Neocon 2018 – a review by FEMB board member John Sacks Chicago is one of the world’s great cities. Its dramatic lake and river setting, its magnificent architecture and its raw energy inspire the locals and businesses to achieve great…
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Staples sells Dutch Office Centre Stores to KantoorExpert Groep
Staples sells its 39 Staples Office Centre stores in the Netherlands to KantoorExpert. KantoorExpert is a Dutch supplier of office supplies and equipment with 4 stores and a turnover of approximately 13.5 million euros. The sale of Office Centre stems…
Estel lands in China thanks to the agreement with the Asian multinational Aurora Group
On June 21st, the historic Italian furniture company Estel will inaugurate its first showroom in the Chinese territory over an area of over 600sqm. The multi-year agreement signed in June 2017 by Estel Group CEO Alberto Stella with the top management…
2017 Annual Financial Statements: Sedus Stoll Group Remains on Track for Success
Turnover was up and there was also a similarly strong increase in the order volume of 1.4% by the end of the year to hit a total of € 191.2 million (€ 188.5 million). Incoming orders rose by 6.6%, a…
Zimmer GmbH Daempfungssysteme presents two Soft Close innovations at the IWF in Atlanta
From August 22 – 25, 2018 Zimmer GmbH Daempfungssysteme will be presenting two Soft Close innovations at the International Woodworking Fair (IWF) in Atlanta (USA), the top meeting point for the woodworking and furniture-making industry in America. The damping specialist presents with…
2017 – a successful year for Bene
Bene, one of the leading companies in the European office furniture industry, achieved very pleasing results in the 2017 financial year, with an EBIT of EUR 7.3 million and an EBIT margin of 5.4%. The company’s equity ratio rose to…
Trump Talks Tariffs, Industry Fears Costs
It is too early to tell exactly what the effects of President Donald Trump’s proposed tariffs on steel and aluminum will have on the office furniture industry as exactly who and what will face tariffs remains fluid. But it certainly…
Input Interior acquires EFG – European Furniture Group
Swedish Input Interior, a Scandinavian supplier of interior solutions, acquired all activities of the EFG Group. In 2016 EFG realised a turnover of 108 million Euros, with the brands EFG and SAVO. “A strategically important deal that increases our presence…
Framery accelerates growth with Vaaka Partners | Per-Arne Andersson joins the board
Private equity investor Vaaka Partners is investing in Framery, the Finnish manufacturer of sound insulated office phone booths and meeting pods. After this investment, Vaaka Partners and its co-investors will own 60% of the company. The shared goal of Vaaka…
Bene and Neudörfler acquire Hali and Svoboda
The investment company BGO, led by Erhard Grossnigg and former Minister Martin Bartenstein, has bought the Austrian office furniture manufacturer Hali. In addition, the company has taken an option on all shares of Svoboda declared bankrupt last week. BGO already…