U.S. cabinet manufacturers reported overall cabinet sales of were down 7% for January 2024 compared to the same month in 2023.
Furniture
The addition of Russell Plywood geographically expands Würth’s core woodworking business in Pennsylvania, Delaware, and New Jersey.
A court in Russia has ordered the seizure of assets belonging to a subsidiary of the global furniture giant worth almost $143 million.
George Dymond will become member of Nobia’s Group management team, and assumes his new role latest by July 1, 2024.
The year-to-date custom sales contributed $768.0 thousand, up 5%, semi-custom sales reached $1.6 million, up 0.5%, and stock sales amounted to $453.1 thousand, down 19.4%.
Kristoffer Ljungfelt is currently Nobia’s Executive Vice President for the UK and will now commence the transition to the CEO role, with the full transition complete no later than July 1, 2024.
Jeld-Wen Holding, Inc. appoints Antonella B. Franzen to its Board of Directors, effective March 1, 2024. Franzen will replace Suzanne Stefany, a Jeld-Wen director since 2017, who notified the board of her decision to not stand for reelection.
The system is designed to handle up to 480 orders per day, offering a more efficient method for customers to collect their purchases.
Gustavo Vianna joins as EVP and President, Europe.
Nobia to focus on the Nordic and the UK markets – divests Bribus to the Dutch long-term investor O2 Capital Partners.
The conference brings together industry experts to discuss trends, challenges, and opportunities in the global softwood log and lumber markets, offering insights and networking opportunities for professionals across the sector.
Currently, the IKEA AI Assistant is available to GPT Plus users in the US market, with plans to expand to additional markets where ChatGPT is available throughout the year.
Founder of Osborne Wood Products, Inc. Leon Osborne to retire; Jeremy McClain announced as CEO.
MITER Brands and PGT Innovations Inc. have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI at a price of $42.00 per share in cash, or an enterprise value of approximately $3.1 billion.
5M Group led a joint venture as the managing partner and completed the acquisition of three hardwood manufacturing companies: Cox Interior, Cox Shavings and Cox Dimensions.
The United States continued to be the primary market for China's wood furniture, accounting for 31% of the total exports.
Nobia has entered into a binding agreement with Hines, a global real estate investment, development and management firm, regarding the sale of the kitchen factory property under construction in Jönköping, Sweden.
Mr. Fracassa has served as Executive Vice President and CFO of The Timken Company.
This termination follows the Masonite Board of Directors’ decision not to submit a revised offer to acquire PGT Innovations, after being notified that the PGTI Board had determined that a revised proposal from MITER Brands submitted on January 12, 2024, was a “superior proposal.”
To make IKEA even more accessible in east Asia, Ingka Group is investing more than Euro 1 billion in new and existing stores in Japan, China, and Korea during the next three years.