USA – NeoCon revealed the winners of the 2022 edition of the prestigious Best of NeoCon Awards.
Steelcase To Acquire Halcon For USD 127.5M
Fortune Brands to divide in two; Cabinets to become an independent Business
USA – Fortune Brands , an industry-leading home and security products company, announced that it intends to separate into two publicly traded companies.
Matak incorporates Threespine Technology to its furniture
MALAYSIA – Matak, a Malaysian furniture producer, recently invested in a completely new machine line from SCM specifically configurated for complete Threespine profiling.
Tvilum Reports a 20% Sales Increase Despite Volatile Market Conditions in 2021
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.
Record Year For Nobilia
GERMANY – In 2021, Nobilia, one of the largest global kitchen furniture manufacturer, maintained its robust growth despite the difficult conditions associated with the ongoing coronavirus pandemic.
Historic growth in Spanish furniture exports of more than 25% in 2021
SPAIN – International sales of the Spanish furniture sector have not stopped growing at a very good pace throughout 2021, showing a clear recovery month by month.
Connection acquired by the Flokk Group
Norway – Flokk, a leading European manufacturer of office seating products, acquires UK-based Connection Seating Ltd., expanding its footprint in the strategically important UK market and underpinning its international growth strategy.
High costs impact American Woodmark results
USA – American Woodmark Corporation, one of the largest Kitchen furniture manufacturers in North America, announced results for its third quarter of fiscal 2022 which ended January 31, 2022.
Ethan Allen Acquires Dimension Wood Products
USA – NC—Furniture maker Ethan Allen acquired Dimension Wood Products, Inc. a Claremont, CA manufacturer of wood frames and machined parts used in upholstered furniture manufacturing.
Steelcase Named One of the World’s Most Admired Companies
USA – For the 16th consecutive year, Steelcase has been named among the world’s leading brands on Fortune’s 2022 World’s Most Admired Companies list in the Home Equipment and Furnishings category. Other leading brands in the same category are Stanley Black & Decker, Whirlpool, Haier Smart Home and others.
Nobia Sales Up 8% in 2021
SWEDEN – Net sales of the Nobia Group, one of the largest kitchen companies in Europe, increased by 8 percent to SEK 13.7 billion ( EUR 1.3 billion) in 2021.