK and has made an amazing comeback from where we were this time last year. There were many mistakes made within the company prior to November 2010. Those affected by these mistakes might see this as an understatement..... but honestly.......who among us has not experienced some type of failure? Henry Ford said “Failure is only the opportunity to begin again more intelligently”. Getting up and starting over is never easy but we have made huge strides in this last year and continue to grow and prosper. Once the Chapter 11 was started all levels of management were revamped. Mismanagement and bad business decisions created the problems but new leadership and management have untangled the mess that we found ourselves in back in 2010. Major changes to internal structure were necessary to the advancement and reconstruction of the company. The new president of the company came in and made adjustments on every level and we are now operating leaner and smarter which allows us to better serve our customers. Trust is so very important to our customers and while that may have been tarnished at one time we feel that we are gaining that back. Church Chair has emerged from our financial storm much healthier and stronger and will continue to strive in serving the world in seating beauty, comfort and quality. Thank you all for your continued support! God bless! Church Chair Industries, Inc. serves the world in seating beauty, comfort and quality. Our reputation for integrity, service and quality has brought us to the present and will continue to serve you in the future.
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