Ashley Furniture Industries has been named the first HFA Manufacturer of the Year award from the Home Furnishings Association. In winning the award, the association said that "Ashley has achieved remarkable growth and sustained success through a strong company culture centered on employee development, customer service excellence, and innovative practices."

Owens Corning has completed its acquisition of Masonite International Corporation for $133 per share, with a transaction value of approximately $3.9 billion.

Auction house Heritage Global Partners, in partnership with Integra Asset Solutions, announced that they were conducting an online auction featuring woodworking and furniture manufacturing equipment from Flexsteel Industries' Dublin, Georgia, plant that was closed earlier this year.

Dorel Industries Inc.'s first quarter, which ended March 31, 2024, found revenues up year over year, and losses down year over year. 

While net sales decreased in MasterBrand's first quarter, gross profits were slightly up, and the company continued to make "meaningful progress across all our strategic initiatives."

Founded in 1939, Haas Cabinet opened its first plant in 1944, but now, some 80 years later, the company plans to shutter the Sellersburg, Indiana-based company."Yes," commented Todd Haas, president and grandson of the company founder, "after 85 years in business, Haas Cabinet is shutting down its cabinet production."Haas did not comment on the reason for closing the company or the closing date. One unconfirmed source said the company plans to close at the end of June. 

FDMC 300 manufacturers interviewed are cautiously optimistic on sales projections for 2024 and beyond.

Bellmont Cabinet Company has signed a definitive agreement for the acquisition of Cabinets Northwest Corporation, a manufacturer of multifamily kitchen and bath cabinetry in the Northwest.

Norwalk Furniture has appointed Timothy Newlin its new president, CEO and member of the board effective May 1. He succeeds Caroline Hipple, who left the major residential furniture manufacturer earlier this year.

Flexsteel Industries President Derek Schmidt will also take over as CEO effective July 1. He succeeds Jerald Dittmer, who is resigning as CEO effective June 30, and retiring from Flexsteel on Dec. 31. Schmidt was promoted to president of the large residential furniture manufacturer in January.