TAMPA, Fla. — Masonite International Corp. announced that it has entered into a definitive agreement for the sale of all assets associated with the company’s Architectural segment to subsidiaries of IBP Solutions, Inc., a newly formed portfolio company of Industrial Opportunity Partners.The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions.Houlihan Lokey, Inc. acted as Masonite’s financial advisor on the transaction.

Georgia-Pacific said the record-setting 1 billionth board foot rolled off the production line on April 18, five years after the $150 million, 320,000-square foot facility opened in 2019.

SPEARFISH, S.D. – The recent layoff of 50 workers at the Spearfish Forest Products sawmill is directly tied to the U.S. Forest Services’ dramatic reduction of timber sales in the Black Hills National Forest, according to the mill’s owner.

City of Hope's International Home Furnishings Industry fundraising group, with the help of Spirit of Life honorees Flexsteel Industries and KUKA Home, raised more than $1.94 million for the City of Hope.

Watson Furniture Group has completed a multi-million dollar upgrade and expansion, that includes a 10,000-square-foot warehouse addition and new equipment for the production of its contract furniture lines.

Ulrich Bühler is set to retire at the end of April.

NEW YORK — 1847 Holdings LLC, a holding company, announced the execution of a non-binding Letter of Intent with a prospective strategic buyer to sell all assets of 1847 Cabinets Inc.Under the terms of the LOI, the buyer has proposed an enterprise value of $27.6 million for the acquisition of all assets of 1847 Cabinets Inc. The amount, the company said in a statement, represents a 5.91x multiple of 2023 EBITDA of approximately $4.7 million.

Matt Buell tells young woodworking professionals there are times to turn down work.

Crowds packed the Schaumburg Convention Center for the 2024 Closets Conference & Expo, co-located with Wood Pro Expo Illinois.

SACRAMENTO, Calif. – High school seniors interested in pursuing or furthering a career in the architectural millwork industry, have until May 1 to apply for the Woodwork Institute C.E. Bernhauer Jr. Scholarship.