Enhances MasterBrand’s portfolio of premium cabinetry and unlocks meaningful value for shareholders and customers MasterBrand, Inc. (the “Company,” or “MasterBrand”), through its subsidiary MasterBrand Cabinets LLC, announced that it has completed its acquisition of Supreme Cabinetry Brands, Inc. (“Supreme”), a highly regarded cabinetry company, from GHK Capital Partners LP (“GHK”) for $520 million in cash. […]
Richelieu Continues its Growth, Solid Increase in U.S. Sales
Richelieu continued its growth in the second quarter with sales up 2% compared to the corresponding quarter of 2023. This increase resulted from our recent acquisitions, our market penetration and value added service strategies, which is appreciable in the current market conditions. Our sales grew by 4.5% in the manufacturers’ market, with increases of 0.9% […]
LBM Advantage Hires New Member Sales Manager for Southeast Region
LBM Advantage, the nation’s fastest-growing lumber and building materials cooperative, is pleased to announce the appointment of Kirk Yoggy as Member Sales Manager for the Southeast region. Kirk Yoggy brings a wealth of experience to this role, having dedicated his entire career to the lumber and building industry. His previous positions include manager at various […]
Hardwood Industry Launches New Tool for Architecture and Design Professionals
The Real American Hardwood Coalition (RAHC) and the National Hardwood Lumber Association (NHLA), in partnership with the U.S. Forest Service, have launched a new website at RealAmericanHardwood.pro. The website was developed to educate architects, interior designers, and construction professionals on the attributes of Real American Hardwood® products, as well as introduce new and innovative hardwood product technologies […]
LBM Advantage Appoints New Chief Executive Officer
LBM Advantage, Inc., one of the nation’s premier lumber and building cooperatives, is pleased to announce that after a meticulous selection process, the Board of Directors has chosen Dave DeJoy as Advantage’s new President/Chief Executive Officer succeeding Steve Sallah who has been CEO for the past sixteen years. DeJoy will officially step into his new […]
84 Lumber Returning as Presenting Sponsor of 2024 U.S. Capitol Christmas Tree for Third Consecutive Year
“The People’s Tree” will travel 4,200 miles from Alaska to Washington, D.C. for the holiday season 84 Lumber, the nation’s largest privately held building materials supplier, is proud to announce its sponsorship of the 2024 U.S. Capitol Christmas Tree, marking the third year the company has been the presenting sponsor of what is affectionately known […]
Armadillo Decking Partners with Military Makeover with Montel® to Honor Military Families on Lifetime TV
Armadillo Decking, a leading manufacturer of eco-friendly and sustainable composite decking, is thrilled to announce its partnership with the acclaimed television series, Military Makeover with Montel®, airing on Lifetime TV. This collaboration underscores Armadillo Decking’s commitment to giving back to those who have served our country by contributing to home makeovers that celebrate and support […]
SCM to Bring Frontline Wood Innovation to IWF 2024
SCM returns to IWF with cutting-edge technological and digital innovations and a rich program of live demonstrations dedicated to the whole woodworking industry. In an exhibition space of around 29,500 square feet, SCM will illustrate an impressive range of products and services that are capable of meeting every specific production process in the sector: furniture, […]
Bassett: Material Cybersecurity Incidents
On July 10, 2024, Bassett Furniture Industries, Incorporated (the “Company”) detected unauthorized occurrences on a portion of its information technology (IT) systems. Upon detecting the unauthorized occurrences, the Company immediately began taking steps to contain, assess and remediate the incident, including beginning an investigation, activating its incident response plan, and shutting down some systems. The […]
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 5, 2024. Last week’s results included an adjustment for the July 4th holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.2 percent on a seasonally adjusted […]