Teknion Restructure and Announces Management Changes
1.14.08| Teknion Corporation of Canada was very busy during 2007, and appears
to have achieve several successes. But few of these have been
apparent in its stock price. Now, it is undergoing a restructuring,
of which the details remain sketchy, but the general outlines are now
being disclosed.
At the end of last week, Teknion announced that Frank Delfino, Senior Vice President and most recently, President, of Canadian and International Markets, was appointed to the newly created position of President, Worldwide Markets. Simultaneously, Teknion announced that Stephen L. Silver, President of Teknion LLC (Teknion's U.S. business operation) has resigned.
Furniture Brands International to Divest HBF
10.22.07 | HBF and HBF Textiles parent company Furniture Brands
International last week announced its intent to divest the two
companies. The company has retained Wachovia Securities to assist in the
process.
IA Interior Architects Acquires Wolcott Architecture Interiors
3.26.07 | David Mourning is a swell fellow and ostensibly
an easy-going guy, but in fact he is always rummaging around in his mind
to find new ways to expand the reach and capabilities of the firm he
founded in 1984, IA Interior Architects. Now, when firms
everywhere are searching desperately for people to handle the plentiful
work, and when firms are elbowing for position to gain the enticing
projects in the resurgent Los Angeles and Southern California market, Mr.
Mourning has again severed the Gordian knot, announcing that IA
Interior Architects (IA) has signed a letter of intent to acquire the
Los Angeles-based firm of Wolcott Architecture-Interiors, said to
be the strongest independent design firm in Southern California. The
closing of the merger is expected to take place in 60 to 90 days, but the
two firms have already begun integration and the pursuit of joint
marketing opportunities.


