Suzano, the world’s largest pulp producer, has announced the acquisition of industrial assets from Pactiv Evergreen in the United States. This will expand the company’s operations in North America and marks its entrance into the consumer and food service packaging segments in the region. The transaction is valued at US$110 million and includes two mills […]
Lumber Price Index for Week Ending July 12, 2024
The Madison’s Lumber Prices Index for the week ending July 12, 2024 is: US$369 mfbm. This is down -3%, or -$11, from the previous week when it was US$380. For information regarding the construction of this Index (species mix, weighed averages) please go here: https://madisonsreport.com/madisons-lumber-prices-index-a-powerful-tool-for-data-driven-decision-making/ About Madison’s Lumber Reporter Established in 1952, Madison’s Lumber Prices […]
Quanex Building Products’ Acquisition of Tyman Approved by Each Companies’ Shareholders
Quanex Building Products Corporation (“Quanex” or the “Company”) announced that shareholders of both Quanex and Tyman plc (“Tyman”) have approved Quanex’s proposed acquisition of Tyman. “On behalf of our Board of Directors and executive management team, I would like to thank Quanex and Tyman shareholders for their support as we move swiftly towards completing the transaction and creating a comprehensive […]
Carlisle Companies Publishes 2023 Corporate Sustainability Report
Carlisle Companies Incorporated published its 2023 Corporate Sustainability Report, highlighting progress toward its sustainability goals through its three-pillar sustainability strategy and culture of continuous improvement fostered through the Carlisle Operating System. “Carlisle’s steadfast commitment to our sustainability goals is consistent with our core values of continuous improvement and operational excellence,” said Chris Koch, Chair, President and […]
Statistics Canada: Building Permits, May 2024
In Canada, the total value of building permits was $11.7 billion in May, down 12.2% from a record high of $13.4 billion in April. British Columbia led the national decline in May with a significant drop of 50.7% after experiencing a record high for the total value of building permits issued in April. Excluding British Columbia, the total value […]
Jeff Watts Promoted to President and Chief Sales Officer of Fastenal, Dan Florness to Continue as CEO
Fastenal Company (the ‘Company’ or ‘Fastenal’) has appointed Jeff Watts, a 28-year Company veteran with deep global sales experience, to the position of President and Chief Sales Officer, effective August 1, 2024. Mr. Watts will assume the President role from Dan Florness, who will be voluntarily vacating the President position on the effective date. Mr. […]
Fastenal Company Reports 2024 Second 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 June 30, 2024. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in […]
The Woodgrain Distribution Division Expands TimberTech® Decking and Railing Portfolio
The AZEK® Company (“AZEK” or the “Company”) and Woodgrain, Inc. announced that Woodgrain has expanded its distribution partnership with AZEK to now include its Albuquerque location, which will offer TimberTech® by AZEK decking and railing products to customers throughout New Mexico, Southern Colorado and West Texas. “We are pleased to announce the expansion of our […]
Freddie Mac: Mortgage Rates Tick Down as Markets Digest Incoming Data
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.89 percent. “Following June’s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit,” said Sam Khater, Freddie Mac’s Chief Economist. “We’re also seeing more inventory on the market, […]
Anslum Hudlin Named 2023 Ryder Driver of the Year
Anslum Hudlin of Waco, Texas has been named Driver of the Year for the Ryder Dedicated Transportation Solutions business unit of Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions. Hudlin drives for Do it Best through Ryder. Hudlin’s 43-year driving career is distinguished by nearly 3.8 million miles on […]