CANADA – Dorel Industries, one of the largest canadian furniture manufacturers, announced that it recently experienced a network security incident resulting in an unauthorized third-party gaining access to certain of Dorel’s systems.
Nolte Named Most Popular Kitchen Brand
GERMANY – Nolte Küchen has been Germany’s favourite kitchen brand since 2015 – and now for the third time in succession.
Tvilum Closes One of its Factories in Denmark
DENMARK – Less than two years after Tvilum, Denmark’s largest furniture manufacturer, acquired the furniture factory in Kjellerup from Steens Group, the company is closing down production.
CSIL: The Top 200 Global Furniture Manufacturers
ITALY – In its recent study ‘Top 200 Furniture Manufacturers Worldwide’, CSIL listed the largest companies in terms of furniture turnover.
HNI Corporation to Acquire Kimball International
USA – HNI Corporation and Kimball International, Inc. announced that they have entered into a definitive agreement under which HNI will acquire all the outstanding shares of Kimball International in a cash and stock transaction valued at approximately USD 485 million.
Nobilia Sales up 11.9% in 2022
GERMANY – With an increase in sales of EUR 177 million, Nobilia, the largest kitchen furniture manufacturer in Europe, once again was able to exceed its previous year’s figures.
Steelcase Named One of the World’s Most Admired Companies by Fortune
USA – Steelcase has been named among the world’s leading brands on the Fortune 2023 World’s Most Admired Companies list for the 17th year, recognized as fourth in the Home Equipment and Furnishings category.
American Woodmark Invests USD 65 million to expand Capacity in North Carolina and Mexico
USA – American Woodmark Corporation, one of the largest kitchen cabinet manufacturers in North America, will increase its kitchen and bath cabinet capacity for east coast markets.
Important Brazilian Presence at Expo Mueble 2023 in Mexico
BRAZIL – In yet another initiative of the Brazilian Furniture Sector Project, 37 Brazilian companies from the furniture sector are preparing to embark for Mexico next month.
Fortune Brands Completes Separation of MasterBrand
USA – Fortune Brands announced that it has completed its previously announced spin-off of the Cabinets business creating two independent, publicly traded companies.
Groupe Miralis Invests USD 33 million in Two New Highly Automated plants
CANADA – Groupe Miralis recently announced a total investment of CAD 45 million (USD 33 million) for the start-up of two new high automation manufacturing plants, one in Saint-Anaclet-de-Lessard (near Rimouski) and another in Québec City.
Door Manufacturer Steves & Sons to Invest Over USD 100 Million in Georgia
USA – Steves & Sons, a high volume and family-owned door manufacturer, will invest over USD 100 million and create 170 jobs over the next three years as it builds a new, state-of-the-art facility in Jackson County, Georgia.