MEMPHIS, Tenn. — SouthWorth Capital Management, a Memphis-based investment company specializing in lower middle market investments, has acquired American Furniture Manufacturing (AFM) and its family of companies for an undisclosed sum.
Headquartered in Ecru, Mississippi, AFM is a vertically integrated manufacturer focused on upholstered, residential furniture, including leather offerings designed for high-volume retail environments. The company operates across two distinct product tiers, Delta and Premier, allowing retail partners to offer multiple price points within their promotional packages while maintaining consistent quality and reliable supply.
Through its subsidiaries Peak Living, Independent Furniture Supply, Delta Furniture Manufacturing, and Southern Fibers, AFM controls key elements of its supply chain, from materials and foam production to hand-sewn upholstery, assembly, and logistics. Collectively, the companies operate more than 700,000 square feet of manufacturing and assembly space and employ over 650 people…