PPG today announced that Rebecca Liebert, executive vice president, will leave the company to explore an external opportunity, effective Sept. 16, 2022. Rebecca’s new global executive opportunity, which will be announced soon, is a true testament to her strong leadership capabilities and speaks highly of the top talent that has been developed and nurtured at […]
GMS Reports First Quarter Fiscal 2023 Results
GMS Inc., a leading North American specialty building products distributor, today reported financial results for the fiscal first quarter ended July 31, 2022. First Quarter Fiscal 2023 Highlights (Comparisons are to the first quarter of fiscal 2022) Net sales of $1,359.6 million increased 30.5%; organic net sales increased 24.1%. Net income of $89.5 million, or […]
Flexsteel Board of Directors Unanimously Rejects Unsolicited Proposal from CSC Generation Holdings
Flexsteel Industries, Inc.(“Flexsteel” or the “Company”) today announced that its Board of Directors, in consultation with its independent financial and legal advisors, has unanimously rejected the unsolicited, preliminary non-binding proposal from CSC Generation Holdings, Inc. (“CSC”) to acquire Flexsteel for $20.80 per share in cash. “After careful review and consideration of CSC’s unsolicited proposal, our […]
Tractor Supply and Carhartt Launch Exclusive Collection Supporting Skilled Trade Jobs
Tractor Supply Company, the largest rural lifestyle retailer in the United States, the Tractor Supply Company Foundation and Carhartt, America’s premium workwear brand, announced the second year of the “Support the Trades” line to further help close the country’s skilled trades gap. Support the Trades merchandise is exclusively available in Tractor Supply stores and at TractorSupply.com. […]
Canfor Curtailing Operations in Sweden
Canfor Corporation (the “Company”) is announcing reduced operating schedules effective September 12, 2022 at its Swedish facilities due to a decrease in market demand. The reduced operating schedules will result in a 15% decrease in production capacity and are anticipated to be in effect through the fourth quarter. “Rising inflation and mortgage rates in Europe, […]
BlueLinx Expands Board Of Directors Adding Keith A. Haas And Marietta Edmunds Zakas
BlueLinx Holdings Inc. (“BlueLinx”), a leading U.S. wholesale distributor of building products, announced that Keith A. Haas and Marietta (“Martie”) Edmunds Zakas were appointed as new directors by the company’s Board of Directors, increasing the size of the Board to eight directors, including six independent directors. “We are excited to welcome two accomplished professionals in […]
Brightstar Capital Partners Closes Investment in WindsorONE
Brightstar Capital Partners (“Brightstar”), a private equity firm focused on partnering with families, founders, entrepreneurs, and management teams, today announced it has closed its previously announced investment in WindsorONE (“the Company”), a leading U.S.-based manufacturer of highly-crafted fabricated wood products for interior and exterior applications. The Company’s products primarily serve the rapidly growing repair and […]
Western Forest Products Inc. Completes Acquisition of Calvert Company
Western Forest Products Inc. (“Western” or the “Company”) announced its wholly owned subsidiary, WFP Engineered Products LLC, has completed the acquisition of certain assets of Calvert Company, Inc. (“Calvert”) located in Washington State. “We are thrilled to welcome Calvert’s employees to Western,” said Don Demens, Western’s President and CEO. “This acquisition is an exciting new […]
Southeast Building Supply Interests Acquires Buettner Brothers Lumber Company, Expanding its Geographic Footprint to Alabama
Southeast Building Supply Interests (“SBSI”), a platform company of the leading building industry-focused investment firm Building Industry Partners (“BIP”), has acquired Buettner Brothers Lumber Company (“Buettner”). SBSI is led by industry veteran Roger Farmer, and serves local, regional, and national builders and contractors, as well as do-it-yourself customers, across five states in the Southeast. Buettner […]
Mortgage Applications Decrease in August 31st MBA Weekly Survey
Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 26, 2022. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the […]