Woodworking Industry News

Woodworking Industry News

Restoration Forest Products facing bankruptcy; Invesco to take over

BELLEMONT, Ariz. — Restoration Forest Products (RFOR) has filed a consensual prepackaged court-supervised process under Chapter 11 of the U.S. Bankruptcy Code, which will see the company receive $95 million in additional funding from Invesco, and, if the deal is approved by the Court, will come out of bankruptcy with Invesco and its existing equity sponsor, Lateral Investment Management, as its new majority owner.

Woodworking Industry News

DeWalt celebrates its centennial

This year, DeWalt, a Stanley Black & Decker brand, is celebrating its 100th anniversary of powering the pros. DeWalt has been delivering tools to meet the needs of professional tradespeople around the world since 1924 when Raymond DeWalt's forward-looking vision resulted in the founding of DeWalt.