Woodworking Industry News

Furniture

Lane furniture owner 'disappears' while workers wait for check

David Belford, owner of United Furniture Industries in Northeast Mississippi, informed all 2,700 of his workers that they no longer had jobs. The New York Post reported that Belford is missing and nowhere to be found. However, multiple people told the Clarion Ledger Friday that Belford is believed to be in Paris staying at an upscale hotel.

Woodworking Industry News

Fortune Brands acquires residential hardware brands

Fortune Brands Home & Security Inc., an industry-leading home and security products company, announced it has entered into a definitive agreement to acquire the Emtek and Schaub premium and luxury door and cabinet hardware business and the U.S. and Canadian Yale and August residential smart home locks business from ASSA ABLOY Inc. for a purchase price of $800 million, or approximately $700 million net of tax benefits.

Woodworking Industry News

Madison Report: New home sales take wild ride

VANCOUVER, BC, -- Sales of new homes in the US have bumped up and down for the second half of this year and recovered upward once again in October. While it is true that a slowdown is apparent in both construction and home buying activity, it is important to note that new building activity year-to-date remains almost even compared to January - October of 2021.