We are pleased to announce that funds managed by SVP have entered into an agreement to make a €200 million preferred equity investment in Bjelin Group, a leading veneer, flooring and furniture manufacturing business owned by the Pervan family. The investment will facilitate Bjelin’s long-term growth ambitions of becoming a world leading sustainable wood flooring company. Brian Himot, Head of Structured Capital at SVP, commented: “Over the past 30 years, Darko Pervan has built a leading IP licensing business and set the foundations to create a market leading industrial manufacturing business. We are delighted to be partnering with an entrepreneur of his standing at a key moment for the development of the manufacturing business. SVP has developed expertise in these types of partnership-oriented investments with founders and family offices. We look forward to working closely with the Pervan family to drive value for the business.” Please see the full press release here: https://lnkd.in/d2Q7UFJw
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There is so much to love about Ulster Carpets! This is just one BIG reason. Their continual forward motion to increase and improve production thru technology and to help with our sustaintability goals is very impressive! Enjoy the informative article below. #luxurycarpet #axminster #ulstercarpets #hospitalitydesign
Ulster doubles investment push Ulster Carpets is to double its investment in Axminster production. Having installed its fourth high-speed loom in the recently constructed High Speed Weaving Building at its Portadown manufacturing site in the summer, work has begun extending the facility where Ulster intends to install four more looms. The company is already the largest single-site producer of Axminster and Wilton carpets and expects the increased capacity to be in place in seven months. ‘We are already the world’s largest single-site producer of Axminster and Wilton carpets but this additional capacity will allow us to meet increasing demands from our customers across the world,’ says Nick Coburn, Ulster Carpets md. ‘All the new looms will be operational by April 2025, giving us the highest Axminster capacity in our history. ‘This is part of a long-term investment strategy to redevelop and upgrade our manufacturing facilities and it displays our on-going commitment to manufacturing in the UK.’ Construction is expected to be finished by December in time for the arrival of the fifth and sixth looms, developed by Ulster subsidiary GTM. ‘We are looking ahead with confidence,’ says Jeremy Wilson, Ulster Carpets residential sales director. ‘We have just launched six new colours for our popular Habitus range and development work on new ranges and colours for 2025 is already well underway. With so much uncertainty in the flooring industry, this announcement provides confidence for our retailers and customers.’ https://lnkd.in/eBfC4xvB #flooring #flooringindustry
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The Kitchen Cabinet Industry and Wood Working Industry are currently facing significant challenges. With declining revenue, increasing costs, and liquidity issues, many businesses have ceased operations over the past three years. Another disruption is now impending: a liquidity crisis. For an industry that typically requires 120 to 150 days to convert cash to orders and back to cash, tightening liquidity can be highly detrimental. However, challenging times are an opportunity for some to build STRONGER businesses. In this article, I will share insights gained from my 16 years of experience working with over 30 companies in the kitchen cabinet manufacturing, doors and windows, architectural millwork, and furniture manufacturing sectors. At #MNP, we serve more companies in this industry than any other professional services firm in Canada. We are deeply committed to this industry and are here to assist you with the following needs: · Enhancing profitability. · Exploring options for revenue growth. · Addressing cash flow constraints and exploring potential solutions. · Improving financial performance for companies in special loans or for lenders to such companies on sensibly restructuring them for success. · Reducing costs sensibly without compromising culture, especially as skilled woodworkers are difficult to find and retaining them is crucial. · If you are looking for financial advice, tax and accounting support. Additionally, a growing concern we have been hearing more often is: · Seeking assistance in positioning the business for sale to maximize its enterprise value. We are here to support you and welcome the opportunity to discuss your specific needs. Please reach out to me on email Yohaan.Thommy@mnp.ca or DM on LinkedIn for a virtual connect. #CKCA #KCMA #KitchenCabinets #CanadianManufacturing #Woodworking #Woodmanufacturing #CFIB #MNP #OrganisationalChange #Restructuring #ValueCreation #LessonsinBusiness #Fenestra https://lnkd.in/gEn44fVZ
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When a highly regarded fine furniture company in Oxfordshire decided to close its doors due to the owner's early retirement, the team at BPI Asset Disposal Solutions stepped in to ensure a smooth and profitable transition. By leveraging their expertise and online auction platform, BPI helped the owner maximise the value of over 70 lots of meticulously maintained woodworking machinery and tools. The auction, which featured items such as a 2007 Felder AD951 Planer Thicknesser and a SCM Sandya Uno Twin Belt Sander, attracted strong interest and surpassed expectations by 30%, generating over £17,000. This efficient process not only supported the owner’s retirement plans but also demonstrated the power of targeted marketing and expert asset management in the construction and woodworking industries. Read the full article for more details on how BPI delivers exceptional results for business owners: https://lnkd.in/eRvtr_2X #ConstructionIndustry #AssetDisposalSolutions #BPISuccessStory #WoodworkingMachinery #FurnitureIndustryNews #RetirementPlanningUK
