Woodworking Industry News

Fortune Brands acquires residential hardware brands

Fortune Brands Home & Security Inc., an industry-leading home and security products company, announced it has entered into a definitive agreement to acquire the Emtek and Schaub premium and luxury door and cabinet hardware business and the U.S. and Canadian Yale and August residential smart home locks business from ASSA ABLOY Inc. for a purchase price of $800 million, or approximately $700 million net of tax benefits.

Canadian News

Western Forest Products curtails production

VANCOUVER — Western Forest Products Inc. says it will temporarily reduce its lumber production levels for the rest of the year. The Vancouver-based forest products company says the reduction will amount to about 200 million fewer board feet. It says the reduction is being made to manage inventory levels to current market conditions. The reduction will be spread across its B.C. manufacturing business throughout December, but will not interrupt remanufacturing or shipping operations.

Woodworking Industry News

Madison Report: New home sales take wild ride

VANCOUVER, BC, -- Sales of new homes in the US have bumped up and down for the second half of this year and recovered upward once again in October. While it is true that a slowdown is apparent in both construction and home buying activity, it is important to note that new building activity year-to-date remains almost even compared to January - October of 2021.