Cactus Announces Agreement to Acquire FlexSteel

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03 January, 2023

HOUSTON–(BUSINESS WIRE)–Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) announced today that it has entered into a definitive agreement (the “Agreement”) to acquire FlexSteel Technologies Holdings, Inc. and its affiliates through a merger with its holding company, HighRidge Resources, Inc. (“FlexSteel”) and Atlas Merger Sub, LLC, a newly formed subsidiary of Cactus, Inc. FlexSteel is a market-leading manufacturer of spoolable pipe technologies primarily purchased by customers during the production phases of a well’s lifecycle.

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Inscape Announces Director Resignations

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3 January, 2023

HOLLAND LANDING, Ontario, Jan. 03, 2023 (GLOBE NEWSWIRE) — Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), announces that, following the successful take-over bid by HUK 121 Limited, Neil McDonnell, Tracy Tidy, Tania Bortolotto, and David LaSalle resigned from the board of directors of the Company effective 5:00 p.m. (Toronto time) on December 23, 2022.

Inscape would like to express its sincere gratitude to the outgoing directors for their contribution to the board of directors and the Company.

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Homelegance taps Hooker veteran for new executive role

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3 January, 2023

HIGH POINT – Full line furniture and case goods supplier Homelegance has hired industry veteran David Gusler as its new senior vice president of operations. Gusler will directly lead the company’s overseas operations, while also working in product development and major account sales.

Prior to joining Homelegance, Gusler worked as the senior vice president of international operations at HMI before taking the same role at Hooker Furnishings.

Read full article here: FURNITURE TODAY

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Legends Furniture makes another key hire

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3 January, 2023

TOLLESON, Ariz. – Legends Furniture has hired Mariano Tellarini as the company’s new chief operating officer and chief financial officer.

Tellarini has more than 20 years of experience in finance and operations management, previously coming from Oxyfresh Worldwide as its president and chief operating officer. There, Legends says he successfully transformed the company’s business model, stabilized operations and turned the company around financially.

Read full article here: FURNITURETODAY

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Steelcase Inc. [SCS] Stock trading around $7.07 per share: What’s Next?

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2 January, 2023

Steelcase Inc. [NYSE: SCS] closed the trading session at $7.07 on 12/30/22. The day’s price range saw the stock hit a low of $6.97, while the highest price level was $7.11. The company report on December 19, 2022 that Steelcase Reports Third Quarter Fiscal 2023 Results.

Revenue and earnings growth driven by strong beginning backlog and year-over-year pricing benefits.

Gross margin improved 120 basis points compared to prior year driven by a 280 basis point improvement in the Americas.

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McAleer’s Office Furniture in Mobile and Foley can outfit an office fast

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2 January, 2023

Melissa McAleer Cross is president and owner of McAleer’s Office Furniture in Mobile, Pensacola and soon to be in Foley.

Raised in Mobile, Cross is the fourth of seven children of Jim and Camilla McAleer. She says she didn’t set out to take the helm of the business her parents began in 1979.

Read full article here: ALABAMA NEWS CENTER

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MillerKnoll, Inc. (NASDAQ:MLKN) Short Interest Up 21.2% in December

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1 January, 2023

MillerKnoll, Inc. (NASDAQ:MLKN) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 4,340,000 shares, an increase of 21.2% from the November 30th total of 3,580,000 shares. Approximately 5.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is currently 3.5 days.

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Flexsteel Announces Promotions of Key Executives

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1 January, 2023

As part of a larger effort to position its operations for future growth, Flexsteel Industries, the nearly 130-year-old residential furniture manufacturer recently announced significant organizational changes implemented to help the company and its employees remain agile and responsive to ever changing market conditions.

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‘It’s an easy win’: environmentally-friendly Lancashire recycling business facilitating the green office of the future

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30 December, 2022

Garstang-based Coggin Sustainable Office Solutions is a family business which diverts office furniture away from landfill by either repairing damaged items to resell them or by recycling materials such as wood, metal, plastic, and foam from unsalvageable items. In their own small way, they are contributing to the good fight.

Read full article here: LANCASHIRE POST

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La-Z-Boy’s Return on Invested Capital Overview

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