U.S. – Masonite International Corporation announced that it has completed the acquisition of Door-Stop International Limited (“Door-Stop”). Door-Stop is the United Kingdom’s largest online distributor of composite residential doors and door sets.
La Polar withdraws from the Colombian market
COLOMBIA – The Board of Directors of Chilean retail chain Empresas La Polar S.A., decided on its meeting of February 27, to withdraw from the Colombian market.
Sales of American Haworth up 7,3% in 2013
U.S. – Michigan Haworth Inc announced 2013 global sales of USD 1.41 billion, an increase of 7.3% from 2012.
Masonite reports positive net income in 3Q-2013
U.S. – Masonite International Corp., the global leader in door manufacture, reported that its third-quarter net income was USD 3.6 million, compared to net loss of USD 9.9 million in the comparable quarter last year.
Spanish furniture seeks market opportunities in Colombia and Mexico
SPAIN – The National Association of Furniture Manufacturers and Exporters of Spain, ANIEME, organized a trade mission to Colombia and Mexico from November 7 to 15.
Sofia Vergara Collection Introduced At Rooms To Go
U.S. – On October 22nd furniture retailer Rooms To Go announced the launch of its furniture line with Modern Family star, Sofia Vergara. The collection consists of sofas, tables, dining rooms, bedrooms and accessories and will be available exclusively at all Rooms To Go stores.
Bartira, Latam’s largest furniture manufacturer to be taken over by Grupo Pao de Azucar
BRAZIL – Via Varejo S.A, a unit of Grupo Pao de Azucar responsible for the furniture, appliances and online sales business, is citing an Extraordinary Shareholders’ Meeting to be held on October 31 to determine the exercise of the purchase option of 75% of equity shares of Bartira Moveis, currently held by its founders, the Klein family.
Steelcase to close plant in Germany and open a new one in the Czech Republic
GERMANY – On October 17 Steelcase announced plans to close the plant in Durlangen, Baden-Württemberg, Germany and establishing a new manufacturing facility in Stribro near Pilsen in the Czech Republic.
Wilsonart LLC to Acquire Durcon Incorporated
U.S. – Wilsonart LLC announced an agreement to acquire Durcon Incorporated, the world’s leading manufacturer of laboratory-grade work surfaces, best known for its durable epoxy resin surfaces. The Taylor, TX-based Durcon will operate as a new, independent business unit of Wilsonart.
IKEA Group continues to increase sales
SWEDEN (Notifix).- The IKEA Group total sales increased to EUR 27.9 billion ($37.38 US billion) in the financial year 2013 ended August 31st, an increase of 3.1% compared to the previous year (+3.6% adjusted for currency impact). Sales in comparable stores grew by 1.8%. “Value for money is increasingly important to our customers – and our sales development shows that people all over the world appreciate our concept of good quality, well-designed products at low prices”, said President and CEO Peter Agnefjäll.
External Markets of Colombian RTA Furniture Adjust
COLOMBIA (Notifix.) – Although the value of Colombian RTA exports during the January – July period showed no growth compared to the year before, this period was characterized by a shift in the importance of the destination countries.
Good performance for Herman Miller in 1Q of fiscal 2014
U.S. (Notifix) – Herman Miller, Inc. announced results for its first quarter ended August 31, 2013. Net sales in the quarter totaled $468.1 million, an increase of 4.1% from the same quarter last fiscal year. New orders in the first quarter were $471.2 million, 4.2% higher than the prior year period.