SWEDEN – Nobia Group, one of the largest global kitchen furniture manufacturer, closed its 2019 balance sheet at a good level.

GERMANY – With sales of 616 million euros, Häcker Küchen achieved a growth of 2.3 percent in the 2019 financial year (2018: 602 million euros). This excellent result reflects the continuation of the positive trend the recent years.

CANADA – Novacap, one of Canada’s leading private equity firms, announce that Bestar, one of its portfolio companies and a manufacturer of ready-to-assemble (RTA) furniture, has acquired Bush Industries, a leading American manufacturer of case goods and RTA furniture for the office and home.

CHINA – In Hangzhou City, capital of Zhejiang Province, three Chinese companies announced new investment projects in the state of Nuevo León in Mexico that will surpass USD160 million and create more than 1,850 new jobs.

U.S. –  Workplace and home furniture manufacturer Knoll, Inc. announced on January 16 that it will consolidate its manufacturing footprint in North America, resulting in the closure of the Company’s Grand Rapids, Michigan manufacturing facility.

CHILE – Chilean furniture producer La Alpina has signed a license agreement with Välinge for the use of Threespine® click furniture technology.

CANADA – Novacap, one of Canada’s leading private equity firms and Foliot Furniture, a leader in the design and manufacture of quality furnishings for the hospitality and educational housing sectors, announced their partnership.

USA – Ashley Furniture Industries, Inc., one of the largest manufacturer of home furnishings in the world, initiated on December 6 the expansion of the Ecru, Mississippi manufacturing and distribution facility.

GERMANY – Orgatec, the world’s leading trade fair for workplace furniture to be held from October 27-31 in Cologne is continuing its impressive growth of 2018.

SWEDEN – Nobia’s Board of Directors has made a directional decision to invest in a new production plant in Jönköping, Sweden, to replace Nobia’s existing factory in Tidaholm in 2024.

USA – Office furniture manufacturer Knoll has sued UK-based rival Senator for alleged patent infringement related to a design feature on Knoll’s Pixel tables.

COLOMBIA – In the first nine months of 2019 (9M-2019) Colombia exported wooden furniture for USD 27.93 million, growth of 15.3 percent compared to the same period of 2018 when exports reached USD 24.22 million.