Woodworking Industry News

Woodworking Industry News

Nucraft Expands Contract Furniture Facility

COMSTOCK PARK, MI – Contract furniture maker Nucraft  recently broke ground on a 47,700-square-foot expansion to its manufacturing facility. When completed, Nucraft will have nearly 300,000 square feet of manufacturing space.
 
“Nucraft is pleased to continue to invest in West Michigan, a community that we’ve called home since our founding in 1944,” said Matt Schad, CEO.

Woodworking Industry News

TV Woodworker Nick Offerman Hails Grads of North Bennet St. School

BOSTON -  One of the top U.S. woodworking and craftsman schools had a surprising guest speaker for its graduation last week. Television personality Nick Offerman. While famed for his role as Ron Swanson, shop program director in "Parks & Recreation" show, Offerman is much loved by woodworkers who know him as the owner of Offerman Woodshop, a  real woodworking enterprise in Los Angeles.

Woodworking Industry News

1stWEST Mergers & Acquisitions Moves Into Lumber & Building Materials

EVERGREEN, CO - 1stWEST Mergers & Acquisitions says its has expanded its footprint in the lumber and building materials sector with the appointment of a  John D. Wagner as a Managing Director, according to Ted Rieple, founder.“The lumber and building materials sector has seen an impressive number of merger and acquisition transactions, as the housing industry continues its recovery. JJohn will use his extensive contacts to raise awareness of 1stWEST M&A for buyers and sellers.” 

Woodworking Industry News

Olon Industries Acquires Carolina Drawers

Georgetown, ON – Olon Industries has acquired Carolina Drawers Inc. based in Lexington, NC.  Carolina Drawers is a manufacturer of solid wood and plywood drawers for the US kitchen & bath cabinet and furniture industries.Olon, a manufacturer of mouldings, drawers and components for the cabinet making and furniture industry, says the timing of the acquisition is key, and that it continues Olon’s strategy to strengthen its U.S. manufacturing presence and expand its product lines.

Cabinets

American Woodmark Net Income Up 75% for the Year 2015

WINCHESTER, VA -  American Woodmark Corporation (NASDAQ: AMWD) fourth quarter 2015 sales increased 10% to $206.9 million, with growth in both the remodeling and new construction channels during the period.  Growth in new construction cabinetry sales exceeded 15%. It was also a  good year overall, with American Woodmarket reporting net sales of $825.5 million, up 14% over 2014.  

Woodworking Industry News

Composite Panel Group Meeting Kicks Off with Optimism, High Attendance

BONITA SPRINGS, FL - Business is improving, albeit slowly, for the composite panel industry. The news set the tone for the Composite Panel Association's spring annual meeting, which saw its highest attendance since 2007. More than 280 people, representing 118 woodworking firms and related organizations, converged on Bonita Springs, Florida, May 31-June 3 for the event.

Woodworking Industry News

Composite Panel Association Attendance at 8-Year High

BONITA SPRINGS, FL - The 2015 Composite Panel Association Spring Meeting, which began Sunday here in Bonita Springs, FL, takes place among an improving business climate and buoyant economic reports for housing, construction and remodeling.CPA marketing manager Allyson O’Sullivan says it is the gathering's  highest attendance since 2007.  The CPA membership includes 173 companies from 3M to Valspar, Willamette and Wilsonart.