COLOMBIA – In the period January – March 2021 (1Q-2021), Colombia exported wooden furniture for USD 12.1 million, which represents a strong improvement of 49.4 percent compared to the same period of the previous year, when wooden furniture exports reached USD 8.1 million.
Birth of new French furniture giant Alpagroup
President and CEO of Steelcase, Announces Retirement
USA. – Steelcase President and CEO Jim Keane, announces he will be retiring on January 7, 2022, after 25 years with the company, including more than seven years as CEO.
Herman Miller signs agreement to acquire Knoll
Herman Miller signs agreement to acquire Knoll
USA – Herman Miller, Inc. and Knoll Inc. announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at USD 1.8 billion.
Colombian furniture exports maintain positive dynamic
COLOMBIA – In the January – February 2021 period (2M-2021), Colombia exported wooden furniture for USD 7.78 million, which represents a very strong improvement of 55.5 percent compared to the same period of the previous year, when wooden furniture exports reached USD 5.0 million.
Main Cabinet Manufacturers expand sales in pandemic
USA – Sales of the FDMC 300 wood products companies reached USD 57.8 billion in 2020, a slight increase of 1.25 percent over the previous year.
Platinum Equity to Acquire Cabinetworks, largest kitchen cabinet manufacturer in North America
USA – Platinum Equity announced that it has entered into a definitive agreement to acquire The Cabinetworks Group from American Industrial Partners and other equity holders.
CSIL publishes the 2021 edition of its “Top 200 Furniture Manufacturers Worldwide Report”
ITALY – The report, Top 200 furniture manufacturers worldwide, aims at identifying the leading players operating in the furniture sector, selecting the top 200 global furniture manufacturing companies.
BoConcept and Haworth enter into long-term partnership
American Woodmark sales up 9.1%
USA – American Woodmark Corporation, one of the world’s largest cabinet manufacturers, announced results for its third fiscal quarter ended January 31, 2021. Net sales for the third fiscal quarter increased USD 36.2 million, or 9.1%, to USD 432.0 million, compared with the same quarter of the prior fiscal year.
Nobilia sales grow 6.4% in 2020
GERMANY- Despite extraordinary challenges as a result of the coronavirus pandemic, Nobilia, the world’s largest manufacturer of kitchen cabinets, returned to growth last year and thus continued its successful course.
Positive business development for Hacker in 2020
GERMANY – In the 2020 financial year, Häcker Kitchens, one of the largest kitchen furniture manufactures in Germany, achieved a sales increase of 4.9% to EUR 646 million (2019: EUR 616 million). With this positive result, the successful development of recent years has continued.