Contract Furniture Manufacturer Kusch+Co is Taken Over by Market Leader Nowy Styl Group

The third-generation family-run contract furniture manufacturer Kusch+Co from Hallenberg (Sauerland) will become part of the family-owned Polish Nowy Styl Group. In recent years, the Nowy Styl Group has already made three acquisitions in Germany, the Netherlands and Switzerland as a strategic investor (Grammer Office, Rohde & Grahl, Sitag) and proved to be an outstanding partner in this context. The company generates over 80 percent of its sales outside its home market and achieved sales of around EUR 380 million in 2018.

Read full article here: (AVIATIONPROS)

Almost 200 job losses as North East manufacturer collapses into administration

Nearly 200 workers have been made redundant at furniture maker Godfrey Syrett after the company collapsed into administration.

The company, which describes itself as a “true British furniture manufacturer”, entered administration on Tuesday 8 January and closed its three North East offices.

The company employed 204 members of staff across its bases in Killingworth, North Tyneside and Langley Moor and Belmont, both in Durham.

Read full article here: (ChronicleLive)

Martela’s outlook for 2018

Martela Group lowers its revenue and operating result guidance for 2018. Revenue in the fourth quarter did not develop as previously estimated and this will impact negatively on the full year revenue and operating result. Revenue was mainly impacted by unclarity in the public sector in Finland because of the prolonged contract negotiations. Impact was materially shown in December sales, which traditionally has been stronger than in other months.

Read full article here: (GlobeNewswire)


Herman Miller, Inc. (MLHR) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in Herman Miller, Inc. (NASDAQ:MLHR) by 414.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,765 shares of the business services provider’s stock after purchasing an additional 215,700 shares during the quarter. Renaissance Technologies LLC owned about 0.45% of Herman Miller worth $10,282,000 at the end of the most recent quarter.

Read full article here: FAIRFIELD CURRENT