GUATEMALA – Idea Italia has chosen Välinge Innovation’s groundbreaking Threespine Click Furniture Technology to enhance their product line with easy-to-assemble kitchen cabinets, as they expand further into the North and South American markets.
RTA Muebles Targets Sustainability
COLOMBIA – RTA Muebles, Colombia’s leading RTA furniture manufacturer, exemplifies sustainable production practices.
Masterbrand Buys Supreme Cabinetry Brands for USD 520 million
USA – MasterBrand, the nation’s largest kitchen cabinet manufacturer, has announced its acquisition of Supreme Cabinetry Brands, Inc. for USD 520 million.
MasterBrand Sales Down in 1Q-2024
USA – MasterBrand, Inc., the largest residential cabinet manufacturer in North America, recently disclosed its financial results for the first quarter of 2024 (1Q-2024).
Hacker Kuchen Sales Down 7.6% in 2023
GERMANY – Häcker Küchen GmbH, a prominent German kitchen furniture manufacturer, achieved a revenue of EUR 726 million in 2023, that represented a decrease of 7.6% compared to 2022 (EUR 786 million) with exports comprising 40% of total sales.
Nobia Announces Closure of Halifax Manufacturing Facility
ENGLAND – Nobia has announced plans to consolidate its manufacturing operations in the United Kingdom, a pivotal step in its ongoing UK transformation strategy.
Dorel Announces 4Q-2023 Results and Restructuring Plan
CANADA – Dorel Industries, a well-known Canadian manufacturer of home and children’s furniture, has announced a significant restructuring plan following its fourth-quarter earnings report.
Sauder Teams Up with Kenco for eCommerce Logistics
USA – Kenco, a prominent third-party logistics (3PL) provider, has announced a significant collaboration with Sauder Woodworking Co., a major player in the ready-to-assemble furniture industry (RTA).
Steelcase One of the World’s Most Admired Companies
USA – Steelcase has once again secured its position among the globe’s most respected brands on the Fortune 2024 World’s Most Admired Companies list, marking its 18th consecutive year.
Nobia Agrees to Sell and Lease Back a Factory Property in Sweden
SWEDEN – Nobia has agreed to sell its under-construction kitchen factory property in Jönköping, Sweden, to Hines, a global real estate firm, for SEK 1,350 million (USD 129 million).
Kuka Home Announces Plant Expansion of USD 150 million in Mexico
MEXICO – Kuka Home Mexico, a leading Chinese company in the production of high-end upholstered furniture, has officially expanded its plant located in Interpuerto Monterrey, Nuevo León.
Sauder Recognized for Customer Support for 19th Consecutive Year
USA – For the 19th consecutive year, Sauder Woodworking Co. has been honored with the Center of Excellence recognition for its customer support contact center.