Stanley Furniture's board adopted a rights agreement to protect it from being a target of a takeover. Stanley says its substantial net operating loss carryforwards - as of October 1 totaling $20.4 million. In June Stanley retained Stephens Inc., and saus it is exploring a possible sale or merger.
Window manufacturer Jeld-Wen Holding, Inc. acquired Breezway, a manufacturer of residential and commercial louver window systems, based in Brisbane, Australia. Terms of the deal were not disclosed. The purchase represents the company’s third acquisition in Australia in recent months.
At IWF 2016 in Atlanta, visitors had a chance to get an up-close look at the very anticipated GS Router, a 2016 Challengers Award Finalist. With speed and precision, the GS bridges the gap between nesting on a conventional CNC router and cutting books of panels on a beam saw.
The Masonite door app will help dealers and remodelers display glass options available to customers looking to invest in a new entry door. It provides dealers and remodelers with a tool to showcase different glass designs and help consumers chose a glass that complements other design elements in their home.
Elkay Wood Products is one of America’s leading cabinetmakers in the marketplace, with industry leading brands that include Medallion Cabinetry, Mastercraft Cabinetry, Design-Craft Cabinetry, Innermost Cabinetry, Yorktowne Cabinetry, Woodbridge Cabinetry, Schuler Cabinetry and American Cabinetry Collection.
BA Technologies, a new technology company, will showcase DekTek wireless countertop charging technology for phones, tablets and bluetooth devices at KBIS 2017.
Good organization has been key to Bob Lewis’ success. As president and CEO of two franchises, Closet & Storage Concepts and More Space Place, he has guided the multi-million dollar operation to a leadership position in the home organization industry. He'll share his approach at the 2017 Closets Conference, April 11 in Chicago.
Former Herman Miller executive Jerry Lee Akers is facing felony charges that he bilked the office furniture manufacturer of $1.773 million over a five-year period for natural gas services that were never provided.
The residential furniture industry continues to display slow, but steady signs of improvement, with the year-to-date figures from Smith Leonard’s Furniture Insights showing a 1% gain in new orders over the first 8 months of 2015, and shipments holding about even. We also continue to see a number of manufacturers expanding and/or reshoring, particularly on the upholstered side, due in part to a desire for fast delivery and customization.