ShopBot Tools, producer of CNC machines, has recently restructured as an Employee Ownership Trust (EOT). Founder and Board Chair Ted Hall said the move was designed to position the company for long-term success by empowering employees while providing liquidity for shareholders.
Matt Howard has been promoted to CEO of TTS Tooltechnic Systems North America and its subsidiaries including SawStop, Festool USA, and Festool Canada. Howard will also continue to serve as CEO for SawStop.
Schmalz Inc. has begun an expansion project that will triple the size of its U.S. headquarters in Raleigh, N.C. The expansion will provide more space for assembly and testing of the company’s robotic automation and material handling systems.
Confidence in the remodeling market has continued to increase, according to a recent survey by the National Association of Home Builders