There were fewer woodworking companies that closed their doors during the past year than in any year in recent memory, if the FDMC 300 is any guide.
With FDMC 300 research well underway, only five companies have been identified as closed or likely out of business. Work is continuing on the list of leading manufacturers of cabinets, furniture, millwork and store fixtures, and it is possible that one or two other companies may be identified as being closed.
Mastercraft Furniture, an Oregon upholstery and furniture manufacturer, filed for bankruptcy earlier this year. The company had annual sales of $15 million two years ago, and Ikea was a major customer. That’s something that Mastercraft has in common with Zsemba Upholstery, a company that closed in 2014.
Store Kraft closed its Nebraska store fixture operation a year ago. The company had annual sales of $30 million in 2013, and employed 150 making architectural millwork, store fixtures and commercial cabinets.
Hamilton Scientific closed its main operation in Texas where work stations and laboratory furniture were made and is out of that business. We were unable to contact the Wisconsin headquarters of the company.
We’ve been unable to contact Powers, another retail display manufacturer. The suburban Chicago company made store fixtures, contractor casework, retail displays and workstations, with $12.5 million in sales in 2014.
We also have not been able to contact DesignCore, the Brooklyn manufacturer of furniture, millwork and wood components. The company reported sales of $40 million in 2014. Phones were disconnected at New York and New Jersey locations.
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