Mercer International Inc. (“Mercer” or the “Company”) is deeply saddened to announce that an independent contractor’s employee suffered a tragic and fatal workplace accident at our Peace River mill in Peace River, Alberta on June 11, 2022. Mercer has initiated an incident investigation and is fully cooperating with the authorities. “We are saddened about the […]
US LBM Names New Executive Vice President and Chief Human Resources Officer
US LBM, a leading distributor of specialty building materials in the United States, has announced that Wendy Radtke has joined the company’s executive leadership team as executive vice president and chief human resources officer. In her role as CHRO, Radtke is responsible for leading the development and implementation of US LBM’s overall associate experience and […]
Building Gurus: 7 Ways To Amp Up Your LinkedIn Profile
Use A High-Quality Profile Picture LinkedIn is a website used by professionals to connect with leaders in their industries. It is a Social Media site, but not the one you should use to post pictures of vacations or socializing. Upload a professional and recognizable picture of yourself. If you don’t have one, invest in a professional […]
Saint-Gobain to Invest $91 Million in Montreal Plant
Saint-Gobain, through its building products subsidiary CertainTeed Canada Inc., today announced plans to invest $91 Million CAD, including $40 Million CAD in grant money from the government of Quebec, via its EcoPerformance program, to upgrade equipment at its Montreal wallboard manufacturing facility and reduce its carbon emissions by up to 44,000 metric tonnes/year, creating the […]
PPG Highlights Tikkurila Acquisition, ESG Progress at 2022 Investor Day
PPG today announced it hosted an Investor Day in Helsinki, Finland, on June 9, 2022, highlighting the company’s growth through recent acquisitions, including Tikkurila, and its latest environmental, social and governance (ESG) initiatives and goals. PPG provided an update on the integration and performance of Tikkurila, a leading Nordic paints and coatings company acquired in […]
Boise Cascade Reaches Agreement to Acquire Coastal Plywood Operations
Boise Cascade Company (“Boise Cascade,” the “Company,” “we,” “our”) announced today that it has reached an agreement to acquire Coastal Plywood Company (“Coastal”), including its two manufacturing locations, from Coastal Forest Resources Company for $512 million, subject to certain closing adjustments. The Company currently plans to fund the transaction and closing-related expenses from its existing cash balances. Coastal is a provider […]
Metrie Announces Acquisition of Tinder Wholesale, LLC
Metrie®, North America’s largest manufacturer and distributor of millwork solutions, announces that it has entered into a definitive agreement for the acquisition of certain assets of Tinder Wholesale, LLC, a two-step distributor of interior and exterior millwork in the US East. Subject to the fulfillment of certain closing requirements, the deal is expected to close […]
NAHB: New Research Shows Regulations Account for 40.6 Percent of Apartment Development Costs
Regulation imposed by all levels of government accounts for an average of 40.6 percent of multifamily development costs, according to new research released today by the National Association of Home Builders (“NAHB”) and the National Multifamily Housing Council (“NMHC”). “The U.S. is facing a serious housing affordability crisis, in part, because of this overly burdensome regulatory environment,” […]
US Homeowners Gained Over $60,000 in Equity Per Borrower in Q1 2022 as Historic Home Price Growth Continues, CoreLogic Reports
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Homeowner Equity Report (“HER”) for the first quarter of 2022. The report shows U.S. homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 32.2% year over year, representing a collective equity gain of $3.8 trillion, […]
Freddie Mac: Mortgage Rates Increase
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.23 percent. “After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data,” said Sam Khater, Freddie Mac’s Chief Economist. “The housing market is incredibly rate-sensitive, so […]