Woodworking Industry News

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.

Woodworking Industry News

Kimball Int"l. Inc. Announces Lower Profit for 2Q 2007 Results

JASPER, IN – Kimball Int’l. Inc. announced its financial results for the second quarter of fiscal year 2007, which ended Dec. 31, 2006. Net sales were $327.3 million, an increase of 24% over net sales in the second quarter of fiscal year 2006. The second quarter fiscal year 2007 sales included $81.5 million from two acquisitions completed during the fourth quarter of fiscal year 2006. Net income for the current year second quarter was $7.2 million.

Woodworking Industry News

Sauder to Manufacture Components for Ikea

ARCHBOLD, OH – Sauder Woodworking Co., a manufacturer of residential and ready to assemble furniture, plans to start manufacturing frames and shelves for kitchen cabinetry sold by Ikea, according to The Toledo Blade. Sauder President and CEO Kevin Sauder said the contract resulted from seven months of working with Ikea on specifications for the components, which were made in Eastern Europe until now.

Woodworking Industry News

WMH Tool Group Names New President

ELGIN, IL – WMH Tool Group Inc., a subsidiary of Switzerland-based WMH Walter Meier Holding AF, has named Peter Chatel president and COO, according to Business Wire. Most recently, Chatel was vice president and general manager of North American operations for Rothenberger LLC.

Woodworking Industry News

Raynor Getting 30 New Jobs in Dixon, IL

DIXON, IL -- Raynor Worldwide Inc., a privately-held supplier of residential and commercial garage door products, will bring 30 new jobs to its Dixon, IL, location when it closes its Duncan, SC, manufacturing and distribution center and moves two of its product lines to Dixon, according to saukvalley.com.