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Woodworking Industry News

Canfor subsidiary expands into Central Sweden

Canfor Corporation announced July 22 that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million (1.15 billion Swedish Krona), including working capital of approximately $39 million.

Woodworking Industry News

DOJ files complaint against furniture retailer alleging it underpaid customs duties

The United States has filed a complaint against Global Office Furniture, LLC (GOF) and its owner Malcom E. Smith alleging that they violated the False Claims Act by knowingly and improperly underpaying customs duties owed on imported office chairs. GOF, located in Myrtle Beach, imports and sells office furniture manufactured overseas in the People’s Republic of China.

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