According to a local news report Menard, Inc. (HQ: Eau Claire, WI), is moving forward with a proposal to build a distribution and manufacturing center in Ravenna, Ohio. The Record-Courier reports that “Portage County commissioners recently granted a 15-year, 100% tax abatement for a Menards distribution center along Route 88, at the city’s northeastern border. […]
Tempur Sealy Provides Improved Second Quarter Expectations
Tempur Sealy International, Inc. (the “Company” or “Tempur Sealy”) provided an update on its expected second quarter financial results. Quarter-to-date orders have significantly improved from previous expectations and the Company now estimates total second quarter net sales to be down only 15% compared to prior year as strong sales in May and early June are […]
Koppers Holdings Inc. Provides May 2020 Business Update
Koppers Holdings Inc. (“Koppers”), an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, reported its regularly scheduled monthly business update and will conduct a conference call and related webcast at 11:00 a.m. Eastern Time. This is part of an ongoing series to share recent developments and highlight strategic initiatives to […]
Mortgage Applications Increase in June 12th MBA Weekly Survey
Mortgage applications increased 8.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 12, 2020. The Market Composite Index, a measure of mortgage loan application volume, increased 8.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]
Obituary: Philip “Butch” Roy Kersten
Philip ‘Butch’ Kersten, 76 of Wittenberg, died peacefully on Monday, June 15th, 2020, after a long courageous battle with cancer. Butch’s last days were spent at Ascension Hospital where he was treated with dignity from each and every person. He was surrounded by his loved ones. His passing was as quiet as the man he […]
OmniTRAX Announces New Board Chair
OmniTRAX, one of the fastest growing railroads in North America and an affiliate of The Broe Group, has elected Cameron Scott Board Chair. As businesses across the country quickly move to optimize supply chain efficiency, the benefits from rail are playing a vital role. To accelerate the adoption of rail-based supply chains, OmniTRAX is tapping […]
Fiberon Launches Promenade PVC Decking
Fiberon, a leading manufacturer of composite decking, railing and cladding, has launched Promenade premium PVC decking. Featuring enhanced streaking, premium embossing and a next-generation surface coating designed for superior weather resistance, Promenade PVC decking is now available to order. “The Promenade launch enhances Fiberon’s PVC decking program and expands our overall product offering,” said Mark […]
Report: U.S. Structural Plywood Integrity Coalition Updates on Suit Against Timber Products Inspection, Inc. & PFS Corporation
On June 9, 2020, the U.S. Structural Plywood Integrity Coalition provided a letter to update on their suit against Timber Products Inspection, Inc. (“TPI”) [HQ: Conyers, GA] and PFS Corporation (“PFS-TECO”) [HQ: Cottage Grove, WI]. In the letter it was noted that the lawsuit was “brought for the purpose of stopping the increasing volumes of Brazilian plywood stamped […]
JD Irving $35 Million Modernization and Expansion at Doaktown NB Sawmill Begins Next Month
July will see shovels in the ground as the Sawmills Division of J.D. Irving, Limited begins a long-awaited investment at Doaktown. The $35 million project will see the mill’s footprint grow by 14,000 square feet bringing together the sawmill, planer mill and value added centre under one roof. Currently the sawmill is located on the […]
Ingersoll Rand Names Vikram Kini Senior Vice President, Chief Financial Officer and Kristen Actis-Grande as Vice President of Investor Relations and FP&A
Ingersoll Rand Inc. (“IR”) appointed Vikram “Vik” Kini as its senior vice president and Chief Financial Officer, reporting to Vicente Reynal, Chief Executive Officer. Kini will be succeeded by Kristen Actis-Grande as vice president of investor relations and financial planning and analysis (“FP&A”). Emily Weaver, current Chief Financial Officer, is leaving to pursue other opportunities […]