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.
MasterBrand Finalizes Acquisition of Supreme Cabinetry Brands
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.
Top Colombian Furniture Manufacturers’ Sales grew by 6.5% in 2023
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.
Idea Italia Integrates Threespine Technology for International Expansion
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.