Woodworking Industry News

Woodworking Industry News

Furniture CFO pleads guilty to bilking $18 million from lenders

Norman D’Souza, the former chief financial officer and vice president of finance of a New Jersey-based furniture wholesaler and retailer and of sister-firm Echelon furniture manufacturing in Indiana, pled guilty to defrauding lenders to obtain $17 million in loans from a commercial bank based in New York City and $1 million in municipal loans from Gas City, Indiana.

Woodworking Industry News

Arborite introduces online laminate visualizer tool

Canadian laminate producer Arborite is continuing to expand its digital presence with the launch of its online Visualizer. This new tool allows users to “dream it, build it, see it” by selecting a space from a variety of options, such as retail, hotel, or kitchen, and customizing it to fit their design style using Arborite’s collection of laminate offerings.