The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2021: Building Permits Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,760,000. This is 0.3 percent (±1.2 percent)* above the revised March rate […]
The Home Depot Announces First Quarter Results
The Home Depot®, the world’s largest home improvement retailer, reported sales of $37.5 billion for the first quarter of fiscal 2021, an increase of $9.2 billion, or 32.7 percent from the first quarter of fiscal 2020. Comparable sales for the first quarter of fiscal 2021 increased 31.0 percent, and comparable sales in the U.S. increased […]
Masonite International Corporation Names Richard Leland as Vice President, Finance and Treasurer
Masonite International Corporation (NYSE: DOOR) today announced the appointment of Richard Leland as Vice President, Finance and Treasurer. In this role, Rich will have responsibility for all Treasury and Investor Relations activities, as well as the Corporate Business Planning & Analysis function. Rich comes to Masonite from Office Depot, where he led global treasury, investor […]
Unilin Group Acquires Industrial Sawmill in Romania from JAF Group
Unilin Group, through its division Unilin Flooring, has come to an agreement with the Austrian supplier of timber and wood-based materials JAF Group to acquire an important part of its production site in Brasov, Romania. With this integration the company, renowned for its brands Quick-Step and Pergo, further establishes its foothold in the (Engineered) Wood/Parquet […]
Robbins Lumber Acquires Limington Lumber
Today, two longtime, Maine, family-owned businesses join forces as Robbins Lumber, Inc. announces the acquisition of Limington Lumber Co. Robbins Lumber, Inc. of Searsmont, a fifth-generation, integrated forest products company is pleased to unite with Limington Lumber Co. in East Baldwin, a second-generation manufacturer of Eastern White Pine. Limington Lumber will operate as Robbins Lumber […]
Domtar Expanding to Become a Leading Airlaid Nonwovens Provider
Domtar Corporation announced it will expand its Jesup, Georgia based Engineered Absorbent Materials (EAM) facility. The project will play an integral role in helping the company grow its position as a leading global absorbent materials and technology business offering fluff pulp and airlaid nonwoven materials. “This expansion is a strategic step toward strengthening our value […]
PPG Completes Acquisition of Global Coatings Manufacturer Wörwag
PPG announced that it has completed its acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications. The company specializes in developing sustainable liquid, powder and film coatings and operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland, with headquarters in Stuttgart, Germany. Founded in 1918, Wörwag […]
Support Grows for CP+KCS as DOJ Affirms Anticompetitive Concerns with CN Proposal
Canadian Pacific Railway Limited (“CP”) announced that more than 130 additional stakeholders have filed statements with the Surface Transportation Board (“STB”) supporting CP’s planned, friendly merger with Kansas City Southern (“KCS”), bringing the total submitted to date to more than 680. There are also more than 110 letters filed with the STB expressing concern about […]
Eastern Engineered Wood Products Acquires Property and Breaks Ground on New Distribution Center in Virginia
On Monday afternoon, representatives from the Virginia Department of Rail and Public Transportation, Charlotte County, and Virginia’s Regional Heartland Industrial Facility Authority joined representatives from Eastern Engineered Wood Products for the groundbreaking of the company’s new distribution center near Keysville, VA. They addressed public officials and guests from Keysville and the surrounding area who attended […]
Westlake Ace Hardware to Open 24th Kansas City-Area Store
Westlake Ace Hardware announced it has signed an agreement to build a new store in Liberty, Mo. – joining 23 other locations Westlake Ace currently operates in the Kansas City area. The new 15,000 sq. ft. store will be built in the Highland Plaza Shopping Center, located on the northwest corner of I-35 and Highway […]