Tibbetts Lumber Co. LLC has agreed to acquire Pensacola, Florida-based D & M Truss Co. The transaction is expected to close later in 2022.
North American Specialty Laminations announces their new 57,000 square foot greenfield manufacturing and distribution location in Roanoke, Virginia.
Masonite International Corporation announced a Euro 5 million investment in the Circular Innovation Fund L.P., a venture capital fund dedicated to advancing the circular economy by investing in growth-stage companies across North America, Europe and Asia.
JELD-WEN Holding, Inc. appoints Catherine A. Halligan to its Board of Directors. This announcement adds a fourth woman to JELD-WEN's Board of Directors and expands it to eight members, seven of whom are independent.
The Association of Furniture and Woodworking Enterprises of Russia declares the need for the govermnent to introduce protective duties on furniture imports into Russia.
In July 2022 Brazilian exports of wood-based products (except pulp and paper) dropped 7.5% in value compared to July 2021, from $465.6 million to $430.8 million.
Jeld-Wen Holding, Inc. has initiated a comprehensive review of strategic alternatives for its Australasia business.
After installing a new RoRo StretchPack door packaging line to replace a heat shrink oven, Skantrae has doubled its packaging capacity.
American Woodmark Corporation announced results for its 1Q of fiscal 2023 which ended July 31, 2022. The Company experienced growth in all sales channels during the 1Q of fiscal 2023 versus the prior year period.
Wellborn Cabinet Inc. invests in Oxford West Industrial Park, Alabama expansion project, creating 415 jobs. Construction on the project is set to begin in spring 2023, and start-up of operations in fall 2024.
Masonite International's consolidated net sales were $762 million in the 2Q 2022, a 15% increase from $662 million in the 2Q 2021. Total company gross profit was $179 million in the 2Q 2022, an increase of 9% compared to $164 million in the 2Q 2021. Net income was $59 million in the 2Q 2022 compared to $35 million in t...
HNI Corporation has completed the sale of its China – and Hong Kong–based Lamex office furniture business. The business was acquired by Kokuyo Co., Ltd. for $75 million, subject to standard post-closing adjustments.
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, announces the sale of its client, Perfection Custom Closets, to Kambium, Inc. Perfection Custom Closets is a leading custom closets company in the Chicago area.
Following its historic $100 million-plus verdict in the U.S. District Court for the Eastern District of Wisconsin, Raffel Systems, LLC plans to urge three federal agencies to investigate Chinese furniture manufacturer Man Wah Holdings Ltd., Inc. for alleged unfair competition practices and intellectual property theft.
Metrie completed its acquisition of Tinder Wholesale, LLC, a two-step distributor of interior and exterior millwork. The acquisition of Tinder is Metrie’s third acquisition within eighteen months.
Masonite International Corporation announced the opening of a new plant in Stoke-on-Trent, England. The facility combines the previous Solidor production and storage sites into one manufacturing hub.
Currently, company continue to make only a minimum amount of sales sufficient to generate enough local currency to pay employees in Russia.
JELD-WEN Holding, Inc. announced Julie C. Albrecht will join JELD-WEN as executive vice president and CFO, effective July 18, 2022. She will replace EVP and Acting CFO David Guernsey who will transition into another leadership role.
The Swedish retailer IKEA plans to sell its plants in Russia. Earlier, IKEA has paused operations of its stores and three woodworking factories in Russia.
The U.S. Customs and Border Protection reversed its January 27, 2022, decision that found U.S. importer BGI Group (doing business as U.S. Cabinet Depot) had evaded antidumping and countervailing duty orders on wooden cabinets and vanities and components thereof from China.