SWEDEN – Pervanovo, the parent company of Bjelin industries in Croatia and Välinge Group in Sweden, has through its subsidiary Välinge Croatia signed an agreement to acquire 85% of the shares in the Croatian furniture company Spin Valis.

SWEDEN – Nobia, one of the largest Kitchen furniture manufacturers in Europe, is building a unique production facility of more than 123 000 square metres, which is to become Europe’s most modern kitchen factory.

USA – American Woodmark Corporation will increase its stock kitchen and bath cabinet capacity for east coast markets.

USA – Cabinetworks Group, the country’s largest independently owned manufacturer and distributor of kitchen and bath cabinetry, announced, in collaboration with the State of Pennsylvania, a plan to expand its Mount Union facility in Huntingdon County, Pennsylvania.

POLAND – Unilin Technologies announced that furniture producer Intermeble has signed a license agreement for their click furniture technology.

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.