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The upholstered furniture manufacturer, which occupied a 120,000-square-foot building in Iuka owned by Tishomingo County, employed about 35 people at its plant.
Tishomingo County Development Foundation Executive Director Gary Matthews said the company was unable to secure operating capital in order to stay open.
Meridian's departure leaves two furniture manufacturers in the county, Max Home and Jamco. Together, they employ about 190.