Illinois Tool Works Inc. announced it has closed on the agreement to divest a 51 percent stake in its Decorative Surfaces segment, consisting of Wilsonart and related international businesses, to a fund managed by Clayton, Dubilier & Rice, LLC (CD&R).

Kimball International, Inc. reported net sales of $288.2 million and net income of $5.0 million, or $0.13 per Class B diluted share, for the first quarter of fiscal year 2013 which ended September 30, 2012.

The Association of Woodworking and Furnishings Suppliers is now accepting entries for the 2013 Fresh Wood Student Woodworking Competition.

Diversification has helped The Maui Closet Co. grow its sales 12.2% in 2011. The company was featured in the 2012 WOOD 100.

Ainsworth Lumber Co. Ltd. announced its financial results for the third quarter ended September 30, 2012.

West Fraser Timber Co. Ltd. today reported earnings for the third quarter of 2012 of $55 million and earnings per share of $1.27 on sales of $772 million. For the first nine months of 2012, earnings were $65 million and earnings per share were $1.51, on sales of $2.2 billion.

With potential disaster lurking, cabinet companies should invest in creating secure backups to secure company data.

U.S. residential furniture factory orders grew 8% in August compared to the same period last year, Smith Leonard reported. Year-to-date new orders also showed growth for the second consecutive year, up 5% over 2011 figures.

King Aerospace Commercial Corp. will expand its Ardmore, OK, facility to make room for additional cabinetry, upholstery and panel covering capabilities.