LMC President & CEO Paul Ryan and LMC Director Lauren Stout attended the annual American Building Materials Alliance (ABMA) Advocacy Event, where they joined fellow industry leaders to meet with lawmakers and policy staff on Capitol Hill. ABMA’s 2025 agenda takes direct aim at key challenges affecting the LBM industry—from tax reform and swipe fees to […]
ABC: Tariffs Drive Surge in March Construction Materials Prices
Construction input prices increased 0.5% in March, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released. Nonresidential construction input prices increased 0.6% for the month. Both overall and nonresidential construction input prices are 0.8% higher than one year ago. While crude petroleum prices fell considerably […]
ECI Software Solutions Acquires Davisware
Davisware’s industry-leading ERP solutions enhance ECI’s capabilities to support field service organizations across key commercial industries ECI Software Solutions (ECI), a global provider of cloud-based business management software and services, announced the acquisition of Davisware LLC, a premier provider of all-in-one business management solutions built for field service organizations. The acquisition extends ECI’s footprint in the […]
Fastenal Company Reports 2025 First Quarter Earnings
Fastenal Company (collectively referred to as ‘Fastenal’ or by terms such as ‘we’, ‘our’, or ‘us’), a leader in the wholesale distribution of industrial and construction supplies, announced its financial results for the quarter ended March 31, 2025. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in […]
People’s Republic of China: Announcement of the State Council Tariff Commission on Adjusting the Tariff Measures on Imports from the United States
On April 10, 2025, the US government announced that the “reciprocal tariff” on Chinese goods exported to the US would be further increased to 125%. The US’s imposition of abnormally high tariffs on China seriously violates international economic and trade rules, basic economic laws and common sense, and is completely a unilateral bullying and coercion. […]
Richelieu: 8.6% Sales Increase in the First Quarter, Five Acquisitions Since the Beginning of the 2025 Fiscal Year
“Richelieu has strongly started the 2025 fiscal year with five new acquisitions and an 8.6% increase in sales. This result is all the more appreciable given that the first quarter is historically the weakest period of the year and the renovation market conditions remained relatively stagnant during the period. Our market development initiatives, combined with […]
BMI Group Acquires Historic Espanola Mill, Expanding Industrial Network Across Ontario and Quebec
BMI Group, a leading industrial development company, has formed Bioveld North Inc. This strategic subsidiary has signed an Asset Purchase Agreement with Domtar to acquire the former Espanola pulp and paper mill. The closing of the sale is subject to customary regulatory approvals. Until then, Domtar will retain ownership of the assets. This acquisition, which establishes a […]
Stella-Jones Announces the Appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer
Stella-Jones Inc. (“Stella-Jones” or the “Company”) announced the appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer, effective April 14, 2025. Mr. Bourland joins Stella-Jones with a wealth of experience as a senior operations professional. He served most recently (2024–2025) as Chief Operating Officer for a leading supplier of hardwood lumber in North […]
Metrie® Expands Product Assortment, Adding Interior Doors to Key Markets in the Midwest and Florida
Metrie®, North America’s largest manufacturer and distributor of millwork solutions, has expanded their assortment to include interior doors in the U.S. Midwest and Florida regions. With over 50 years of experience in the Canadian door market and an established door business in its Metrie EL & EL division, Metrie is leveraging its category knowledge and […]
Statistics Canada: Building Permits, February 2025
In February, the total value of building permits issued in Canada increased by $371.3 million (+2.9%) to $13.1 billion. Gains in construction intentions were led by British Columbia’s non-residential sector. On a constant dollar basis (2017=100), the total value of building permits issued in February grew 3.2% from the previous month and was up 5.6% on a year-over-year basis. […]