Kitchen & Bath Design News

APR 2019

Kitchen & Bath Design News is the industry's leading business, design and product resource for the kitchen and bath trade.

Issue link: https://kitchenbathdesign.epubxp.com/i/1099585

Contents of this Issue

Navigation

Page 20 of 68

Hanwha Transitions to Hyundai L&C ATLANTA — Hyundai Department Store Group, a major South Korean conglom- erate that operates a range of retail and service-based businesses, announced recently that it has completed the acquisition of Hanwha L&C, a leading manu- facturer of premium building materials. As part of the acquisition, the company has also changed its name to Hyundai L&C to further position itself as a global leader in the interior products in- dustry. Under this new ownership, Hyundai L&C remains commit- ted to maintaining and growing its premium surfacing, including HanStone Quartz and Hanex Solid Surfaces. To maintain business consistency, Hyundai Department Store Group decided to change the corporate name as minimally as possible, keeping "L&C" from the former name, which now stands for "Living and Culture." This reflects the retailer's commitment toward becoming a total living interior cultural compa- ny that provides meaningful value to lives and spaces, the firm said. Moving forward as Hyundai L&C, the company will aim to retain and maximize its val- ue through innovation and a strong focus on customers and their needs, the company continued. "This is a great development for our company," commented JK Lee, CEO of Hyundai L&C USA, LLC. "We are excited to be a part of the Hyundai family and the significant resources and support this brings, all of which enables us to provide even more value to our customers." Hanwha L&C's previous ownership under Morgan Stanley resulted in sig- nificant expansion, including a second HanStone Quartz production line in London, Ontario, Canada; the building of a new Hanex Solid Surfaces produc- tion facility in Temple, TX, which will be operational in the coming months, and the establishment of several service centers, warehouses and showrooms across the country. This new ownership by Hyundai Department Store Group, a $7 billion company, provides financial stability and the ability to significantly expand to meet customers' growing requirements for premium surfacing, the company added. Houzz Calls for Scholarship Applications PALO ALTO, CA — Houzz Inc., the Palo Alto, CA-based online platform for home remodeling and design, has announced a call for entries for "Houzz Scholarships," a program aimed at "supporting the next generation of residential renovation and design professionals," the company said. The competition, Houzz officials announced, is open to students studying architecture, interior design, landscape architecture or construction manage- ment. Houzz said it will award four $2,500 scholarships in the categories of Women in Architecture, Residential Design, Sustainable Residential Design and Residential Construction Management. Scholarships will be awarded bian- nually, in the spring and fall, Houzz added, noting that it is currently accepting applications for fall 2019. High school seniors, undergraduates and graduate students 17 years of age or older are invited to apply at houzz.com/scholarships. In addition to submitting a brief essay on their design and architecture influences, students are invited to create a Houzz professional student profile, where they can showcase their port- folio of work and network with more than 2.3 million active professionals around the world, Houzz said. The deadline for fall 2019 scholarships is June 30, 2019. Duravit Honors Top Performers DULUTH, GA — Duravit USA honored the company's leading sales performers and customers at its recent 2019 National Sales Meeting, corporate officials announced. The Duluth, GA-based manufacturer of bathroom furniture and plumbing products cited customers and members of its sales force for "their successes and dedication" to the Duravit brand in 2018. Honored were Whitehead Sales (Top Sales Region, Overall), Ferguson Enter- prises (Distributor of the Year), Jason King (Top Sales Region, Showroom) and DME Marketing (Top Sales Region, Projects). "Duravit USA is nothing without its partners, and we're thrilled to honor these four companies," said Tim Schroeder, Duravit USA president. "Their creative ap- proach to sales tactics and their absolute belief in the Duravit brand have led them to a successful year." 20 Kitchen & Bath Design News • April 2019 INDUSTRY UPDATE NOTEWORTHY DEVELOPMENTS IMPACTING THE KITCHEN AND BATH MARKET CONNECTION TO THE INDUSTRY SUBSCRIBE to the Kitchen & Bath Design News weekly newsletter to receive the latest news and product information in your inbox. KitchenBathDesign.com Circle No. 11 on Product Card

Articles in this issue

Links on this page

Archives of this issue

view archives of Kitchen & Bath Design News - APR 2019