USA – KCMA (Kitchen Cabinet Manufacturers Association) regrets to announce that during its recent board meeting, American Woodmark, MasterBrand Cabinets and Cabinetworks Group notified KCMA leadership of their resignation from the association. 

EE.UU. – Steelcase Inc., one of the largest office furniture manufacturers, informed that it plans to cut back its spending and will cut 180  jobs amid declining orders, inflation and  and supply chain challenges.

USA – Flexsteel Industries, Inc. announced that its Board of Directors, in consultation with its independent financial and legal advisors, has unanimously rejected the unsolicited, preliminary non-binding proposal from CSC Generation Holdings, Inc. (“CSC”) to acquire Flexsteel for USD 20.80 per share in cash.

COLOMBIA – The national export awards in their respective categories were presented by Analdex and ProColombia during the recent National Export Congress.

USA – Wellborn Cabinet a family-owned Kitchen furniture company plans to invest USD 17 million in an expansion project that will create 415 jobs over five years.

SPAIN – Kronospan, the largest global wooden panel manufacturer, is investing more than EUR 400 million in a new manufacturing plant of wood-based panels for the furniture industry in Tortosa (Catalonia).

COLOMBIA – RTA Muebles reached sales of COP 198.8 billion in 2021, which compares to sales of COP 124.8 billion in 2020. This represented an increase of 59.2 percent, the highest among the country’s leading furniture manufacturers.

USA – NeoCon revealed the winners of the 2022 edition of the prestigious Best of NeoCon Awards.

USA – Steelcase, one of the largest global furniture manufacturers, signed a definitive deal to acquire Halcon, a manufacturer of workplace wood furniture, for USD 127.5 million.

USA – Fortune Brands , an industry-leading home and security products company, announced that it intends to separate into two publicly traded companies.

MALAYSIA – Matak, a Malaysian furniture producer, recently invested in a completely new machine line from SCM specifically configurated for complete Threespine profiling.

DENMARK – Tvilum A/S, a global leader in RTA furniture,  released its annual report for the 2021 fiscal year and presented a pre-tax result (EBT) of DKK 35 million (USD 5,1 million) that compares to DKK 91,6 million (USD 13,4 million) in 2020.