Due to the impact of the COVID-19 virus in the UK and the recent country-wide stay-at-home order, Masonite International Corporation decided to temporarily close all of Masonite’s UK facilities.
Furniture
Jeld-Wen believes it has a strong balance sheet, ample liquidity and solid financial flexibility with no significant long-term debt maturities until 2024. Out of an abundance of caution, Jeld-Wen recently enhanced its cash position by drawing down $100 million on its existing Asset Based Revolving Credit Facility.
With the re-opening of the East Greenville facility, company's primary North America manufacturing facilities will all be operational.
In light of communication from the UK Government regarding the coronavirus (Covid-19), Nobia has decided to temporarily close all of its Magnet kitchen stores in the UK.
Patrick Industries, Inc. has completed the acquisition of Goshen, Indiana-based Maple City Woodworking Corporation, a manufacturer of hardwood cabinet doors and fascia for the recreational vehicle ("RV") market.
Based on the Italian government’s March 21 decision to shut all nonessential factories to attempt to halt the coronavirus outbreak, Knoll, Inc. has suspended production at its two factories in Italy.
American Woodmark Corporation's net sales for the third fiscal quarter increased 3% to $395.8 million compared with the same quarter of the prior fiscal year. Net sales for the first nine months of the current fiscal year increased 1.1% to $1,251.1 million from the comparable period of the prior fiscal year.
Year-on-year, Japan’s December imports of wooden bedroom furniture rose 17% and month-on-month there was a 4% rise.
Year-on-year Japan’s December 2019 imports of wooden office furniture were up 16% but compared to the previous month December imports dropped 8%. China, Poland and Portugal have been the top shippers throughout 2019
ACProducts, Inc. (acpi®) has completed its acquisition of Masco Cabinetry. The two companies have come together to form Cabinetworks Group, a new national leader in kitchen and bath cabinetry.
In 2019, the EU exported wood products with a total value of Euro 22.3 billion, a 1% increase compared to 2018 (Euro 22.1 billion) but below 2017 (Euro 22.4 billion) when exports were at record levels.
Year-on-year the value of Japan’s wooden window imports were down 21% and December imports were down by around the same amount compared to November 2019.
Year-on-year December wooden door imports of Japan were flat as was month-on-month imports. However, compared to the value of 2018 imports there was a 3% increase recorded in 2019. Two shippers, China (62%) and the Philippines (23%), accounted for most of Japan’s wooden door imports in December repeating their performa...
NürnbergMesse has decided to postpone Fensterbau Frontale and Holz-Handwerk 2020. The exhibition duo will not take place as planned from 18-21 March 2020, but at a date in 2020 yet to be specified, in Nuremberg, Germany. The reason for the postponement is the increased spread of the coronavirus and corresponding feedba...
In January 2020, the Brazilian exports of wood-based products (except pulp and paper) declined 8.6% in value compared to January 2019, from $226 million to $206.5 million.
American Construction Source (“ACS”) announced the acquisition of Homewood Holdings LLC (“Homewood”). Homewood will continue to operate under its existing local brand names.
Andritz has successfully completed the start-up of a Universal Shredder FRP in the Kinnarps AB furniture production plant in Kinnarp, Sweden. The Andritz Universal Shredder FRP, type 2000P, is capable of processing up to 4 tons of wood waste per hour from the furniture production plant.
Masonite International Corporation's 4Q 2019 net sales increased 1% to $531 million from $528 million in the comparable period of 2018. FY 2019 net sales were $2,177 million in the year ended December 29, 2019, essentially flat compared to $2,170 million in the comparable period of 2018.
Glimakra of Sweden has signed a license agreement with Välinge for the use of Threespine® click furniture technology. By implementing Threespine, the Swedish producer of interior design solutions will be able to introduce more sustainable products.
Sierra Pacific Windows has reached an agreement to acquire the assets of Merrill, Wisconsin-based Semco Windows and Doors. Sierra Pacific, which already has operations in Merrill, acquired Semco’s 275,000 square foot, main manufacturing facility, along with all production equipment.