Linwood Furniture's assets have been purchased by Liquid Asset Partners. The asets, totaling over $8 million, will be sold at a public liquidation sale starting April 29.
Residential furniture maker Ethan Allen Interiors Inc. blames a China sales drop, Hurricane Sandy, Easter and Passover timing as third quarter sales fell 4.4 percent to $168.1 million. Last year sales grew 8 percent.
Exportation of wood pellets from North America to Europe reached a new record of 3.2 million tons in 2012, with US exporters more than doubling their shipments.
Wood industry supplier Joan Kemp, head of CP Adhesives, was honored this morning at WIC 2013, for her years of service to the wood industry, in a presentation by John Henderson, on behalf of the Woodworking Machinery Industry Association.
Demand for wood products will continue to grow at a slow yet steady pace for the remainder of this year, predicts APA, the Engineered Wood Association.