Linwood Furniture's filing for Chapter 11 bankruptcy protection was the most viewed story this week. The Lexington, NC residential and hospitality furniture manufacturer had $6.89 million in debt, with top creditors Kepley-Frank Hardwood Co., $774,718; Columbia Panel, $524,570; Chesterfield Wood Products, $358,818; and Woodcraft Inc., $201,582.
Also highly viewed: a follow up on the fiery death of a 3,500-year-old Florida cypress tree saw the killer arrested; La-Z-Boy receives $16M in antidumping duties for its wooden bedroom furniture; Fender Guitars goes public; Rich Christianson tells how a custom woodworker fought OSHA and won; Craftique Furniture announcing it's closing its doors; and Stiles Machinery’s take on the state of manufacturing.
Here are the week’s top stories:
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Linwood Furniture Files for Chapter 11 Bankruptcy By Karen Koenig | Updated: 03/13/2012 4:05:00 PM Filings continue in the Chapter 11 bankruptcy protection case of residential and hospitality furniture manufacturer Linwood Furniture LLC. Read more
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Arrest Made in 3,500 Year Old Cypress Tree Fire Updated: 03/07/2012 4:08:00 PM An arrest has been made in the case of the Jan. 16, 2012, fire that consumed a 3,500-year-old ancient cypress tree in Big Tree Park known as The Senator. Read more
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La-Z-Boy Wins $16MM in Wood Bed Antidumping Duties Updated: 03/07/2012 6:05:00 PM Residential furniture maker La-Z-Boy Inc. (NYSE: LZB) said it expects to receive $16 million in wooden bedroom furniture antidumping duties that had been withheld earlier. Read more
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Fender Guitars Announces $200M Stock Offering Updated: 03/09/2012 10:20:00 AM Iconic guitar maker Fender Musical Instruments Corp. has announced plans to go public with its shares, which it will list on NASDAQ under the proposed ticker FNDR. Read more
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Why Custom Woodworker Fought OSHA Penalty Updated: 03/10/2012 10:45:00 AM Victory Woodworks had a choice: Accept an offer from OSHA to have its fine eliminated or continue spending time and money on an appeal to expunge the citation and clear its good name. It chose to fight. Read more
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Craftique Furniture Set to Close Operations Updated: 03/09/2012 11:20:00 AM MEBANE, NC - Craftique LLC announced it will shut down its manufacturing and retail operations, ending its 66-year run making and selling solid mahogany furniture. Read more
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Paxton Lumber Acquisition Paying Dividents for HDI Updated: 03/13/2012 10:36:00 AM LANGLEY, BC - Hardwoods Distribution Inc.'s purchase of Frank Paxton Lumber in September is being hailed as "one of the highlights of the year," by Lance Blanco, president and CEO of HDI. Read more
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Fiberboard Plant To Open in Pennsylvania Updated: 03/11/2012 6:48:00 PM Rehrig Pacific Logistics will convert scrap wood pallets from seven warehouses into fiberboard at a new plant in Glendon Borough, PA. Local governments provided more than $1.5 million in. Read more
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Patrick Industries Buys Decor Manufacturing for $4.4M Updated: 03/10/2012 2:30:00 PM Patrick Industries (NASDAQ: PATK), a manufacturer of wood and laminated components for building products, acquired the business and certain assets of Decor Manufacturing LLC of Tualatin, OR, for $4.4 million. Read more
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Stiles President: Manufacturing Being Rediscovered Updated: 03/08/2012 8:17:00 AM Wood industry factories close as capacity shifts to new players, says Stiles president Peter Kleinschmidt. As once outsourced products return to the U.S., companies see they can't capture opportunities with 25-year-old technology. Read more
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