Ashley Furniture Announces $80 Million Expansion in Mississippi

Written with artificial intelligence assistance.

Ashley Furniture Industries will invest $80 million to expand its production operations in Lee County, Mississippi, according to the company. This significant investment will generate at least 500 new jobs in the region.

The expansion will enhance Ashley’s foam and mattress production capabilities in Verona through the acquisition and renovation of an adjacent facility, as well as the construction of a new production plant. Concurrently, the company plans to boost its operations in Saltillo—recognized as the largest mattress plant in the U.S.—with a substantial investment in advanced equipment and operational upgrades.

New BuildingPhoto byAshley Furniture

According to Ashley Furniture, this expansion is designed to improve operational efficiencies and enhance service to customers.

“We are thrilled to announce the expansion of our Verona and Saltillo operations in Mississippi,” said Todd Wanek, CEO of Ashley Furniture, in a statement. “This strategic investment not only reinforces our commitment to growth but also strengthens our ability to better serve our customers. By expanding our capabilities in Mississippi, we are creating new job opportunities and reinforcing our regional presence.”

The Mississippi Development Authority is supporting the project through the Mississippi Flexible Tax Incentive (MFLEX) program, which includes assistance for upgrading fire safety systems. Additionally, Lee County is contributing through a fee-in-lieu agreement.

Governor Tate Reeves praised the expansion, stating, “Supporting existing businesses as they grow and provide new job opportunities for Mississippi workers is a vital component of our state’s economic development vision. This fantastic project further underscores Mississippi’s global reputation as a premier destination for business and manufacturing.”

The expansion is expected to be completed by the end of 2025.