by Karl D. Forth
email@example.com SPECIAL REPORT
You could say that the FDMC 300 group of compa- nies stayed the course in 2016. It was another good year for the industry, and there were relatively few major changes in those companies. There were several major consolidations, but we identified only one company in the group of 300 that closed during 2016. That’s the lowest number in more than 20 years. In a normal year, there may be 10 companies
that close or are purchased by other companies.
Sales for the FDMC 300 group of companies
grew 5 percent in 2016 over the previous year to
$48.786 billion. That’s the fifth consecutive year of
sales growth for this group of companies.
The FDMC 300 is a group of the 300 largest
cabinet, furniture, millwork, store fixture, office/
contract and component producers in North
Changes in companies
• Right after the first of the year, Hooker Furniture Corp. agreed to purchase Home Meridian International, a move that would more
than double the company’s size and make it
one of the top five U.S. sources of upholstered
furniture and casegoods.
We later estimated combined 2016 sales
of $525 million, based on third quarter sales.
Both Hooker and Home Meridian were FDMC
• Essential Cabinetry Group bought and
replaced Designers Choice Cabinetry, Rockledge, Florida, on the FDMC 300 list. Executive Cabinetry and Tedd Wood are other
divisions in South Carolina and Pennsylvania.
The combined companies have sales of an
estimated $70 million.
• In November, Canada’s Leda Furniture de-
cided to cease production and close its doors
after 49 years of manufacturing high-end
furniture in Ontario.
According to company president Marco
Confalone, this was a difficult decision to
make but the logistics of manufacturing
domestic high-end furniture in Ontario were
becoming too great a challenge with government regulations, labor rates and shortages,
and cheap imported product coming from
The Toronto company liquidated its inventory and remaining equipment. The company
made contract/office, hospitality and residential furniture, bedroom, dining room, occasional furniture; bookcases, conference tables,
desks, office systems, and hotel furniture in its
175,000 square foot operation.
• Groupe Cabico in Coaticook, Quebec, a cabinet manufacturer, purchased Elmwood Fine
Custom Cabinetry in St. Catharines, Ontario.
The companies are listed separately in the
• In a less-publicized move, Moduform Furniture of Fitchburg, Massachusetts, purchased
Adden Furniture and replaced Adden in the
FDMC 300 list. The company manufactures
casegoods, upholstered lounge and public
area seating, tables and chairs.
• Ampco Products in Miami became part of
AJW Architectural Products, and the manufac-
Only a handful of changes and consolidations in the FDMC 300 for this
past year as sales gain 5 percent.
FDMC 300 companies stay the course