Formerly | Naperville Lounge Company |
---|---|
Company type | Private |
Founded | March 9, 1893 |
Defunct | 1981 |
Headquarters | 200 E 5th Ave, Naperville, IL 60563 |
Kroehler /ˈkreɪlə/[1] Manufacturing Company was a furniture company and was originally incorporated as the Naperville Lounge Company, on March 9, 1893.[2] It was founded by ten original stockholders. In 1896, Peter Kroehler, an employee, offered to purchase the stockholder's interest at its book value. The offer was taken, and at the beginning of 1896 a new group of four partners took over the business. In 1897, the company found a new headquarters next to the C. B. & Q tracks in Naperville IL. On April 6, 1903, Peter Kroehler was made president of the company. On April 1, 1915, the name "Kroehler Manufacturing Company" was adopted, as the company had four factories now operating under various names, which was inconvenient. Kroehler Manufacturing Company later became the world's largest furniture company.[3] During the 1970s, the company started operating at a loss, closing its historic Naperville factory in 1978 and ending its operations in the area. In 1981 Kroehler Manufacturing Company was acquired by the ATR Group of Northbrook, which sold off the furniture plants and the Kroehler name.[4][5]
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