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Real Estate Investors, listen up! 🏡 While flooring might not always be top of mind when considering growth indicators, it definitely deserves your attention. This isn't just about aesthetics; it's about understanding the pulse of the market. As you strategize your investments, remember Project Centerline is here to help keep projects on track and money flowing💼💡 https://lnkd.in/eA5nAceF #RealEstateInvesting #FlooringMarket #GrowthIndicators #MarketInsights #ProjectCenterline
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Getting in the Heads of Industrial Tenants https://lnkd.in/drRiMV3e #commercialrealestate #RealEstate #southflorida #miami #doral #medley #cre #business #property #Industrialproperty #investment #building #construction #demand #industrial #lease #manufacturing #market #sustainability #tenant
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The Blum Group reported a turnover of 2,324.59 million euros for the financial year, highlighting market challenges and strategic investments amid declining demand and rising costs. For in-depth woodnews and updates https://lnkd.in/gSdxDNPK #austriawoodworkingnews Blum Group #Austria #financialyearturnover #furnitureindustry #globalenergycrisis #inflation #marketchallenges #strategicinvestments #woodandpanel #woodnews #woodworkingandmanufacturing #woodworkingevent #woodworkingindustry
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"Growth in region Europe is back, but low new construction continues to be challenging. The high interest rates together with the concerns in the world continue to have an adverse impact on the residential segment in both Europe and the USA especially in new construction. However, we are seeing that the activity level and order intake are increasing connected to the renovation market in some markets in Europe. The USA is more cautious due to expected interest rate cuts. On a positive note, we once again have growth in region Europe in the second quarter. We expect the demand to gradually rebound during the second half of 2024 and further strengthen in 2025 even though we see continued low activity levels for new construction in Europe, particularly in Sweden and Finland, and the DACH region. In the commercial segment, the activity levels linked to healthcare, schools and defence and correctional services are continuing to increase, offering possibilities for Kährs. The long lead times mean that these effects will have an impact in late 2024 and thereafter. In both Europe and the USA we have continued our strategic focus on strengthening our market presence through processing new customers, combined with new product launches and an improved customer experience. At the same time we continue to improve our internal cost- and capital-efficiency through new ways of working and by reducing employed capital in stock. For the second consecutive year, Kährs won the prestigious Floor Covering News 2024 Award of Excellence. Voted by customers in the retail flooring trade in the USA, this recognition emphasises Kährs’ strong partnership with retail and our steadfast commitment to delivering exceptional customer value. We continue investments in our strategic shift: to grow faster in selected markets in Europe and the USA, to launch new innovative and more sustainable product platforms, and to continue to improve Kährs’ customer experience, with a high level of commitment and in cooperation with our distribution channels and partners. In parallel, we continue to adapt the business to a challenging housing market in the short term.", President & CEO Johan Magnusson comments. Read the Interim Report for Quarter 2, 2024: https://lnkd.in/d5NjbH3i
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CRE research professional and head of a national commercial real estate research platform for Newmark in Canada providing thought leadership, operational excellence, team building and market insights
An agreement has been reached between the Competition Bureau Canada and RONA Inc. in relation to concerns about the company’s proposed acquisition of All-Fab Building Components , reported Connect CRE. "A review conducted by the bureau found the proposed transaction could result in the lessening of competition in the design, supply and manufacturing of roof and floor trusses used in housing construction in the Saskatoon, Sask. area. It also found the loss of rivalry between Rona and All-Fab would likely result in higher prices and fewer options for customers." "According to a release, Rona and All-Fab both operate in the lumber and building materials market in Canada. They both design, manufacture and supply roof trusses and floor trusses." https://lnkd.in/gbuxEc6f #canada #construction #competition
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The building products M&A market is poised for continued growth as investors weigh favorable long-term fundamentals of the U.S. housing market, according to a new industry report released by BGL’s Building Products investment banking team. In addition to providing insights into the broader housing market, BGL examines key trends impacting four of the industry’s largest sub-sectors—window & door, flooring, cabinetry, and roofing. To read, download, and share your complimentary copy of this Insider, visit: https://lnkd.in/g6m6fEwU #InvestmentBanking #MergersAndAcquisitions #BuildingProducts #PrivateEquity #HousingMarket CC: Andrew Petryk, Daniel MacDonald
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It's always good news when a shop outgrows its current location - but this good news does mean a shop has a new, large project ahead of them, whether that's constructing a new building or moving to a new spot. If you're moving to a new location, “Make sure you do your own homework,” said Austin White, co-owner of Iron Buffalo Truck and Trailer. This is particularly important when dealing with an absentee landlord. “I never thought we’d have to help a building owner navigate local building codes. But some of these investment firms are so big and own so many properties that they just don’t know sometimes.” For more tips on expanding your business, check out this month's cover story below. #truckingindustry #businessexpansion #vehiclemaintenance
