In the year just completed, sales for the FDMC 300 group of companies grew 4.5 percent, to reach $57.171 billion.
This group of cabinet, millwork, furniture and store fixture manufacturers recorded an eighth consecutive year of sales expansion in 2019.
The sales gain fell just short of the 4.75 percent increase in 2018, the previous year. In 2017, sales grew 5.4 percent over the previous year to $52.209 billion. The current long period of growth comes after five consecutive years of sales declines from 2007 to 2011.
The FDMC 300 is a group of the 300 largest cabinet, furniture, millwork, store fixture, office/contract and component producers in North America. This annual summary of wood manufacturing firms' sales performance is published annually by FDMC magazine.
There were 11 companies listed last year that are not included in the FDMC 300, along with other companies added and a few name changes. In 2019, we identified eight companies in the group of 300 that went out of business, a higher than average number.
Most notably, Ikea closed its Virginia operation, its only U.S. manufacturing location. Wood-Mode closed suddenly in May, but was able to reopen later in the year with fewer employees. Elkay Wood Products cabinetry division and Master WoodCraft Cabinetry are now part of ACProducts, Inc.
A full report and complete list of the 300 companies will be published in the February issue of FDMC Magazine, with the list also available on www.woodworkingnetwork.com. To see last year’s FDMC 300, go to https://www.woodworkingnetwork.com/fdmc-300/2018
Have something to say? Share your thoughts with us in the comments below.