Conseco Finance Corp. is pleased to announce that Leath Furniture, L.L.C., and 84 Lumber Company have renewed multi-year retail credit progrm agreements with the company.
“We’ve had a great relationship with Conseco Finance,” said Barbara Snow, chief financial officer of Leath Furniture, L.L.C. “We value the people we work with. They’ve demonstrated a lot of integrity. We had other bidders, but our established relationship was the deciding factor.”
Leath has been a client of Conseco Finance since December 1996, 84 Lumber Company has been a client of Conseco Finance since March 1999.
“Each of our clients has very different needs,” said Todd Woodard, president of Conseco Finance’s Retail Credit Division. “We’ve made it our job to understand their businesses from the inside out and design customized credit programs to help achieve their sales goals. Then we set out to service these programs better than anyone else in the industry. We believe that’s the best way to maintain strong client relationships.”
Leath, based in Atlanta, operates 26 stores and two distribution centers in Wisonsin, Illinois, Indiana, Michigan and Florida. In the Midwest, the company’s stores operate as Leath Furniture. In Florida, the company operates five Modernage Furniture stores. Last year, Leath’s private-label credit card brought in approximately $42 million in sales.
84 Lumber, headquartered in Eighty Four, Penn., is the largest privately held supplier of building materials in the U.S., with 406 stores in 30 states from coast to coast. Professional contractors make up 75 percent of sales, which were approximately $1.8 billion in 1999.
Conseco Finance Corp., with total manages assets of $48 billion, is one of America’s largest finance companies. In just four years, Conseco Finance has become one of the top five issuers of private-label credit cards. The company is also a leader in the home equity, home improvement and manufactured housing finance buisnesses. Conseco Finance is a subsidiary of Conseco, Inc., headquartered in Carmel, Inc. To learn more about Conseco, visit [www.conseco.com].