News should be good June 2 when American Woodmark announces quarterly results for its cabinetry manufacturing business - if hiring plans are any indication of sales. Separately, American Woodmark said founding board member Bill Brandt will retire.
Woodgrain Millwork has announced plans for a $1.86 million expansion to its Marion, Virginia, window and door component manufacturing facility. The investment includes building an 18,000 square-foot addition and new equipment. Woodgrain Millwork also has committed to purchasing more than $4.6 million of Virginia lumber over the next three years, or 78 percent of the mill's timber needs.
According to Kip Tindell, CEO of The Container Store, its custom closet line TCS was a key driver in sales performance for the company in the fourth quarter. However the company announced several new cost-cutting measures including a wage freeze and a reduction in payroll.
Tens of thousands of U.S. businesses - including wood manufacturers and their suppliers - will be affected when new changes to the wage and hour rules take effect December 1. Millions of salaried individuals will now qualify for overtime pay.
The U.S. dealer of Italy's Snaidero R. SpA will be the kitchen and bath cabinetry provider for Chicago's highly anticipated Vista Project residential high-rise, to be its third tallest building in Chicago. Designed by Studio Gang it is funded by China;s Wanda Group.
ProSource Wholesale, a wholesale home improvement franchise that sells to and through professional remodelers and installers, says it completed development agreement to open a new ProSource showroom in Fort Lauderdale Florida.