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Lincolnton Furniture Company Closes One Year After Being Hailed By Obama As U.S. Job Creator

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U.S. President Barack Obama shakes hands with Bruce Cochrane of North Carolina at a forum hosted by the White House on in-sourcing jobs in America on Wednesday, January 11, 2012. Cochrane, who is the owner and CEO of Lincolnton Furniture in North Carolina, was recently forced to close the small business. (Olivier Douliery/Abaca Press/MCT) | Olivier Douliery, Abaca Press / MCT

LINCOLNTON, N.C. -- A start-up North Carolina furniture company once celebrated as a sign of America's manufacturing rebound has closed, a year after its head was hosted by President Barack Obama.

Lincolnton Furniture Company was silent Friday, a day after shutting down. President Bruce Cochrane and other company officers did not return messages to The Associated Press.

Company financial officer Ben Causey said manufacturing operations were stopped indefinitely because orders were insufficient. He told The Charlotte Observer that only a few people would remain employed and the next steps were uncertain.

Lincolnton Furniture opened in December 2011 with 60 employees and plans to grow.

Obama last year invited Cochrane to a White House event on bringing overseas job back to America and he was a guest at the State of the Union address.

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