Beaver Creek Wood Products’ plant, which processes firewood and wood mulch products, was destroyed in a fire early Monday morning.

Bassett Furniture Industries, Inc. (Nasdaq:BSET) was added to the U.S. broad-market Russell 3000 index. Bassett is hiring for its HGTV furniture line and resumed paying dividends this month.

Bassett Furniture Industries, Inc. (Nasdaq:BSET) has been added to the U.S. broad-market Russell 3000® and small-cap Russell 2000® Indices on Friday, June 22, 2012, when Russell Investments reconstituted its U.S. and global equity indices.

Timber Products Company plans to install a clear ultraviolet finishing process to its hardwood plywood plant in Corinth.

The Canadian Woodworking Machinery Distributors Association (CWMDA) has added two industrial woodworking programs to its scholarship program.

Klöckner Pentaplast says it has been acquired by Strategic Value Partners in a recapitalization, with Jeffries proividing new debt facilities.

Phil Haney, president and CEO of Lexington Home Brands, will be pulling double duty after being appointed to the position of CEO of Rowe Furniture.

Detection of high methane gas led to the shutdown last week of the Lakeland Mills sawmill, scene of the April 24 explosion and fire that killed two workers and injured two dozen more.

U.S. housing starts declined 4.8% to a seasonally adjusted average of 708,000 in May.

IKEA plans to open 25 stores in India, its first venture into the subcontinent. IKEA has 38 stores in the U.S. and 11 in neighboring China, where it plans an additional six by 2015.