LL Flooring (the “Company”), formerly Lumber Liquidators, one of the nation’s largest specialty retailers of high-quality, hard-surface flooring that is dedicated to providing the best customer experience, announced the opening of its new Medford, New York, store, located at 700 E. Patchogue Yaphank Road, Suite 47. With 414 stores nationwide, this is the Company’s first […]
International Paper Completes the Sale of Its Corrugated Packaging Business in Turkey
International Paper has completed the sale of its ownership interest in Olmuksan International Paper to Mondi Group. The Olmuksan business includes five corrugated packaging plants with three hundred thousand tons of annual converting capacity. This transaction is in line with International Paper’s strategy to serve attractive markets from an advantaged position. Corrugated packaging remains a […]
Lowe’s Canada Raises a Record Amount of $1.2 M for Children’s Miracle Network and Opération Enfant Soleil
Lowe’s Canada, one of Canada’s leading home improvement retailers operating or servicing some 470 corporate and affiliated stores under different banners, is proud to present more than $1.2 million to Children’s Miracle Network and Opération Enfant Soleil to support the work of 14 children’s hospitals across the country for the fourth consecutive year. To raise […]
Maintenance Work at Tissue and Pulp Mills Set to Begin
A robust COVID-19 operational plan focused on the health and safety of employees, contractors and the wider community has been vetted and reviewed with provincial officials. The $20 million maintenance shutdown at Irving Tissue and Irving Pulp & Paper will proceed beginning Sunday May 30. The mills are scheduled for maintenance every 12 to 18 […]
NAHB: Commerce Secretary Pledges Full Support of Biden Administration to Resolve Lumber Issue
Commerce Secretary Gina Raimondo acknowledged the depth of the lumber price crisis and its effects on the residential construction industry, home buyers and renters during a meeting today with the NAHB senior officer team. “The residential construction industry is facing serious challenges because of supply chain constraints and the impact on home building, especially with […]
Interfor Continues to Grow with Acquisition of Four US Sawmills from Georgia-Pacific
Interfor Corporation (“Interfor” or the “Company”) announced that it has reached an agreement with Georgia-Pacific Wood Products LLC and GP Wood Products LLC (collectively “Georgia-Pacific”) to acquire four of its sawmill operations located in Bay Springs, MS, Fayette, AL, DeQuincy, LA and Philomath, OR (collectively the “Sawmill Operations”). The total purchase price of US$375 MM, […]
Tempur Sealy Provides Update On Improved Sales Trends
Tempur Sealy International, Inc. (“Tempur Sealy” or the “Company”) provided an update on its targeted second quarter sales performance. Quarter-to-date orders have accelerated since the Company’s first quarter earnings call, and it now targets total second quarter net sales growth of approximately 60% as compared to the second quarter of 2019. The second quarter of 2019 […]
Weston Forest is a Recipient of the 2021 Canadian Business Excellence Awards for Private Businesses
Steve Rhone, President and CEO of Weston Forest, is excited to announce that the company is once again a recipient of the Canadian Business Excellence Awards for Private Businesses. This is the fourth consecutive year that Weston Forest has won this prestigious honour. From the official awards press release: “Excellence Canada is pleased to announce […]
NAR: Pending Home Sales Drop 4.4% in April
Pending home sales took a step backward in April, according to the National Association of Realtors®. All four U.S. regions recorded year-over-year increases, but only the Midwest witnessed month-over-month gains in terms of pending home sales contract transactions. Key Highlights – Pending home sales decreased 4.4% in April from the prior month, in part due […]
Freddie Mac: Mortgage Rates Drop Below Three Percent in May 27th Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 2.95 percent. “Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow,” said Sam Khater, Freddie Mac’s Chief Economist. “In fact, homeowners who […]