Woodworking Industry News

Woodworking Industry News

KI Opens Global Sourcing Office in China

GREEN BAY, WI – KI opened a global sourcing office in DongGuan, China, to help the company increase efficiencies in its manufacturing program, as well as improve relationships with suppliers in the region. The company said the new office enables it to provide customers with faster time to market, better quality assurance and more product offerings. KI’s suppliers in China provide component parts and completed products to eight of its 10 manufacturing facilities in the U.S.

Woodworking Industry News

Universal Forest Products Reports Record Year

GRAND RAPIDS, MI -- Universal Forest Products Inc., a manufacturer and distributor of wood and wood-alternative products, reported a record year, including 2006 net earnings of $70.1 million, an increase of 4.1% over reported results for 2005, according to Business Wire.

Woodworking Industry News

84 Lumber Posts Steady 2006 Sales

EIGHTY FOUR, PA --84 Lumber Co., a privately-held supplier of building materials and services to professional contractors, posted $3.92 billion in sales for 2006, holding steady from 2005, according to Modern Distribution Management. The company opened 26 new stores and one component manufacturing facility in 2006.

Woodworking Industry News

3M Acquires Rite-Lok Adhesives Line

ST. PAUL, MN -- 3M, a global, diversified technology company, has acquired the Rite-Lok global industrial adhesives product line from Chemence Inc., a specialty chemical company that manufactures consumer and industrial adhesives, according to Modern Distribution Management. Read more.

Woodworking Industry News

3M Acquires Accuspray Application Technologies

ST. PAUL, MN -- 3M, a global, diversified technology company, announced Feb. 1 the acquisition of Accuspray Application Technologies Inc., a manufacturer of spray paint equipment for architectural, automotive refinishing, industrial and woodworking applications, according to Business Wire. Terms of the transaction were not disclosed.