IMA Klessmann GmbH started construction of an additional production hall in October. The new production facilities, with a total area of about 10,000 square feet, will be used for the assembly, installation and initial commissioning of fully automatic digital facilities for batch size 1 production and should be ready for use in June 2017.
Stanley Furniture's board adopted a rights agreement to protect it from being a target of a takeover. Stanley says its substantial net operating loss carryforwards - as of October 1 totaling $20.4 million. In June Stanley retained Stephens Inc., and saus it is exploring a possible sale or merger.
Window manufacturer Jeld-Wen Holding, Inc. acquired Breezway, a manufacturer of residential and commercial louver window systems, based in Brisbane, Australia. Terms of the deal were not disclosed. The purchase represents the company’s third acquisition in Australia in recent months.
The Masonite door app will help dealers and remodelers display glass options available to customers looking to invest in a new entry door. It provides dealers and remodelers with a tool to showcase different glass designs and help consumers chose a glass that complements other design elements in their home.