Heritage Home Group signs agreement with bidder for Thomasville & Co. and Broyhill brands

High Point-based Heritage Home Group has signed an agreement with two companies to buy its Broyhill and Thomasville & Co. brands, which includes the Drexel and Henredon brands, for $22 million, though competing bids could still be seen.

The announcement comes two days after the company said it would be laying off 712 employees from its Lenoir upholstery and case goods facilities due to delays in securing a bid for the brands. The Lenoir facilities would be included in any purchase of the Broyhill…

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