acquisition

Woodworking Industry News

ACPI parent AIP among bidders for Masco Cabinetry division

ACPI cabinetry's parent American Industrial Partners is among the bidders for Masco Corp.'s cabinet business, which includes the KraftMaid, Merillat, Masco Cabinetry, and Cardell Cabinetry brands, according to news sources. Other bidders making it to the second round of a possible $1.2 billion sale include Bain Capital, Clearlake Capital Group LP and W.W. Grainger.

Canadian News

Canfor shutters Vavenby BC sawmill, Interfor buys cutting rights for $60 million

VANCOUVER, BC, Canada — Citing long-term log supply constraints, Canfor Corp. announced June 3 it would permanently close its Vavenby sawmill. The closure will become effective in July, following an orderly wind down, the company said. The news comes a little more than a month after Canfor announced a temporary shutdown of its British Columbia sawmills, Local news sources report more than 170 people will be affected by the Vavenby closure.