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.
Confidence in the remodeling market has continued to increase, according to a recent survey by the National Association of Home Builders
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.
The National Wood Flooring Association has provided flooring for its 57th home in support of the Gary Sines Foundation RISE program, which builds specially adapted homes for severely wounded veterans and first responders.
The Architectural Woodwork Institute (AWI) and the Stairbuilders and Manufacturers Association (SMA) announce the release of ANSI/AWI SMA 0643-2021 Wood Stair, Handrail, and Guard Systems Standard which was approved on Mar. 1 by the American National Standards Institute (ANSI).
The Architectural Woodwork Institute Education Foundation (AWIEF) recently received a donation of $2 million from the Quality Certification Corporation with $1 million designated for Randolph Estabrook Educational Scholarships for individuals and $1 million earmarked for grants of accredited secondary and post-secondary architectural woodwork programs.