Culp completes sale of canada manufacturing facility

High point, n.c.--(business wire)--culp, inc. (nyse: culp), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the completion of the sale of its mattress fabric manufacturing facility in quebec, canada. the transaction occurred in the first week of the company's new fiscal year and marks the completion of the restructuring plan announced approximately one year ago. the purchase price for the facility was ca$8.6 million (usd.
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