ITALY - FederlegnoArredo has announced the establishment of the National Consortium of Furniture Systems (Consorzio Nazionale Sistema Arredo) to enhance sustainability in the furniture sector. Supported by 15 leading companies, the consortium will focus on managing...
USA - Sauder Woodworking, the world's largest manufacturer of ready-to-assemble (RTA) furniture, has announced the appointment of Nolan Pike as President and Chief Executive Officer, effective October 21, 2024. He succeeds Kevin Sauder, who is retiring after more than...
ITALY - A recent article by CSIL Market Research highlights that the European furniture industry is in the early stages of digital transformation, with only a few leading manufacturers fully integrating digitalization into their processes. CSIL’s research shows that...
AUSTRIA - Office furniture manufacturer Bene, one of Europe’s largest, launched a thermal roof renovation project in May 2023, completing it in August 2024. This new roof cuts heating energy demand by 50 percent. Bene also invested in a photovoltaic (PV) system that...
USA - Sauder Woodworking, an FDMC 300 firm, has launched Sauder Supply, a new segment offering cost-effective parts. Specializing in high-quality laminate products, Sauder Supply provides cabinetry, closet, office furniture parts, drawers, and laminate sheets....
USA - Sauder Woodworking Co., North America's top producer of ready-to-assemble (RTA) furniture and one of the leading residential furniture manufacturers in the U.S., continues to demonstrate its commitment to environmental responsibility. In 2023, Sauder’s...
CANADA – Miralis, one of the largest manufacturers of kitchen cabinets in the country, has inaugurated two new production facilities, aiming to boost sales by exploring new markets and diversifying its product range. The company opened a new cabinet plant, named U2,...
USA - MasterBrand, Inc, North America's largest residential cabinet manufacturer, reported its second quarter 2024 (2Q-2024) financial results. “MasterBrand delivered solid financial performance this quarter, with year-over-year adjusted EBITDA margin growth and...
POLAND – The Polish RTA furniture manufacturer Forte, one of the largest in Europe, reported consolidated revenues of €58.32 million (PLN 251 million) for the first quarter (1 April – 30 June) of the 2024/25 financial year (1Q-2024/25), a 5% decrease from the previous year.
USA – Cabinetworks Group, the largest privately owned cabinet maker in the U.S., recently announced the closure of its manufacturing facilities in Marshall and Jefferson, Texas.
USA – MasterBrand, a leading manufacturer of residential cabinetry in North America, has completed the acquisition of Supreme Cabinetry Brands Inc. from GHK Capital Partners LP for USD 520 million in cash.
COLOMBIA – In 2023, sales from Colombia’s top 12 furniture manufacturers reached COP 1,028.5 billion, up from COP 965.8 billion in 2023, marking a 6.5% growth.
