A new Centrotec Installer Set from Festool provides a wide range of precision drilling/driving bits for jobsite work and onsite installation.

Arauco has acquired 50 percent of Tafisa's assets, including 10 composite panel mills in Europe and South Africa, for $150 million.

Upholstered furniture and casegoods supplier Cisco Brothers Corp. has acquired Environment, a manufacturer of contemporary-style furniture. Terms of the acquisition were not disclosed.

CCI Media, Inc., publisher of the leading wood manufacturing magazine FDMC, announced that it has acquired Woodworking Network, the top media and events channel for the woodworking industry.

CCI Media will acquire Woodworking Network, part of a larger deal by Vance Publishing to sell all of its assets to Farm Journal Media, Bobit Business Media and CCI Media, Inc. Following the deal, Vance Publishing will ceasae operations.

SuperMax Tools announced the launch of a redesigned SuperMaxTools.com. The new site features a sleeker design, enhanced user navigation, and a revised dealer map.

Window and door demand is expected to grow worldwide, rising an average of 5.9% annually through 2019, to $233 billion.

United Furniture Industries said it will use a former Linwood Furniture plant in North Carolina for distribution of its imported residential furniture products. The estimated 400,000-square-foot facility will be used for storage and distribution of bedroom and casual dining room furniture kits from Malaysia and Vietnam, to be sold under the Simmons brand.

Residential furniture makers La-Z-Boy and Nova LifeStyle offered an upbeat forecast during their earning call, but office and contract funriture comglomerate HNI (Hon, Allsteel, etc.) is anticipating a slowdown on the horizon. A new ERP computer system at La-Z-Boy "helped us achieve a 12.1% operating margin," says its CEO.

Woodworking Network Editor's Choice highlighted projects in 2015 ranged from unique and innovative to cool and inspiring. Top picks include a cocoon-like design for office furniture, a 50,000-year old Kauri table and a kinetic wave cabinet.