No Shareholder Action Required at This Time GMS Inc. (the “Company”), a leading North American specialty building products distributor, confirmed that it has received an unsolicited proposal from QXO, Inc. (“QXO”) to acquire all outstanding shares of GMS for $95.20 per share in cash. Consistent with its fiduciary duties and in consultation with its independent […]
Freddie Mac: Mortgage Rates Creep Lower
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. “Mortgage rates moved lower, with the average 30-year fixed rate reaching a four-week low,” said Sam Khater, Freddie Mac’s Chief Economist. “More available inventory to choose from, coupled with this week’s decline in mortgage rates, could be the […]
Statistics Canada: Investment in Building Construction, April 2025
The total value of investment in building construction decreased by $741.9 million to $22.3 billion in April. Investment in the residential sector decreased 4.5%, while the non-residential sector edged down 0.3%. On a constant dollar basis (2023=100), the total value of investment in building construction in April decreased 3.3% from the previous month and was up 5.6% on a year-over-year basis. […]
RONA Vegreville Celebrates its Official Grand Opening
Vantage Builders, who acquired the store in spring 2023, celebrates the opening of the store following its conversion to the RONA banner and the completion of the store’s expansion RONA inc., one of Canada’s leading home improvement retailers operating and servicing some 425 corporate and affiliated stores, joins Darren Davis, Ben Sawatzky, Cory Batog, Paul Ziprick […]
CN’s Falcon Premium Wins Award for Intermodal Excellence
CN announced that its industry-leading Falcon Premium intermodal service has received the Silver Container (Contenedor de Plata) award from the Asociación Mexicana del Transporte Intermodal (AMTI). AMTI is Mexico’s leading intermodal transport association, representing key stakeholders across the industry and promoting best practices in cross-border logistics. This prestigious award recognizes outstanding achievements in cross-border intermodal transportation between Mexico, the United […]
LP Building Solutions Names Chief Operating Officer
LP Building Solutions (“LP”), a leading manufacturer of high-performance building products, announced the appointment of Tony Hamill as Senior Vice President, Chief Operating Officer, effective June 30, 2025. “As we execute our long-term growth strategy, I am pleased to appoint Tony to the newly created role of Chief Operating Officer,” said LP President Jason Ringblom. “With over 30 years of leadership […]
LMC Dealers Celebrate 100 Years or More in 2025
Lumber and Building Materials dealers that have been operating for a century or more are a part of history. These centennial LMC dealers have endured multiple wars, economic fluctuations, and technological advances, evolving to stay innovative in the LBM industry. Through the hardship of the Great Depression, LMC was founded in 1935, exemplifying the same […]
QXO Proposes to Acquire GMS for $95.20 Per Share in Cash
QXO, Inc. sent a proposal to the President and CEO of GMS Inc. to acquire all outstanding shares of GMS for $95.20 per share in cash. The proposal implies a total transaction value of approximately $5 billion and reflects a 27% premium over GMS’s 60-day volume-weighted average price of $74.82. “Our all-cash proposal to acquire […]
Roseburg Forest Products Announces Manufacturing Leadership Promotions
Roseburg Forest Products announced that company veterans Matt Holt and Alexandre Ouellette will assume new, expanded manufacturing leadership roles with the departure of Chief Operations Officer Tony Hamill. “Promoting Matt and Alexandre acknowledges their expanding influence directing a manufacturing transformation underway at Roseburg that is generating performance and product quality gains benefitting our business and […]
A-1’s Ezwall® Nominated in Florida Chamber’s “Coolest Thing Made in Florida” Contest
A-1 Global Holdings, Inc. proudly announces that its EZWALL® Innovative Framing Solution™ has been nominated in the Florida Chamber of Commerce’s Coolest Thing Made in Florida contest. This annual competition celebrates innovation, excellence, and the vital role of manufacturing in Florida’s economy. “We’re honored to represent the Florida business community,” said Jan S. Beck, President […]