Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, reported its results for the fourth quarter and full year of 2020. 2020 Fourth Quarter Commentary On a reported basis, compared to fourth quarter 2019: – Net sales increased 13 percent to $1,860 million; in local currency, net sales increased […]
IWP Names Jason Allen Executive Vice President
Jason Allen, an International Wood Products (“IWP”) veteran, has accepted a new position as IWP Executive Vice President. Allen has served on the IWP management team both as the General Manager of IWP Tumwater and as Sales Manager for IWP Clackamas. His extensive prior experience in the building products industry includes 4 years as the […]
Lonza Signs Agreement to Divest Specialty Ingredients Business to Bain Capital and Cinven
Lonza has entered into a definitive agreement with Bain Capital and Cinven to acquire Lonza’s Specialty Ingredients business and operations for an enterprise value of CHF 4.2 billion. – Lonza Specialty Ingredients to be sold to Bain Capital and Cinven for an enterprise value of CHF 4.2 billion – Divestment will allow Lonza to refocus […]
Pinnacle Renewable Energy to be Acquired by Drax Group
Pinnacle Renewable Energy Inc. (“Pinnacle” or the “Company”), announced that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Drax Group plc (“Drax”) and its wholly-owned subsidiary, Drax Canadian Holdings Inc., pursuant to which Drax will acquire all of the issued and outstanding common shares of Pinnacle in an all-cash transaction valued at […]
Blue Wolf Capital Announces Investment in Vicksburg Forest Products
Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, announced its investment in Vicksburg Forest Products, LLC (“VFP” or “the Company”), a manufacturer of Southern Yellow Pine lumber products that operates a sawmill facility in Vicksburg, Mississippi. Terms of the transaction were not disclosed. VFP’s sawmill produces a diverse mix of […]
Collins Appoints TJ Rosengarth as New President & CEO
Collins announced that TJ Rosengarth has been appointed as new President & CEO of the company. An experienced business leader, TJ Rosengarth will succeed Eric Schooler and assume responsibilities on February 15, 2021. TJ Rosengarth comes to us with an extensive background in the wood products industry with Willamette Industries in composite panels (1985-2000), Weyerhaeuser […]
Beacon Reports First Quarter 2021 Results
Beacon (the “Company”) announced results for its first quarter ended December 31, 2020 (“2021”). First Quarter Financial Highlights – Robust demand combined with strong operational execution drove significant year-over-year improvement in Q1 net income and Adjusted EBITDA – Double-digit first quarter net sales growth driven by residential strength, while operating cost improvements reflect productivity gains […]
PPG Completes Purchases From Certain Major Tikkurila Shareholders
PPG announced that on Feb. 5, 2021 it completed the purchase of shares in Tikkurila held by Varma Mutual Pension Insurance Company, Mandatum Life Insurance Company Limited and Kaleva Mutual Insurance Company. These shares represent, in the aggregate, approximately 9.32% of the shares in Tikkurila. PPG completed the purchases at the tender offer price of […]
Leggett & Platt Reports 4Q and Full Year 2020 Results and Announces 1Q Dividend
Chairman and CEO Karl Glassman commented, “We are pleased to have delivered a strong fourth quarter to end a very challenging 2020. Fourth quarter sales, EBIT, EBIT margin, and earnings per share increased versus the fourth quarter of 2019. For the full year, we generated strong operating cash flow, reduced debt levels, maintained significant liquidity, […]
R.P. Lumber Expands Into Iowa With the Acquisition of Dick-N-Sons Lumber
R.P. Lumber Co., Inc., a growing home improvement company with 71 locations, announced their acquisition of Dick-N-Sons Lumber, located in Blue Grass, IA. Founded in 1901, Dick-N-Sons is one of the oldest lumber yards in the state of Iowa and serves a diverse customer base of homebuilders, contractors, and do-it yourselfers. R.P. Lumber already operates […]