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IWF Network News is the woodworking industry’s preferred information source, delivering the most current and compelling intelligence on business developments, product design and manufacturing trends, financial and regulatory issues and much more. Published biweekly, IWF Network News reaches an engaged national audience of more than 43,000 wood manufacturing industry decision makers.

• Northwest Hardwoods Sheds Debt and Reorganizes Under Chapter 11

  On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates took the next step in implementing its restructuring support agreement by filing voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

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• Hardware Resources Acquired by Clearlake Capital

  TKE Holdings, formed from the 2010 merger of Hardware Resources and Top Knobs, will be acquired by Clearlake Capital Group. The sellers are affiliates of The Jordan Company. Financial terms of the transaction were not disclosed.

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• As Cabinetry Sales Jump to $654M, MasterBrand Opens 840,000 sq.ft. Plant

  Reporting third quarter kitchen cabinetry sales of $654 million, an 11 percent gain over 2019, Fortune Brands will expand its MasterBrand Cabinets operation with an 840,000 sq. ft. plant in Jackson, GA.

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• Building Materials Juggernaut U.S. LBM Acquired by Bain Capital

  US LBM, whose 250 building materials locations are known across the U.S. under regional brands like Hines Lumber, Bellevue Building Supply or Direct Cabinet Sales, signed a definitive agreement for Bain Capital Private Equity to acquire a majority stake in the company.

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