bset founded 1902 founder j. d. bassett charles c. bassett samuel h. bassett and reed l. stone headquarters bassett virginia key people robert spilman jr ceo products home furnishings and fixtures number of employees 1 329 2009 citation needed website www.bassettfurniture.com bassett furniture is a furniture manufacturer and retailer headquartered in bassett virginia united states . it was founded in 1902 by john david bassett charles c. bassett samuel h. bassett and reed l. stone . bassett furniture is one of the oldest furniture manufacturers in virginia and has been producing hand crafted furniture for over 100 years . contents 1 milestones 2 see also 3 references 4 external links milestones edit employees of bassett furniture circa 1900 old bassett warehouse 2010 this section does not cite any sources . please help improve this section by adding citations to reliable sources . unsourced material may be challenged and removed . august 2014 learn how and when to remove this template message in 1900 bassett furniture company was started by john david bassett charles columbus bassett samuel h. bassett and reed l. stone ; which began as a sawmill . it then became a furniture company after j.d. bassett took a trip to winston salem nc to view a manufacturing company . they then pooled their assets together 29 000 for a business that grossed 60 000 of which 15 000 was profit . citation needed in january 1918 the bassett plant burnt to the ground . in 1919 the plant was rebuilt with brick and modernized . 250 additional workers were hired . by 1921 the company had doubled in size . by 1925 the company had again doubled again ; a fire cost the company 800 000 . in 1928 the company moved nine miles into martinsville and added craig furniture manufacturing which became known as wm bassett company . in 1929 another expansion program doubled the size of the martinsville plant in 1930 they announced consolidation and merged the three bassett furniture companies into a single corporation . in 1930 john d. bassett retired as president . in january 1934 they purchased ramsey furniture manufacturing company which became home of bassett superior lines . during world war ii the company s main plant in bassett virginia produced wooden truck frames for troop haulers in europe . 1 in 1949 bassett furniture reached their highest net sales ever recorded . in 1957 the bassett chair company was established . in 1960 bassett furniture became the world s largest manufacturer of wood and initiated their first nationwide marketing campaign . in 1964 the company became the first to advertise in reader s digest . citation needed in 1967 bassett furniture opened their first retail outlet . in 1971 the company purchased e.b. malone bedding company . in 1984 bassett furniture launched the bassett gallery program . in 1999 the company sold its mattress division . in 2004 bassett furniture acquired all of lrg furniture stores . on april 10 2009 bassett posted an 8.7 million dollar loss . on january 25 2012 john d. bassett iii who had left bassett furniture co. announced he had invested 8 million to buy and re open a vacant factory using money he received as the result of a successful antidumping case he d won against a chinese competitor . 2 the re opened factory is a part of vaughan bassett company which is distinct from bassett furniture co. bassett headquarters 2010 see also edit virginia portal references edit this article includes a list of references but its sources remain unclear because it has insufficient inline citations . please help to improve this article by introducing more precise citations . august 2014 learn how and when to remove this template message general references 800 000 fire at bassett . feb. 24 1925 . incomplete short citation the decline of an american furniture maker . the new yorker . july 10 2014 . http www.newyorker.com business currency the decline of an american furniture maker bassett more than a brand name . roanoke times . july 31 1983 . bassett furniture industries of bassett virginia . virginia record . sept. 1959 . incomplete short citation over 100 years . bassett heritage notes . sept. 14 2002 . incomplete short citation macy beth 2014 . factory man how one furniture maker battled offshoring stayed local and helped save an american town . little brown and company . isbn 0316231436 . citations grover h. mccall superintendent of the plant during world war ii original research factory man how john bassett iii fought for his furniture business . wall street journal . july 15 2014 . retrieved 2014 08 16 . external links edit official website retrieved from https en.wikipedia.org w index.php title bassett furniture & oldid 710893141 categories furniture manufacturersfurniture retailers of the united statesmanufacturing companies based in virginiahenry county virginiamanufacturing companies established in 19021902 establishments in virginiacompanies listed on nasdaqhidden categories all articles that may contain original researcharticles that may contain original research from august 2014all articles with unsourced statementsarticles with unsourced statements from august 2014articles needing additional references from august 2014all articles needing additional referencesarticles lacking in text citations from august 2014all articles lacking in text citationsarticles needing more detailed references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 19 march 2016 at 17 56 . text is available under the creative commons attribution sharealike license ; 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