U.S. LUMBER GROUP LLC. (“U.S. LUMBER” or “the Company”), a wholly owned subsidiary of Specialty Building Products, LLC (“Specialty Building Products”), and Mid-State Lumber Corp., a local and regional wholesaler of building material products, announced that U.S. LUMBER has agreed to acquire Mid-State Lumber Corp. The transaction will combine industry leaders with an expanded offering […]
SDS Lumber Company Hires a Forest Industry Veteran to Lead its Operations
SDS Lumber Company (“SDS”) has hired Jeff Webber, a seasoned industry veteran, to take the helm as the company’s next president and set a new course for the future. “We are excited about the future of SDS under the leadership of Jeff Webber,” said Sandy McDade, SDS board chair. “Jeff brings decades of experience in the […]
HD Supply Holdings, Inc. Announces Fiscal 2020 Third-Quarter Results
HD Supply Holdings, Inc. (“HD Supply” or the “Company”), one of the largest industrial distributors in North America, today reported Net sales of $827.5 million for the third quarter of fiscal 2020 ended November 1, 2020, an increase of $2.3 million, or 0.3 percent, as compared to the third quarter of fiscal 2019. “I am […]
Westlake Ace Hardware Expands in Nebraska
Westlake Ace Hardware announced it will acquire four additional Q.P. Ace Hardware stores in Lincoln, Neb. In 2017, Westlake Ace acquired two Q.P. Ace stores in Omaha and Ralston. It is anticipated the acquisition of the four Lincoln stores will be completed on Dec. 28, 2020. Westlake Ace currently owns 13 locations in Nebraska. According […]
Obituary: Theodore A. Smith
Theodore A. Smith (“Ted”), our Dad, regretfully, passed away peacefully on November 16,2020 at the age of 88. He had spent the last 10 months in Ridgeview Lodge, and previously in Berwick on the Park, Kamloops. A special thank you to the team in both homes for your care and support. Dad was very proud […]
Obituary: William A. Weber
William A. Weber, long time resident of Redding, died at the age of 82 in Chandler, Arizona on August 19, 2020. Bill is the son of the late William Weber and Bessie Weber Nesbitt of Arcata, California. Bill graduated from Eureka High School in 1956. He then joined the Army and was eventually stationed on […]
Freddie Mac: Mortgage Rates Reach Another Record Low in December 3rd Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 2.71 percent, the lowest rate in the survey’s history which dates back to 1971. Sam Khater, Freddie Mac’s Chief Economist says, “Despite persistently low mortgage rates, home sales have hit a wall. While homebuyer appetite […]
GMS Reports Second Quarter Fiscal 2021 Results
GMS, Inc. (“GMS” or the “Company”), a leading North American specialty distributor of interior building products, reported financial results for the second quarter of fiscal 2021 ended October 31, 2020. Second Quarter Fiscal 2021 Highlights (Comparisons are to the second quarter of fiscal 2020, except where noted.) – Net sales of $812.9 million decreased 5.7%; […]
International Paper to Sharpen Focus on Industrial Packaging, Announces Spin-off of Printing Papers
International Paper (the “Company”) announced a plan to pursue a spin-off of the Company’s Printing Papers segment into a standalone, publicly traded company (“SpinCo”). The transaction will result in two streamlined, leading companies well positioned for long-term success. Upon completion of the transaction, International Paper and SpinCo will each be well positioned to create long-term […]
Dorel Calls Special Shareholders’ Meeting for Going-Private Transaction
Dorel Industries Inc. (“Dorel”) announced that the Québec Superior Court has issued an interim order authorizing, among other things, the holding of a special meeting (the “Special Meeting”) of Dorel shareholders on January 12, 2021. At the Special Meeting, shareholders will be asked to adopt a special resolution (the “Arrangement Resolution”) approving a previously-announced statutory […]