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IKEA Continues U.S. Timberland Purchases

IKEA Continues U.S. Timberland Purchases Ingka Investments, IKEA’s parent company, recently made two timberland acquisitions which nearly doubles its U.S. forestland portfolio. One purchase was in East Texas for 42,000 acres, following a deal for 18,000 forestland...

IKEA Will Close Lone U.S. Plant

IKEA Industry announced it will discontinue production at its Danville, Va. location in December. The plant, which has been in operation since 2008 and employs 300, produces wood-based furniture for its retail stores in the U.S. and Canada. Production will be moving...