About seven months after the Harden Furniture company ceased local operations, its former CEO is continuing efforts to reacquire the company’s brand assets and to sell its plant complex in McConnellsville which he owns.
Greg Harden said Friday there are “still active negotiations” over the company’s intellectual property, and it is “too soon to call.”
The intellectual assets including the Harden company’s brand name are owned by Big Shoulders Capital (BSC) of Illinois.
Meanwhile, the former company plant property in McConnellsville “will be sold,” said Greg Harden, adding there are “environmental issues to resolve and that has taken far more time than anticipated.” He had said in December that he hoped to complete a sale of it by the end of the 2019 first quarter. He has not identified the pending buyer.
BSC President Todd DiBenedetto could not be reached for comment regarding the status of the Harden company intellectual assets.
BSC had acquired certain company assets at an auction in January 2018, and earlier this year conducted a sealed-bid auction for the intellectual property including a Feb. 1 due date for bids. But no results have been reported, and Greg Harden said in late February that he was in contact with BSC and might reacquire the brand assets; he said last November he was hoping to buy the intellectual property and potentially restart a furniture-making business on a smaller scale.
Greg Harden had been the fifth generation of Hardens to run the Harden company, which was about 175 years old.
He has said the company at is peak had over 500 employees and a 400,000-square-foot facility. It had a workforce of about 175 as of January last year.