The total value of building permits increased 1.3% to $10.3 billion in October, led by gains in British Columbia (+15.0%) and Ontario (+4.5%). Construction intentions in the non-residential sector were up 4.2%, while the residential sector edged down 0.1%. On a constant dollar basis (2012=100), building permits increased 0.7% to $7.0 billion. New Brunswick Sees […]
Paper Excellence Announces Indefinite Curtailment of Catalyst Paper Tiskwat Mill in Powell River, BC
Paper Excellence today announced the indefinite curtailment of operations at its Catalyst Paper tiskwat mill. The ongoing contraction of global paper markets and paper prices, particularly in Asia, are creating significant on-going financial losses at the mill. Despite the best efforts of the mill’s committed team of employees, the facility is simply not viable under […]
Cook & Boardman Acquires BlueViolet Networks
The Cook & Boardman Group LLC (“Cook & Boardman” or “C&B”), the leading specialty distributor of commercial door entry solutions and systems integration services has announced the acquisition of Fountain Valley, CA-based BlueViolet Networks (“BlueViolet” or “BVN”). Terms of the transaction were not disclosed. Founded in 1979 by John Paul, BlueViolet is a leading security […]
West Fraser Announces Completion of U.S. South Lumber Mill Acquisition
West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) announced today that further to its news release of October 12, 2021, the U.S. regulatory review has been completed and the other closing conditions have been satisfied. As such, the Company is proceeding to close the acquisition of the Angelina Forest Products lumber mill located […]
Ace Hardware Opens First Store Under New Franchise Model in Mexico
As Ace Hardware continues to grow globally, Ace Hardware International Holdings, Ltd., a subsidiary of Ace Hardware Corporation, announces it opened its first store in Monterrey, Mexico on October 28, 2021, with a plan to open 13 additional stores by the end of 2022. The store is the first under Ace’s new turnkey franchise model […]
Beacon Completes Divestiture of Solar Products Business
Beacon announced the completion of the sale of its solar products (“Solar Products”) business to BayWa r.e., a leading renewable energy developer, service supplier and systems provider globally and in the Americas. Beacon’s Solar Products business consists of four dedicated and six shared branch locations where it distributes solar products, including photovoltaic panels, to both […]
White Cap Expands with Acquisition of Ram Tool
White Cap Supply Holdings, LLC (“White Cap”) has closed on a definitive agreement to acquire Ram Tool Construction Supply Co., LLC (“Ram Tool”). This combined business will be led by White Cap CEO John Stegeman and President Alan Sollenberger. Page Naftel, President of Ram Tool, also joins White Cap as Chief Sales Officer. “White Cap […]
Jason Flack Joins Cornerstone Building Brands as President, Stone Solutions
Cornerstone Building Brands, Inc. (the “Company”), the largest manufacturer of exterior building products in North America, announced the joining of Jason Flack as President of the Stone Solutions business unit. In this role, Mr. Flack will lead the Stone Solutions organization, provide strategic direction, and establish a trusted partnership with our customers. He will assume […]
Mortgage Applications Decrease in December 1st MBA Weekly Survey
Mortgage applications decreased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 26, 2021. This week’s results include an adjustment for the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 7.2 percent on a […]
Redwood Empire Announcement
On December 1, 2021, Redwood Empire and Division of Pacific States Industries, Inc (“PSI”) began operations in Houston, Texas. PSI purchased the facility in December 2021. Redwood Empire is owned by the Burch family from California. Operations include a Redwood lumber sawmill, redwood fence, post and rail mill, value added operations, treating plant and distribution […]