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In Memoriam Dan Maddox

Thursday, October 2, 2014,
Founder, Hearth Products Controls

It is with deep regret and sadness that I must inform you of the passing of Dan Maddox on Tuesday, Sept. 30th, 2014. Dan passed away peacefully at Brighton Gardens Senior Living in Centerville, Ohio, with his wife Connie by his side. Dan was the founder...

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HNI Corporation Acquires Vermont Castings Group

Wednesday, October 1, 2014, MUSCATINE, IOWA

HNI Corporation (NYSE: HNI) and its Hearth & Home Technologies business announced the acquisition of the Vermont Castings Group, a leading manufacturer of freestanding hearth stoves and fireplaces. The Vermont Castings Group has annual revenue of...

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Anemic Household Growth, 2013-14

Wednesday, October 1, 2014, ITHACA, NEW YORK

From New Strategist Publications Reflecting the economic instability affecting so many Americans, the number of households in the United States increased by a tiny 0.4 percent between 2013 and 2014, according to the Census Bureau. In only two of the...

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Median Household Income Has Stalled

Tuesday, September 30, 2014, ITHACA, NEW YORK

From New Strategist Publications The $51,939 median household income of 2013 was not significantly different from the $51,758 of 2012, after adjusting for inflation. This is the second year in a row of no significant change in median household income,...

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Consumer Confidence for September

Tuesday, September 30, 2014, NEW YORK, NEW YORK

The Conference Board Consumer Confidence Index, which had increased in August, declined in September. The Index now stands at 86.0 (1985100), down from 93.4 in August. The Present Situation Index decreased to 89.4 from 93.9, while the Expectations Index...

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Weber Opens First Canadian Office and Grill Academy

Friday, September 26, 2014, VAUGHAN, ONTARIO

Weber-Stephen Products expanded its global operations and officially opened its first Canadian office and Weber Grill Academy in Vaughan, Ontario. Jim Stephen, executive chairman and son of barbecue pioneer and Weber founder George Stephen, participated...

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Summer Classics Offers Golden Tickets For Early-Buy Orders

Thursday, September 25, 2014, BIRMINGHAM, ALABAMA

At Summer Classics’ annual Garden Party, this year’s theme was Willy Wonka’s timeless song, “Pure Imagination,” an idea that reflects the approach of Summer Classics’ creative staff and president Bew White. The company...

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New Home Sales Surge in August

Wednesday, September 24, 2014, CHARLOTTE, NORTH CAROLINA

From Wells Fargo Economics Group In August, new home sales reached their highest level since 2008, jumping 18 percent. The increase was largely due to sizeable gains in the Northeast and West, which increased 29.2 percent and 50 percent respectively....

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Jøtul NA Expands Operation To Include Wood Stove Production

Tuesday, September 23, 2014, GORHAM, MAINE

The Norwegian trade union and Ratos AB, private equity owners in Stockholm, Sweden, approved the transfer of wood stove production to Jøtul’s North American headquarters. All wood and gas stoves, inserts and fireplaces sold in the North American...

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Selkirk & American Metals’ Parent Company Is Purchased

Tuesday, September 23, 2014, DALLAS, TEXAS

Air Distribution Technologies, the parent company of venting brands Selkirk, American Metals and Hart & Cooley, was purchased June 16, 2014, by global giant Johnson Controls. It was purchased from the Canadian Pension Plan Investment Board for a reported...

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