Cabinet Supplier Finds Silver Lining in Cloudy Economy

first_imgVermont specialty wood products manufacturer Classic Designs by Matthew Burak continues to grow at a double digit pace, despite overall weakness in the housing market.The company manufactures high-quality turned columns for kitchen and bath cabinetmakers. Company sales have grown at an annual rate of 12% over the last 20 months. Internet sales from the companys website, is external) have grown 61% over the same period last year.Remodeling is driving our business right now, says General Manager David Redmond. Our customers are cabinetmakers from all over the country. They are telling us a couple interesting things. One, homeowners trying to sell their home in slow markets are remodeling kitchens in an effort to attract buyers. These people use our columns and corbels to update an older home with its first kitchen island. Two, were hearing that clients whose homes are not on the market are doing some serious cocooning. Instead of the big travel vacation, homeowners are investing in spending leisure time at home, Redmond says.Kitchens are getting bigger, with more ambitious trim packages at the high and upper-middle end levels, Redmond continues. Our products give cabinetmakers an easy way to make cabinetry look more luxurious. Classic Designs can modify any stock to give a custom look without the big expense of truly custom-turned components.Classic Designs by Matthew Burak84 Central StreetSt. Johnsbury, VT is external)last_img read more

Former credit union VP faces sentencing for $350,000 theft

first_imgMerrideth Christina McMillian, a former vice president of the $212 million Singing River Federal Credit in Moss Point, Miss., will be sentenced in June for taking out more than $350,000 in fraudulent loans against her grandmother’s estate, and in the names of her husband, father, a friend and members, according to the U.S. Attorney’s office for the Southern District of Mississippi.During a federal court hearing last week, McMillian, 46, of Vancleave, pleaded guilty to one felony count of credit union theft.After an August 2018 audit, the credit union uncovered a “web of fraudulent activity” and contacted the FBI, which launched an investigation, Assistant U.S. Attorney Kathlyn Rose Van Buskirk said.A month later, McMillian was fired. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more