CMI, the Chicago-based manufacturer and marketer of CraftMaster Interior Doors, has made an equity investment in Fudun and entered into a joint venture partnership with Yawei and TaFu, makers of particleboard, door facings and related products located in Dunhua, Jilin Province.
The move expands CMI's manufacturing network and is aimed at helping the company grow its international molded interior door business, particularly in Asia, India and the Middle East, while better positioning CMI for the domestic new construction market recovery.
CraftMaster Asia, a wholly owned subsidiary of CMI, will manage the partnership with Fudun. Terms of the transaction were not disclosed.
Jilin Fudun Timber Company is a joint venture created by Dunhua Shaving Boards Factory and Hongkong Fulbond Holdings. It is one of the 100 largest timber enterprises in China. At its facility in Dunhua, Fudun operates a fully integrated production line capable of producing door skins as well as flush and embossed HDF sheets for use in the furniture and door industries.