Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 2.81 percent, the lowest rate in our survey’s history which dates back to 1971. “Low mortgage rates have become a regular occurrence in the current environment,” said Sam Khater, Freddie Mac’s Chief Economist. “As we […]
Westlake Ace Hardware to Open Brookside Location
Westlake Ace Hardware recently announced that it signed a lease to open a new store at 104 West 63rd St. in Kansas City – in the heart of the historic Brookside neighborhood. Westlake Ace is scheduled to take possession of the 6,600 square foot space – the former site of Tuesday Morning – on October 19, 2020. A […]
Mill Road Capital Increases Acquisition Proposal for Huttig Building Products in New Letter
Delbert Tanner Chairman of the Board of Directors Huttig Building Products, Inc. 555 Maryville University Drive, Suite 400 St. Louis, MO 63141 Re: Acquisition Proposal for Huttig Building Products, Inc. Dear Mr. Tanner: Mill Road Capital Management LLC and its affiliated funds (“Mill Road”) are pleased to present this proposal for the acquisition of Huttig […]
Pinnacle Renewable Energy Inc. Announces the Appointment of Duncan Davies as Chief Executive Officer
Pinnacle Renewable Energy (“Pinnacle” or the “Company”) announced the appointment of Duncan Davies as Chief Executive Officer effective November 1, 2020, replacing the current CEO, Rob McCurdy, whose retirement plans were announced earlier this year. Mr. Davies will continue to serve on the Company’s Board of Directors, which he joined in April 2020. From 2000 […]
Lowe’s Canada Presents a Total of Over $2.1 Million to More Than 235 Hero Organizations Across the Country
Lowe’s Canada, one of Canada’s leading home improvement retailers, is proud to announce that a total of over $2.1 million will be donated to more than 235 non-profit organizations and public schools across the country whose actions make them true heroes in their communities. This year, for the very first time, 47 stores affiliated with […]
USA Millwork Updates Subsidiary Names
USA Millwork has recently embarked on the process of unifying its five subsidiaries under the same banner and updating each location name to reflect our national brand. Although this process has been delayed due to COVID-19, we are pleased to announce that as of November 1, 2020 each of USA Millwork’s locations will have a […]
Hooker Furniture’s HMI Division to Open Central Distribution Center in Georgia
Home Meridian International (“HMI”), a division of Hooker Furniture Corporation based here, will consolidate its East Coast warehousing operations in a new 800,000-square-foot distribution facility in Liberty County, Georgia strategically located near the Port of Savannah. The state-of-the-art distribution center is expected to be fully operational by Fall of 2021, the company said. The division […]
International Paper Completes the Sale of Its Brazilian Corrugated Packaging Business
International Paper announced that it completed the previously disclosed sale of its Brazilian corrugated packaging business to Klabin S.A. The business has three containerboard mills and four box plants. The company will continue to run its papers business and forestry operations in Brazil. About International Paper International Paper (NYSE: IP) is a leading global producer […]
Mortgage Applications Decrease in October 14th MBA Weekly Survey
Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 9, 2020. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
SVPGlobal Completes Acquisition of OmniMax International
OmniMax International (“OmniMax”, or the “Company”) and funds managed by Strategic Value Partners, LLC and its affiliates (“SVPGlobal”), a global investment firm with approximately $10 billion of assets under management, today announced that SVPGlobal has completed its acquisition of OmniMax. OmniMax is the leading national manufacturer of residential roof drainage systems and a top supplier […]