Do it Best is pleased to announce the following additions to its team. Further, Do it Best proudly recognizes these promotions within the corporate office team. About Do it Best Based in Fort Wayne, IN, Do it Best is the only US-based, member-owned comprehensive and fully integrated hardware, lumber, and building materials buying cooperative in […]
White Cap Signs Definitive Agreement to Acquire BrownCo Manufacturing & Sales
White Cap, a distributor of specialty construction supplies and safety products for professional contractors, has entered into a definitive agreement to acquire BrownCo Manufacturing & Sales, a leading distributor of specialty concrete products for commercial and highway and bridge contractors across Oklahoma. “The BrownCo team has built strong customer relationships through their industry expertise and steadfast […]
Smurfit Kappa and WestRock Announce Transaction to Create a Global Leader in Sustainable Packaging
The “Go-To” Packaging Partner of Choice for All Stakeholders Highlights Following the announcement of a possible combination dated 7 September 2023 (“Possible Combination Announcement”), the Boards of Smurfit Kappa, a FTSE 100 company, and WestRock, an S&P 500 company, are pleased to announce the signing of a definitive transaction agreement (the “Agreement”) to create Smurfit […]
NAHB: Labor Department Proposes Changes to Overtime Pay Rules for Certain Salaried Workers
Late last week, the U.S. Department of Labor (“DOL”) issued a proposed rulemaking that would extend eligibility for overtime pay to roughly 3.6 million salaried workers. Specifically, the agency’s proposal would increase the current salary level for determining overtime pay requirements for executive, administrative, professional, outside sales, and computer employees from $684 a week ($35,568 annualized) to […]
Hillenbrand Appoints Leader of Molding Technology Solutions Operating Segment
Tamara (Tammi) Morytko joins the Company as Senior Vice President, and President, MTS operating segment Will focus on growth, product development, and operational efficiency Hillenbrand announced today the appointment of Tamara (Tammi) Morytko as Senior Vice President, and President of the MTS operating segment. Ms. Morytko will oversee the operations of the three businesses in […]
Lumber Price Index for Week Ending September 8, 2023
The Madison’s Lumber Prices Index for the week ending September 8, 2023 is: US$463 mfbm. This is up by +0.4%, or +$2, from the previous week when it was US$461. 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 […]
Wilson Lumber Announces Josh Hendrickson as Next President
Wilson Lumber is pleased to announce that Josh Hendrickson has been named the next President of Wilson Lumber Company. Hendrickson is currently VP of Sales & Marketing with more than 18 years of experience in the LBM industry. Wilson Lumber CEO Robb Wilson praised Hendrickson for his contributions to the growth of the company and […]
Freddie Mac Announces Michael J. DeVito to Retire as CEO
Freddie Mac announced today that Michael J. DeVito has informed the Board of Directors of his intention to retire as Chief Executive Officer in the first quarter of 2024. The Board will begin a search for a successor, and a smooth transition is anticipated. “We are very saddened to hear of Michael’s departure, and the Board expresses […]
Hooker Furnishings Reports Second Quarter Sales and Earnings
Hooker Furnishings Corporation (the “Company”), a global leader in the design, production, and marketing of home furnishings for nearly a century, today reported operating results for its fiscal 2024 second quarter and first half ended July 30, 2023. Fiscal 2024 Second Quarter Overview: Management Commentary “Despite a tough business climate and our team’s focus on […]
Wellborn Cabinet: A Home for a Hero
Wellborn Cabinet, Inc. is excited to announce that the construction for the “Hero Home” is complete! This home is packed full of Wellborn Cabinet’s Active Living product, allowing every part of the wounded warrior’s home to be accessible. In the next few weeks, this amazing hero will get to move into his brand new, accessible […]