Dorel Industries Inc. (“Dorel”) announced that it has entered into a definitive agreement to sell Dorel Sports, its bicycle segment, to Pon Holdings B.V., a Dutch mobility group, for US $810 million in cash, representing approximately CAD $1 billion, payable to Dorel at closing. Dorel expects to use the net proceeds from the sale of […]
SRS Announces Expansion in the Greater Philadelphia Area
SRS Distribution Inc. (“SRS”) announced that it has acquired Marvic Supply Company, Inc. (“Marvic” or the “Company”), a leading distributor of residential roofing, windows & doors, siding, and other related products. Terms of the agreement were not disclosed. Headquartered in Doylestown, Pennsylvania, Marvic was acquired in 1967 by Frank Terry and is run today by […]
Goodfellow Reports Its Results for the Third Quarter Ended August 31, 2021
Goodfellow Inc. (“Goodfellow” or the “Company”) announced its financial results for the third quarter ended August 31, 2021. The Company reported a net income of $10.0 million or $1.17 per share compared to a net income of $6.7 million or $0.78 per share a year ago. Sales for the three months ended August 31, 2021 […]
Sherwood Lumber Announces Partnership with Ply Gem MSV & Clipstone
Sherwood Lumber has announced its partnership as a premier distributor of Ply Gem Stone and ClipStone products and will begin distribution in early 2022. This partnership solidifies Sherwood Lumber as a player in the exterior building products space and provides even larger robustness to Sherwood’s offering on siding products and accessories. “Sherwood Lumber is a […]
Freddie Mac: Mortgage Rates Decrease Slightly in October 7th Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 2.99 percent. “Mortgage rates continue to hover at around three percent again this week due to rising economic and financial market uncertainties,” said Sam Khater, Freddie Mac’s Chief Economist. “Unfortunately, with the expectation that both mortgage rates and […]
Obituary: Carl L. Rosenberry
Carl L. Rosenberry, 90, of Fort Loudon, went to be with the Lord at his residence on October 1, 2021. He was the beloved husband of Anna (Bock) Rosenberry and they would have celebrated 65 years of marriage on November 3rd. Born February 25, 1931, in Fannettsburg, he was a son of the late David […]
Floor & Decor Launches the Grand Opening of its Oxnard, California Store
Floor & Decor, a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Oxnard, California, on October 14, 2021. The 80,000 square-foot Floor & Decor warehouse store and design center will open with a team of about 50 full-time and part-time associates led […]
Russin & Tropical Team Up To Distribute Black Label
Russin will be the exclusive Northeast and Mid-Atlantic distributor for Black Label, Tropical Forest Products’ new brand of Ipe and other tropical hardwoods that is 100% verified legal and graded to strict standards. Some Black Label products are already in stock at Russin and others, including branded fasteners and oil, will arrive over the next […]
IWP Names New Specialty Wood Products Manager
IWP is pleased to announce that Allan Hurd has accepted a new role as Specialty Wood Products (“SWP”) Manager based in the Clackamas, OR location. Allan has been part of the of the IWP Specialty Wood product team for 2 years working with all IWP locations. His years of experience in wholesale building material distribution […]
Kodiak Building Partners Acquires Carl’s Building Supply
Lawrence Johnson, owner of Carl’s Building Supply, and Kodiak Building Partners announced today the acquisition of Carl’s Building Supply, effective October 1, 2021. Carl’s was founded in 1947 and serves the lumber and hardware needs of builders and homeowners in the greater Olympic Peninsula market, in western Washington. Lawrence will continue to remain active with […]