Mercer International Inc., (or “Mercer”), announced that it has successfully entered into a new €300 million revolving credit facility for its German subsidiaries with a syndicate of European banks (the “New Facility”). The New Facility has a five year term, is unsecured and accrues interest at a rate of Euribor plus a stipulated margin. The […]
True Value Company and Toro Announce Expanded Partnership Agreement
True Value Company announced an expanded partnership agreement with Toro that will provide True Value’s independently owned retailers access to the complete line of Toro’s battery-powered Flex-Force® 60V outdoor power equipment. Unveiled to retailers today at its Fall Reunion in Denver, CO, this solidified partnership marks another step forward for True Value as it strengthens […]
Stella-Jones Signs Agreement to Purchase Wood Pole Manufacturing Business of Texas Electric Cooperatives, Inc.
Stella-Jones Inc. (“Stella-Jones” or the “Company”) announced that it has entered into a definitive agreement to purchase substantially all of the assets employed in the wood utility pole manufacturing business of Texas Electric Cooperatives, Inc. (“TEC”) for a total purchase price of US$28M plus inventories of approximately US$4M. TEC produces southern yellow pine utility poles […]
Rocky’s Ace Hardware Announces the Passing of James J. Falcone Sr.
It is with great sadness that we announce the passing of James J. Falcone Sr. James passed away on Thursday, September 8, 2022 at the age of 84. He was surrounded by his loving family in his home in Groton, CT. James was a visionary and quintessential entrepreneur. He began his career as at “Rocky’s […]
Third Bench Consolidates Operations and Reduces Expenses
New America Energy Corp., and its operating subsidiary, Third Bench Holdings, LLC (“Third Bench” or the “Company”), is pleased to announce increased efficiency and consolidation at the Company’s Las Cruces Cabinets subsidiary (“LCC”) subsidiary in Las Cruces, New Mexico. LCC focuses on residential projects, focusing on selling and installing kitchen and bath cabinets in Southern […]
L&W Supply Promotes Zach Grubb to Manager of Winston-Salem, North Carolina, Location
L&W Supply, a nationwide distributor of interior building materials and construction supplies, has announced the promotion of Zach Grubb to branch manager of the Winston-Salem, North Carolina, location. Grubb started his career at L&W Supply in 2006 as an inside sales representative in Charlotte, North Carolina. Grubb has since held many roles, including inside sales […]
Charitable Giving by REALTOR® Associations Jumped 20% Since 2020
Charitable giving has continued to rise among Realtor® associations, according to a new report from the National Association of Realtors®. Key Highlights The typical Realtor® association donated more than $12,000 to their community last year, up from $10,000 in 2020. Two-thirds of Realtors® volunteer on a monthly basis. Eighty-five percent of associations held events that […]
Mortgage Rates Exceed Six Percent for the First Time Since 2008
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 6.02 percent. “Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008,” said Sam Khater, Freddie Mac’s Chief Economist. “Although the increase in rates will continue to […]
Stora Enso Has Signed an Agreement to Divest Its Nymolla Paper Site to Sylvamo
Stora Enso has signed an agreement to divest its Nymölla paper production site in Sweden, and all related assets to Sylvamo, a US-based global producer of uncoated paper. The enterprise value is EUR 150 million. Closing is expected in the beginning of 2023, subject to regulatory approvals. This transaction is part of the earlier announced […]
Joseph R. Hinrichs Appointed President and CEO of CSX
CSX Corp. (“CSX”) one of the nation’s leading transportation suppliers, today announced that, as part of a planned succession process, its Board of Directors has appointed seasoned executive Joseph R. Hinrichs as the Company’s new President and Chief Executive Officer, effective September 26, 2022. Hinrichs succeeds James M. Foote, who plans to retire as President […]