Company expects to achieve approximately US$850,000 in annual cost savings The platform migration and enhancements provide significant updates to BuildDirect’s front and backend systems for its e-commerce business BuildDirect.com Technologies Inc. (“BuildDirect” or the “Company”) a leading omnichannel building material retailer, is pleased to announce that the Company has completed e-commerce platform migration and enhancements. As […]
Statistics Canada: Building Permits July 2023
The total monthly value of building permits in Canada declined 1.5% in July to $11.7 billion despite a monthly gain of 5.4% in the residential sector. On a constant dollar basis (2012=100), the total value of building permits was down 3.5% to $6.7 billion. Residential permit values up with third consecutive increase in single-family buildings The total monthly value of […]
International Paper Announces CEO Succession Plan
International Paper (NYSE: IP) announced today that Chairman and CEO Mark Sutton has requested that the Board of Directors move forward with the next phase of the company’s CEO succession plan. This phase in the process will include a comprehensive evaluation of internal and external candidates for Sutton’s successor. Sutton will continue in his role as chairman and CEO until his […]
West Fraser to Acquire Spray Lake Sawmills
West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) announced today that it has entered into an agreement to acquire Spray Lake Sawmills located in Cochrane, Alberta subject to certain post-closing adjustments. The transaction is anticipated to close later this year following completion of Canadian regulatory reviews and satisfaction of customary conditions. Spray Lake […]
Mortgage Applications Decrease in September 6th MBA Weekly Survey
Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Jones Capital Appoints Jeff Crain as CEO of Jones Lumber
Jones Capital (“Jones”), a privately owned middle market investment firm, announces the appointment of Jeff Crain as CEO of Jones Lumber. effective September 6, 2023. Jones Lumber is a group of hardwood lumber mills focused on selling wood products in the US and Asian markets. Having joined Jones Lumber 28 years ago, Jeff Crain has played […]
Nation’s Best Names Jace Mattinson as Chief Operating Officer
Nation’s Best Holdings, LLC has named Jace Mattinson as Chief Operating Officer (COO) across their growing coast to coast portfolio of lumber yards, home centers, and hardware stores. Jace became part of Nation’s Best in the capacity of Chief Financial Officer (CFO), bringing with him a wealth of expertise in private equity as well as […]
MBP Group Acquires Summit Stairs and Millwork
MBP Group (“MBP”), a portfolio company of Validor Capital, and best-in-class specialty building products and services company for the residential new construction and repair and remodel markets is pleased to announce it has acquired Summit Stairs and Millwork, significantly expanding its building products line. Summit Stairs and Millwork (“Summit”), based in Canton, GA, is a […]
Madison’s Reporter: Late-Season Demand Pushes Lumber Prices Up
In the week ending August 25, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$420 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$10, or +2%, from the previous week when it was $410. That week’s price is down by -$35, or -8%, from one […]
Pathway to PGTI Program Sees Success With First Hire
Venice High School graduate hired as a full-time apprentice through program that encourages skilled labor mentorship PGT Innovations (“PGTI”), a national leader in the premium window, door, and garage door industry, is achieving results with its Pathway to PGTI program, as it recently welcomed Andrew Clark, a Venice High School alum, into its four-year apprenticeship program […]