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Woodworking Industry News

Bassett Furniture names new member to board of directors

BASSETT, Va. — Bassett Furniture Industries Inc. elected James E. Goergen to its board of directors beginning July 22, 2025. “We welcome Jim Goergen to the Bassett Board of Directors,” said Rob Spilman, Chairman and CEO. “We are excited to have someone with his industry experience and track record to join the Bassett board. Jim’s background as a CEO and CFO with years of experience in the interior design, sourcing and technology fields will be a tremendous additive to our strategic planning and operational execution as we move forward.”

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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