Hobart Cabinet Leaves Area ; Family's Last Brand in Area Taking Only a Few Employees to Hunkar Site in Kentucky.

Summary

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TROY -- Hobart Cabinet Co., the last family-owned Hobart company founded more than a century ago here, has been sold to a Cincinnati- based company and has moved production to northern Kentucky.

Founded in 1906, the cabinet and office furniture manufacturer had been beset by significant increases in steel costs, followed by the loss of its primary banking relationship and main line of credit, said Martin Hobart, the fourth generation to lead the company. The company also lost its largest customer, a fourth of its business.

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Extract

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Hobart Cabinet Leaves Area ; Family's Last Brand in Area Taking Only a Few Employees to Hunkar Site in Kentucky.

Last July, the company filed for Chapter 11 protect...

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