Parksite, is pleased to announce the market expansion of Finyl Line low maintenance railing out of its Lakeland, FL location, providing coverage throughout the state of Florida. Parksite also distributes RDI’s by Barrette Outdoor Living’s Finyl railing through its locations in North Brunswick, NJ, Louisville, Ohio and Bolingbrook, IL. This added territory adds a reliable […]
Parksite Adds Versetta Stone to Exterior Products Lineup in Florida
Parksite, is pleased to announce the market expansion of Versetta Stone mortarless stone veneer out of its Lakeland, FL location, providing coverage throughout the state of Florida. Parksite also distributes Versetta Stone through its locations in Baltimore, MD, Garner, NC and North Brunswick, NJ. This added territory adds a reliable supply of this popular product. […]
Dorel Announces Increase in Purchase Price for Going-Private Transaction
Dorel Industries Inc. (“Dorel”) announces that it has entered into an amendment (the “Amending Agreement”) to the arrangement agreement dated November 12, 2020 (the “Arrangement Agreement”) under which a buyer group (the “Buyer Group”) led by an affiliate of funds managed by Cerberus Capital Management, L.P. (“Cerberus”) has agreed to acquire, for an increased purchase […]
Emerson Chief Executive Officer David N. Farr to Retire; Lal Karsanbhai to become CEO on Feb. 5
Emerson, a global technology and industrial software leader, today announced Chief Executive Officer David N. Farr will retire on Feb. 5. Lal Karsanbhai, who has served as executive president of the company’s Automation Solutions business since 2018, will become the new CEO of Emerson and join the board of directors. Karsanbhai has led Automation Solutions […]
PPG to Invest $20 Million by 2025 to Advance Racial Equity
PPG and the PPG Foundation today announced a commitment to invest $20 million by 2025 to address systemic racism and advance racial equity in the U.S. by funding educational pathways for Black communities and people of color. The commitment strengthens PPG’s focus on education – a priority giving area for PPG and the PPG Foundation […]
Ferguson Announces Completion of Wolseley UK disposal
Ferguson is pleased to confirm the completion of the disposal of Wolseley UK, its plumbing and heating distribution business, to Clayton, Dubilier and Rice. The Company previously announced its intention to return substantially all of the net proceeds of the disposal to shareholders by way of a special dividend. Ferguson expects to provide further details […]
Omaha-Based DMSi Software Acquires eLIMBS
DMSi Software announces the acquisition of eLIMBS, an Ohio provider of inventory management software solutions for hardwood logging, sawmill and lumber processing facilities. DMSi specializes in inventory management software for dealers and distributors of building materials including millwork, drywall, contractor yards, and lumber. They provide a full range of software solutions for the hardwoods industry […]
Northwest Hardwoods Successfully Completes Financial Restructuring Process, Positioned for Long-Term Growth
On January 29, 2021, Northwest Hardwoods, Inc. and certain of its affiliates (collectively, “NWH” or the “Company”) announced that it had completed its financial restructuring process and emerged from Chapter 11. Through restructuring, NWH has substantially reduced its long-term debt obligations by nearly $270m and significantly reduced its debt service obligations. Consequently, the Company holds […]
Foundation Building Materials Closes Transaction with American Securities
Foundation Building Materials, Inc. (“FBM” or the “Company”), one of the largest specialty building product distributors of wallboard, suspended ceiling systems, metal framing, and complementary and other products in North America, and American Securities LLC, a leading U.S. private equity firm, announced today the closing of American Securities’ acquisition of FBM. “Under private ownership, FBM […]
Weyerhaeuser Reports Fourth Quarter, Full Year Results
Weyerhaeuser Company (the “company”) reported fourth quarter net earnings of $292 million, or 39 cents per diluted share, on net sales of $2.1 billion. This compares with a net loss of $14 million, or two cents per diluted share, on net sales of $1.5 billion for the same period last year and net earnings of $283 […]