U.S.- Revolution Capital Group announced on December 20th that it has completed the acquisition of Tvilum ApS, a subsidiary of Masco Corporation. Tvilum is one of the world’s largest manufacturers of ready to assemble (RTA) products and since 2000 was part of Masco, one of the world’s leading manufacturers of home improvement and building products, with an annual revenue exceeding $7 billion in 2012. This acquisition marks Revolution’s third acquisition of the year, and the firm’s seventh since inception.
Fire at Infodema affects 70% of its production site
CHILE – On the afternoon of December 31st a fire occurred at Infodema’s production plant in Valdivia, which affected 70% of its production equipment.
Wemhoner achieves yearly sales of over €100 million for the first time
GERMANY – The German company for machinery and equipment, Wemhöner Surface Technologies, with production facilities in Herford, Germany and Changzhou, China, achieved sales of over EUR 100 million in 2013, a first in the Company’s 89 year history,
Optimism at The Home Depot
U.S. – Home Depot CEO Frank Blake expects the market to continue growing based on the reports of the property market rallying once again. Behind this assumption
Falabella Group to invest US$ 4,100 million in the region
CHILE – The Falabella Group announced investments of US$ 4,100 million for the period 2014-2017, amount allocated to increase its regional coverage and strengthen its logistics and technological operations.
Madecentro, Colombia’s wood and furniture industry leader continues to grow
COLOMBIA – The year 2013 ends with a new store for the leading company of the wood and furniture industry in Colombia, Madecentro. On December 11, the retail chain of products and services for carpenters and furniture manufacturers, inaugurated a new store in Medellín, Antioquia under the Districondor banner.
Tugo opens its first store in Cali
COLOMBIA – On December 18th Tugo opened its first store in the city of Cali. Thus completing six Tugo stores in the country; three located in Bogotá, one in Medellin and one in Barranquilla.
Placacentro, Epa, Ferrerotal, Preca, Imeca, among several companies in the sector fined by the Venezuelan authorities
VENEZUELA – The latest, in a long list of companies in the hardware and wood sector investigated by Venezuelan authorities on its proclaimed offensive for “fair prices”, was Masisa’s Placacentro of Boleíta in Caracas. On this occasion the company was fined 5,000 tax units (TU) for recorded profit margins of over 2,500%.
Weinig and Homag come to terms on patent dispute
GERMANY – Weinig AG and Homag GmbH, Schopfloch, announced that they have resolved their legal patent disputes with regard to the Homag BMB 900 powerProfiler processing centers amicably and by mutual agreement.
Solinoff celebrates its 25th anniversary with new production facility
COLOMBIA – Colombian manufacturer of systems, solutions and office furniture, and now corporate architecture, Solinoff Corp SA, reaches its 25th anniversary with a new production facility in the municipality of Funza, 14 km from Bogota.
Haworth to use 100% certified wood for its products
U.S. – Haworth, Inc., a global leader in the design and manufacture of furniture, mostly workplace solutions and systems, has announced that by the end of 2015 its goal is to source 100% of the wood used in its production from sustainably managed forests.
Innovations: SmartMount by Tvilum
DENMARK – The RTA furniture manufacturer Tvilum developed SmartMount, a kit for the assembly, installation and mounting of wardrobes.