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materiality 0.60
Culp announces restructuring plan; discontinuing mattress fabrics ops in Quebec
CULP INC
- Gradual discontinuation of mattress fabrics manufacturing in Quebec, Canada; equipment relocation to Stokesdale, NC.
- Consolidation of mattress fabrics sewn cover operation in Haiti from two buildings into one.
- Rationalization of upholstery fabrics finishing operation in Shanghai, China.
- Restructuring presentation posted on company website on December 4, 2024.