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Wolf Furniture has a new owner as the head of Pittsburgh-based Levin Furniture is coming out of retirement to save the company from closing.
Late Wednesday evening, Robert Levin reached an agreement to acquire the Pennsylvania and Ohio assets of Levin Furniture and Wolf Furniture through a court restructuring of the parent company, Art Van Furniture LLC. Last month, Crains Detroit reported that Warren, Mich.-based Art Van Furniture was exploring Chapter 11 bankruptcy.
Art Van Furniture acquired Wolf Furniture and Levin Furniture in November 2017.
"I'm coming back as the owner of Levin Furniture for the employees who were at risk of losing their jobs. They are the most loyal, dedicated and hardworking people I've ever known. It will be a privilege and honor to once again lead this company as we prepare to celebrate 100 years in the furniture and mattress business," Levin said.
He added, "I am thrilled to welcome the Pennsylvania Wolf associates to our Levin family and look forward to getting to know them."
Levin thanked the customers and assured them that all of their deposits and purchases are safe and secure.