Interfor Corporation (the “Company”) announced that its wholly owned subsidiary, Interfor East Ltd. (together with the Company, “Interfor”), has acquired a total of 28,684,433 common shares in the capital of GreenFirst Forest Products Inc. (“GreenFirst”) from Rayonier A.M. Canada G.P., which represents approximately 16.2% of GreenFirst’s issued and outstanding common shares. The total cash consideration […]
ABC: Nonresidential Construction Spending Down 1% in March; Recession Could Be Around the Corner
National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $839.2 billion for the month. Spending was down on a monthly basis in 11 of 16 nonresidential subcategories. Private nonresidential […]
NAHB: 2023 IBS Scholarship Application Now Open
More than 100 NAHB members between the ages of 21 and 35 have been awarded an IBS Scholarship to attend the NAHB International Builders’ Show® (IBS). Scholarship recipients receive economy roundtrip airfare, an All-Access Pass and hotel accommodations to attend IBS. “This being my first IBS that I’ve attended, I appreciated having fellow scholars to explore the […]
Do it Best Announces Team Hires and Promotions – May 2022
Do it Best is pleased to announce the following additions to its team. David Bryant as an LBM Sales Support Coordinator Brad Drysdale as an AP/Claims Supervisor Ryan Dunbar as an Associate Merchandise Manager Cordell England as a Consumer Marketing Specialist Arron Enyart as an Inbound Coordinator Morgan Ferguson as a Talent Acquisition Specialist Dan […]
Bauwerk Group Acquires Somerset Hardwood Flooring
Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1. With the acquisition, Bauwerk Group AG strengthens its global profile and gains a stronger foothold in the growing North American flooring markets. The transaction is characterized by the strongly complementary […]
LP SmartSide Trim & Siding Recognized as Most Sustainable Siding Supplier
LP Building Solutions (LP), a leading manufacturer of high-performance building products, is proud to announce that LP® SmartSide® Trim & Siding was recognized as the Green Builder Media’s Most Sustainable Siding Supplier in its 2022 Brand Index. The Brand Index looks at market trends and builder sentiment to evaluate the housing industry brand position in […]
Beacon Announces Digital Integration With AccuLynx
Beacon (the “Company”) announced today that its digital integration with AccuLynx is live and immediately available to customers. AccuLynx is a leading provider of all-in-one business management software for roofing contractors. This integration combines both companies’ industry-leading digital solutions to save customers time and create efficiencies. Beacon’s PRO+ e-commerce functionality is now available in real […]
Leggett & Platt Reports Record 1Q Results
Record 1Q sales1 of $1.32 billion, a 15% increase vs 1Q21 Record 1Q EBIT of $138 million, up $10 million vs 1Q21 Record 1Q EPS of $.66, an increase of $.02 vs 1Q21 2022 guidance unchanged: sales of $5.3–$5.6 billion; EPS of $2.70–$3.00 Diversified manufacturer Leggett & Platt reported record first quarter sales1 of $1.32 billion, a 15% increase versus first quarter last year. Organic sales2 were up 13% Volume was […]
R.P. Lumber Continues Missouri Growth with New Location in Mt. Vernon, MO
R.P. Lumber Co., Inc. has opened a new location in Mt. Vernon, MO. This is the family-owned hardware and building materials retailer’s 83rd location and its 17th in Missouri. R.P. Lumber opened its first location in Staunton, IL in 1977, and now – based in Edwardsville, IL – the company has continued to grow throughout […]
JELD-WEN Reports First Quarter 2022 Results
JELD-WEN Holding, Inc. today announced results for the three months ended March 26, 2022, including first quarter net revenue of $1,171.0 million, net loss of $0.5 million, adjusted EBITDA of $80.2 million, cash flow used in operations of $186.9 million, net loss per share of $0.01, and adjusted earnings per share (EPS) of $0.16. Comparability […]