Flexsteel Industries, Inc. (“Flexsteel” or the “Company”), confirmed it has received an unsolicited preliminary non-binding proposal from CSC Generation Holdings, Inc. to acquire all outstanding shares of Flexsteel for $20.80 per share in cash. Prior to today’s public proposal, Flexsteel had no interaction with CSC Generation Holdings or any knowledge of its proposal. Consistent with its fiduciary duties and in consultation […]
Building Industry Partners Forms New Fire & Life Safety Platform, Endeavor Fire Protection, With the Acquisition of Valley Fire Protection Systems
Building Industry Partners (“BIP”), the leading building industry-focused private equity investment firm, has formed a new fire and life safety (“FLS”) platform company concurrent with its acquisition of Valley Fire Protection Systems (“Valley” or the “Company”). Founded in 1974, Valley Fire Protection Systems is the partner of choice in the market, fostering deep customer relationships […]
Rosboro Announces Temporary Curtailment at Stud Mill
Rosboro (the “Company”) announced today that the Company is temporarily scaling back production at its Springfield, Oregon stud lumber mill, effective immediately. Soft markets for framing lumber and elevated raw material costs were referenced as reasons for the curtailment. “The market has reached a point where producing at full capacity no longer makes financial sense” […]
LP Building Solutions Celebrates Ribbon Cutting for New Global Headquarters
LP Building Solutions (LP), a leading manufacturer of high-performance building products, celebrated a landmark day in company history on Aug. 19, 2022 with the grand opening of its new global headquarters in Nashville, Tennessee. The new headquarters, which spans the top two floors—all 60,000 square feet—of the Creative Office Building in Midtown’s Broadwest development, allows LP to further expand its corporate hybrid […]
Mortgage Applications Decrease in August 25th MBA Weekly Survey
Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 19, 2022. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]
NAR: Pending Home Sales Slipped 1.0% in July
Pending home sales declined for the second consecutive month in July, and for the eighth time in the last nine months, according to the National Association of REALTORS®. Three out of four major regions registered month-over-month decreases, though the West notched a minor gain. Year-over-year, all four regions saw double-digit percentage slides, the largest of […]
Madison’s Reporter: After Steep Drop, Lumber Prices Recover Somewhat
During these months of deep summer when construction activity is still going on but lumber sales slow because most retailers and end-user have received the wood they expect to need before 3Q, the lumber market generally finds new balance. There are, of course, other variables which affect solid wood prices during the summer season; such […]
Rayonier Releases 2021 Sustainability Report and Carbon Report
Rayonier Inc. released its 2021 Sustainability Report, which highlights actions the Company is taking to enhance the long-term well-being of its investors, employees, communities, and other stakeholders. This report illustrates Rayonier’s commitment to transparency around Environmental, Social, and Governance (ESG) factors and how they are incorporated into its strategic and operational decision-making. Earlier this year, Rayonier completed a […]
Tractor Supply Begins Construction on New Distribution Center in Maumelle, Arkansas
Tractor Supply Company, the largest rural lifestyle retailer in the United States, officially announced the groundbreaking of its new distribution center in Maumelle, Ark. The 1.2-million-square-foot facility represents an initial investment of $128 million and will be the tenth and largest distribution center in the Tractor Supply network. The distribution center will create nearly 500 […]
Toll Brothers Reports FY 2022 3rd Quarter Results
Toll Brothers, Inc. (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its third quarter ended July 31, 2022. FY 2022’s Third Quarter Financial Highlights (Compared to FY 2021’s Third Quarter): Net income and earnings per share were $273.5 million and $2.35 per share diluted, compared to net income of $234.9 million and $1.87 per share diluted in FY 2021’s […]