Mr. Kenneth Gray Berrier, 92, of Winston-Salem passed away Sunday, June 6, 2021. He was born March 28, 1929 in Forsyth County. Mr. Berrier was co-owner and operator of Tuttle Lumber Company since 1951. He was a member of Konnoak Hills United Methodist Church where he was a lifelong Lay Leader of the church, served […]
Doman Building Materials Announces Acquisition of Hixson Lumber Sales
–Hixson is a leading family-owned lumber and treated wood supplier operating in the Central United States with 19 lumber treating plants, five specialty sawmills and a captive trucking fleet. –Highly strategic acquisition that complements Doman’s existing US West Coast operations with immediate scale in some of the most attractive and fastest growing regions across the […]
Verso Corporation Names Brian D. Cullen Senior Vice President and Chief Financial Officer
Verso Corporation announced that Brian D. Cullen will become its Senior Vice President and Chief Financial Officer effective June 16, 2021. “I am very pleased to have someone of Brian’s caliber join Verso’s leadership team and serve in this critical role for our company,” said President and Chief Executive Officer Randy Nebel. “His operating finance […]
Hooker Furniture Corporation Exceeds Pre-Pandemic Growth Pace With Sales, Profitability Gains and Brisk Demand in First Quarter
Hooker Furniture Corporation reported consolidated net sales of $162.9 million for its fiscal 2022 first quarter ended May 2, 2021, a $58.3 million, or 56%, increase compared to the year-ago period. Net income for the first quarter was $9.4 million, or $0.78 per diluted share. Both the quarterly revenues and net income represent record-high sales […]
US LBM to Acquire Texas’ J.P. Hart Lumber and Hart Components
US LBM, a leading distributor of specialty building materials in the United States, has reached a definitive agreement to acquire J.P. Hart Lumber and Hart Components, a building products distributor and manufacturer with eight operating locations across Texas. Upon completion of the acquisition, US LBM will operate 65 locations in Texas. Founded in 1939 by […]
Freddie Mac: Mortgage Rates Inch Up But Stay Below Three Percent in June 3rd 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. “Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough,” said Sam Khater, Freddie Mac’s Chief Economist. “There are many potential homebuyers who would like to take […]
San Group Will Invest $100M in Four Forestry-Based Projects in Port Alberni
San Group plans to invest $100 million into its Port Alberni forestry operations over the next year, company owner Kamal Sanghera announced Wednesday. The largest portion of the investment is between $50 million and $60 million as part of an agreement to ship lumber by container ships from the city’s deep sea port. There are […]
Quanex Building Products Announces Second Quarter 2021 Results and Increases Full Year 2021 Guidance Again
Quanex Building Products Corporation (“Quanex” or the “Company”) announced its results for the three months ended April 30, 2021. The Company reported the following selected financial results: Three Months Ended April 30, Six Months Ended April 30, ($ in millions, except per share data) 2021 2020 2021 2020 Net Sales $270.4 $187.5 $500.5 $384.1 Gross Margin $61.9 $37.7 $115.6 […]
Taylor’s Announces Expansion in Two New Markets
Joe Taylor, President and CEO of Taylor’s Do it Center and Pleasants Hardware, announced today two new locations opening this fall. A new Pleasants Hardware location will open in New Kent in October and a new Taylor’s Do it Center location will open in Gloucester Point in November. This will be the twelfth Taylor’s Do […]
Carlisle Companies Announces Construction of New TPO Manufacturing Line
Carlisle Companies Incorporated announced that construction has begun on Carlisle Construction Materials’ (CCM) sixth TPO manufacturing line, which will produce the commercial roofing industry’s first 16-foot-wide TPO membranes. Located in Carlisle, PA, the new line will add to CCM’s industry-leading production capacity with the widest TPO sheets on the market. Consistent with Carlisle’s Vision 2025 […]