What is the history of Morganton furniture?

Answer 1

Through an exchange of common stock, Drexel acquired control in January 1957 of the Morganton Furniture Co., a producer of case goods (a trade term for wooden bedroom and dining room furniture) and Heritage Furniture, Inc. of High Point and Mocksville, a manufacturer of upholstered furniture. Heritage became a wholly owned subsidiary of what became Drexel Enterprises Inc., and Morganton a division of Heritage. Both acquired companies continued to operate autonomously, producing and selling their own regular brand lines.