EP Group (“EPG”), a family-owned operating group based in Charleston, South Carolina, is excited to announce its acquisition of Columbus, OH-based Morgan Wood Products (the “Company”). Founder and CEO of Morgan Wood, Luke Reinstetle, will continue in his role as the company looks to expand into new markets and capture new commercial opportunities. Morgan Wood Products supplies a mix […]
Mead Lumber Announces Rebranding Initiative
Mead Lumber, a leading supplier of building materials and services, announced today the launch of its rebranding initiative. The rebranding initiative is aimed at updating the company’s look and creating consistency across its business units, both with employees and customers. As part of the rebranding initiative, Mead Lumber will unveil a new and modern logo, […]
Do it Best Announces Team Hires and Promotions – July 2023
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 […]
Lumber Price Index for Week Ending June 30, 2023
The Madison’s Lumber Prices Index for the week ending June 30, 2023 is: US$472 mfbm. This is up by +6.8%, or +$30, from the previous week when it was US$442. 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 […]
JELD-WEN Completes Sale of Australasia Business to Platinum Equity
JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, today announced that it has completed the previously announced sale of its Australasia business to Platinum Equity, a global investment firm. “The closing of this transaction represents a significant milestone in our strategy to simplify and streamline the company while maximizing shareholder value,” said […]
ABMA: Taxes & a New OSHA Heat Standard
Congress Both Houses are in recess this week and next in honor of the July 4th holiday. It is expected when lawmakers return that the House will take up the tax package that was reported out of the House Ways & Means Committee on June 13. Recall that the three bills that were marked up and passed that […]
Building Gurus: Are You A Leader Or A Manager?
You may have already heard this, but I really don’t like managing people. It’s funny coming from someone dedicated to helping others hire better. But, it is very true! Managing teams is not enjoyable on just about every level for me. I don’t like holding people accountable. You shouldn’t have to be told to get to work […]
Marcus Åsgärde Appointed to Executive Vice President of Södra Wood
September 1st, Marcus Åsgärde will be the new President of the Södra Wood business area. Marcus has an extensive background in Södra and will succeed Peter Jhaveri, who has decided to step down from the role to take on other assignments. Marcus Åsgärde most recently served as manager of a sales and operational planning project […]
Beacon Announces Four New Locations
Beacon announced that it has opened new locations in Ruskin, FL, Jackson, TN, Killeen, TX and Tyler, TX, serving residential and commercial contractors and lumberyards. The new branch in Ruskin, FL is in Hillsborough County, part of the greater Tampa-St. Petersburg-Clearwater market. “This location adds further service for customers in our Tampa Beacon OTC® network. We are […]
Westervelt Announces Leadership Changes
The Westervelt Company recently announced new leadership for finance. Tony Sheffield will join The Westervelt Company as Chief Financial Officer in the third quarter of this year. He joins the company after more than 30 years in the wood products industry. “Tony is a seasoned executive, and his experience as a leader at multiple levels […]