AUSTIN, TX – Temple-Inland Inc. reported first quarter 2007 net income of $38 million, a 52.6% decline from the $79 million in net income it posted for the same period in 2006. the company said lower lumber prices and lower prices and shipments of gypsum significantly impacted its first-quarter profits. Read more.

TORONTO – Norbord Inc. said the U.S. housing slump is responsible for a first-quarter loss of $16 million, a reversal from the $58 million profit it posted in the same period a year ago. Sales for the first three months fell from $368 million to $261 million. COO Barry Shineton said, ‘Our company is well-positioned to weather what is going to be a difficult time. He said Norbord plans to cut costs by $45 million this year.

GREEN BAY, WI – KI’s Prosper Panel System has received Greenguard Indoor Air Quality Certification for low-emitting products from the Greenguard Environmental Institute (GEI). Over the past year, more than 25 of KI’s products have received this certification. To achieve certification, the panel system passed a series of tests required by GEI, which will monitor the panel system each quarter to ensure it maintains low-emitting status.

ST. PETERSBURG, FL –The Wood Machinery Manufacturers of America honored Kenny Moffatt with the 2007 Ralph B. Baldwin Award of Excellence at its 16th Annual Woodworking Industry Conference. The annual award recognizes individuals who have made outstanding contributions to the woodworking industry, the WMMA, their companies and their community.

FRANKFORT, NY – Hale Manufacturing Co. is celebrating its 100th anniversary. The company was founded in 1907 by F.E. Hale as a manufacturer of law office bookcases. Law office furniture remains the company’s major product line to this day. To celebrate its 100th year of continuous production, Hale is reintroducing its 300 Series Barrister Bookcases in their original architectural-grade hardwood choice, with a range of wood stains and other options.

MILWAUKEE, WI – Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity announced the acquisition of Mayline Group, a designer, manufacturer and distributor of office furniture.

SCOTTSDALE, AZ – Universal Laser Systems Inc., a manufacturer of CO2 lasers and CO2 computer-controlled laser engraving, cutting and marking systems, has doubled the size of its U.S.-based headquarters by expanding into a second company-owned building. The new facility houses laser system production, sales, marketing, engineering and technical support staff, as well as warehousing and shipping operations. For more information, visit www.co2laser.com.

ST. PETERSBURG, FL – The Woodworking Machinery Industry Assn.'s distributor members have announced the winner of the WMIA's 2007 Partner-of-the-Year Award. The announcement was made during the April 25-28 Woodworking Industry Conference (WIC) at the Renaissance Vinoy Resort & Golf Club in St. Petersburg, FL. The 2007 recipient company is Accu-Systems Inc., based in Salt Lake City, UT.

LONGMONT, CO - High Country Millwork, a manufacturer of store fixtures and displays, recently added an integrated manufacturing support system from Trakware Systems that combines estimating, scheduling, labor tracking, bill of materials and inventory management.

COMSTOCK PARK, MI –According to The Grand Rapids Press, office furniture manufacturer, Nucraft Furniture Co., is building a 20,000-square-foot addition for staging and shipping. The expansion is scheduled for completion in July and will add 12 jobs.