Expands service for commercial contractors in Los Angeles Beacon announced that it has completed the acquisition of Roofers Mart of Southern California, Inc. (“Roofers Mart”) located in Walnut, California. Roofers Mart has a 40-year history serving roofing contractors in the Los Angeles metro market. “We are excited to join the Beacon team. Our customers trust […]
Goodfellow Welcomes Marie-Hélène Nolet to its Board of Directors
Goodfellow Inc. (the “Company” or “Goodfellow”) is pleased to announce the appointment of Marie-Hélène Nolet to its Board of Directors, effective immediately. “We are delighted to welcome Marie-Hélène to our Board. Her leadership skills and management experience will certainly strengthen the Board’s ability to drive strategic initiatives and support management as they take steps to […]
Bassett Reports Fiscal Second Quarter Results and Launches Restructuring Plan
Bassett Furniture Industries, Inc. reported its results of operations for its second quarter ended June 1, 2024. The Company also announced a restructuring plan designed to improve long-term operational and financial performance. Q2 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] “Excluding the additional inventory valuation charges that we recorded, we were pleased with […]
Carbotech Group Announces a New Partnership with Woodtech for the Distribution of the Logmeter in United States and in Canada
Carbotech Group is pleased to announce an agreement with Woodtech, marking another important step in the sale of advanced technological solutions for the forest industry. Under this agreement, Carbotech Group will become the exclusive representative and manufacturer of Woodtech’s innovative Logmeter. Carbotech Group, with its Autolog unit, will also provide technical support during and after […]
WTG Announces Retirement of Mike Phillips
Wildwood Trading Group (WTG) announces a significant leadership transition following the retirement of one of its founding partners, Mike Phillips, effective April 15. Since its inception in September 2018, Wildwood Trading Group has experienced remarkable growth under the leadership of Mike, Kevin, and Grant. The company has not only increased its total sales but also […]
Saint-Gobain Completes the Acquisition of CSR in Australia
Saint-Gobain announces that it has completed the acquisition of CSR Limited (“CSR”), establishing a strong presence in the attractive Australian construction market. CSR is a leading player in building materials in Australia, consisting principally of Building Products (A$1.9bn in sales and an EBITDA margin of c.18% for the fiscal year ending March 31, 2024), with […]
NAHB: Share of Smaller Home Lots Reaches New High
A shift in speculatively built (or spec) home building toward smaller lots continued despite the pandemic-triggered suburban flight and presumed shifts in preferences toward more spacious living. The steadily rising share of smaller lots reflects unprecedented lot shortages confronted by home builders during the pandemic housing boom, as well as their attempts to make new […]
ABC: Construction Backlog Indicator Inched Higher in June, Contractors Remain Confident
Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.4 months in June, according to an ABC member survey conducted June 20 to July 3. The reading is down 0.5 months from June 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. The entire decline in backlog observed over […]
Madison’s Reporter: Plentiful Supply Drops Lumber Prices Further
The lumber market remained unbalanced, with consistent reports of oversupply in most species and categories. In the week ending June 28, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$346 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down -$10, or -3%, from the previous week when […]
LP Chair and CEO Brad Southern Named 2024 North American CEO of the Year by Fastmarkets
Leading independent analysts select Southern for the second time in five years LP Building Solutions (LP), a leading manufacturer of high-performance building products, announced that LP Chair and CEO Brad Southern has been named 2024 North American CEO of the Year by Fastmarkets. This marks the second time in five years that Southern has received this recognition, a rare achievement […]