Tariffs and import rules impacting U.S. cabinetry and remodel, says researcherTuesday, March 26, 2019
San Jose, CA -
Countervailing duties on plywood and softwood, tariffs on steel and aluminum are "having a profound impact on U.S. cabinetry manufacturers," says John Sherwin (left), a researcher with Freedonia Group.
One-year-old NC furniture maker already plans new plant, 200 jobsMonday, March 25, 2019
Hickory, NC –
Design Foundry, a year-old North Carolina furniture maker, will invest more than $3 million in a new manufacturing facility, creating 200 jobs over five years.
The company will manufacture upholstered furniture in a partnership with an unnamed leading furniture and home goods retailer. The expansion was possible with the assistance from a $1.5 ... Read more
Watkins Industries acquires window millwork firm Lexington ManufacturingSaturday, March 23, 2019
Atlanta, GA –
Watkins Associated Industries has acquired Minneapolis-based Lexington Manufacturing,a full-service window, door and structural millwork component parts supplier, providing a wide variety of machining and fabrication services to meet specific customer needs
Privately held Watkins, based in Atlanta, focuses on creating long-term value by b... Read more
Bavelloni SpA Acquires Glaston Tools SrlThursday, March 21, 2019
Bregnano, Italy –
Bavelloni SpA signed an agreement for the acquisition of 100 percent of the shares of Glaston Tools Srl with Glaston Corp., a Finnish company in the field of glass heat treatment technologies.
"The acquisition of Glaston Tools represents a milestone in the completion of Bavelloni's product range," says Roberto Califano,... Read more
Jeld-Wen's bid to overturn antitrust verdict deniedWednesday, March 20, 2019
San Antonio, TX -
Jeld-Wen's motion to overturn an antitrust verdict stemming from its acquisition of an interior moulded doorskins plant has been denied.
On March 13, Judge Robert Payne, U.S. District Court for the Eastern District of Virginia, denied Jeld-Wen's motions to overturn December's ruling which required the window and door giant to divest its Towanda, Penns... Read more
China continues to dump multi-layer wood floor in the U.S. at below cost says Commerce Dept.Tuesday, March 19, 2019
Washington, DC –
In good news for U.S. producers of multi-layered wood flooring, the U.S. Department of Commerce preliminarily found that Chinese multi-layer wood flooring should continue to be subjected to tariffs and that the amounts should be raised and more Chinese manufacturers covered by them. It follows a 2016-2017 administrative review of the antidumping duty order on the ... Read more
Broyhill furniture brand bought by Big LotsSunday, March 17, 2019
Columbus, OH -
January Construction Starts Rise 2 PercentFriday, March 15, 2019
Washington, DC -
The value of new construction starts in January advanced two percent compared to December 2018, reaching a seasonally adjusted annual rate of $722.5 billion, according to Dodge Data & Analytics. The slight gain followed the loss of momentum that was reported toward the end of 2018, with total construction declines of seven percent in November and 10 percent in ... Read more
Roseburg to acquire Arkansas MDF plantWednesday, March 13, 2019
Springfield, OR –
Oregon-based Roseburg Forest Products has reached an agreement in principle with PotlatchDeltic Corp. to purchase the assets of its subsidiary Del-Tin Fiber LLC, including its medium density fiberboard plant located in El Dorado, Arkansas. The parties expect the sale to close in the first quarter of 2019 after required regulatory approval. The El Dorado MDF plant... Read more
Wood furniture dominates global market with 60% shareMonday, March 11, 2019
High Point, NC –
Wood furniture dominates the global furniture market with more than a 60 percent share in 2017 and is expected to continue its dominance. Global furniture market size is estimated to surpass $750 billion by 2024; according to a new research report by Global Market Insights, Inc.
Superior product finishes along with availability of extensive ... Read more