GERMANY – Alno AG, one of the largest global kitchen furniture manufacturer, has gained Shun Hing Electric Works &Engineering Company Ltd., Hong Kong China, (“Shun Hing”) as another investor.
Häcker Kitchens launches modern shelf element with sliding door system
GERMANY – Häcker Kitchens has developed a modern shelving system with sliding for both base and wall cabinets.
Finsa launches Atempo, its collection of kitchen components
SPAIN – Finsa has just launched Atempo, a collection of components for high-quality kitchens featuring contemporary aesthetics and ergonomics.
HNI reports double digit earnings growth for 3Q / 2015
U.S. – HNI Corporation announced sales for the third quarter ended October 3, 2015, of USD 615.9 million and net income of USD 40.8 million.
Ashley Furniture will boast the world’s largest upholstery producing plant
USA – Ashley Furniture, a privately owned company and one of the largest furniture manufacturers globally, started Phase 13 of its expansion plan in its manufacturing complex in Ecru, Mississippi, USA.
Masonite announces acquisition of USA Wood Door
U.S. – Masonite International Corporation announced that it has completed the acquisition of USA Wood Door (“USA”). USA is a wholesaler and fabricator of architectural and commercial wood doors in the Eastern United States.
IKEA Group sales grow 11.2% at the end of FY 2015
SWEDEN – Worldwide sales of IKEA Group amounted to a total of 31,900 million euros at the end of fiscal year 2015 (September 1, 2014 to August 31, 2015), growth of 11.2%. Same store sales (SSS) growth was 5.1%.
Sales of Dorel’s furniture division up 29.9% in Q2/2015
CANADA – Canadian furniture manufacturer Dorel Industries Inc. announced results for the second quarter and six months ended June 30, 2015.
BoConcept enters the contract market
DENMARK – Danish furniture group BoConcept has so far predominantly been operating in the market for domestic furniture and interior design, but recently, the group has also supplied furniture for an increasing number of interior design projects in areas such as hotels, meeting rooms, lounges and furnished apartments, Wood Supply writes.
Masonite reports sales decrease of 2.8% in 2Q/2015
U.S. – Door manufacturer Masonite International Corporation reported a net sales drop of 2.8% to USD 476.4 million in the three months ended June 28, 2015, from USD 490.2 million in the comparable period of 2014.
Masonite buys in the UK and sells in France
U.S. – Masonite International Corporation, the world’s leading door manufacturer with headquarters in Tampa, Florida announced two acquisitions in the UK and the the sale of Premdor, S.A.S. (“Premdor”), its door business in France.
IKEA unveils new 2016 catalog celebrating life in and around the kitchen
U.S. – Under the theme “The Little Things That Matter,” the 2016 Ikea Catalog focuses on life in and around the kitchen and celebrates how food – and all the activity around it – brings people together.
