In 1972, Lane bought a small reclining chair company in Tupelo, Mississippi named Action Industries. Action Industries was founded in 1970 by Bo Bland and Mickey Holliman. Action sustained tremendous growth through gains in market share and product diversification over the next 20 years becoming a major force in the upholstered furniture industry. Today, the wood and upholstered divisions have become Lane Home Furnishings. Lane Furniture Industries is owned by Furniture Brands International which also owns other well known brand name companies... Broyhill, Thomasville, Drexel Heritage and Maitland Smith.