Milwaukee Tool launches a jobsite power tool inventory and control management system that ttracks power tools in the cloud, and monitors and even remotely controls a tool's performance settings. The initial app is free.
Cabinet and building products giant Masco Corp. announced plans to relocate its corporate headquarters by the end of 2016 to a 75,000-square-foot state-of-the-art facility in Livonia, Michigan. The news comes just days after the company released its second quarter findings of 3% overall net sales growth — 7% in North America — to $1.9 billion. Sales were spurred by a 6% jump in Cabinets and Related Products, driven by KraftMaid Cabinetry’s sales growth with home centers and dealers.
Lowe's now carries professional grade Hitachi pneumatic nailers and fasteners exclusively. New Hitachi Power Tool displays are joining the existing lineup of Hitachi tools at Lowe's and are rolling out to stores this month.
Weaber Lumber says parent corporation Weaber, Inc. has been recapitalized by its CEO, the grandson of Weaber's founder, with funding from private equity firm Cyprium Partners. Employing 600, Weaber competes in the $27.2 billion wood products market.
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Summit Custom Cabinets will relocate from Manor to Taylor, TX, bringing with it 22 manufacturing jobs. The cabinetry manufacturer is receiving support from the Taylor Economic Development Commission, with the understanding it has 5 years to create 50 additional jobs.
Richard Brown was named general sales manager at Craft-Maid Handmade Cabinetry, a Redding, PA cabinet manufacturer. Brown will oversee all external and internal sales functions, and creating new products, and coordinating cross-functionally throughout the organization.
Eight woodworking manufacturers received Visionary Awards this morning at the 2015 AWFS Fair for machinery and supplies demonstrating creativity and innovation, as well as leadership in green/environmental product development.
The Home Depot will acquire Interline Brands, Inc., a leading national distributor and direct marketer of maintenance, repair and operations products. The $1.625 billion deal positions Home Depot to profit on the growing apartment and condo market, where the most of the new young householders are making their first homes. Bill Lennie, president, The Home Depot Canada, has been named Executive Vice President to head the operation.