Westlake Ace Hardware announced that it will open a new store at 157 Chatham Down Drive in Chapel Hill, N.C. Located in the Chatham Crossing Shopping Center, construction will begin in early January, with an opening planned for mid-March 2021. The 16,800 sq. ft. store will sell traditional hardware products such as fasteners, tools, plumbing […]
UFP Industries Announces Agreement to Acquire PalletOne, Further Expanding Industrial Packaging Capabilities in the U.S.
UFP Industries (“UFP”) announced that its board of directors approved an agreement for UFP Industrial, LLC, to purchase 100 percent of the equity of PalletOne, Inc. (“PalletOne”) for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne’s recent capital expenditures. The transaction is subject to […]
Jeffrey Snider Named Manager of Cleburne McCoy’s Building Supply
McCoy’s Building Supply (“McCoy’s”) is proud to announce the appointment of Jeffrey Snider as store manager of its Cleburne, TX, location at 3208 North Main. Snider joined McCoy’s in 2014 working on the sales floor and as a delivery driver before enrolling in the company’s Management Development Program. He went on to serve as assistant […]
Freddie Mac: Mortgage Rates Remain Flat in December 10th Report
Freddie Mac released the results of its Primary Mortgage Market Survey (“PMMS”), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 2.71 percent. “Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage spreads – the difference between mortgage […]
Tractor Supply Names Noni Ellison Senior Vice President, General Counsel and Corporate Secretary
Tractor Supply Company (“Tractor Supply” or the “Company”), the largest rural lifestyle retail chain in the United States, announced that Noni Ellison has been named Senior Vice President, General Counsel and Corporate Secretary and will join the Company’s Executive Committee, effective January 11, 2021. Ellison will report directly to Hal Lawton, President and CEO of […]
Hooker Furniture Corporation Reports Robust Profitability in Third Quarter
Hooker Furniture Corporation (“Hooker” or the “Company”) reported consolidated net sales of $149.7 million and net income of $10 million, or $0.84 per diluted share, for its fiscal 2021 third quarter ended November 1, 2020. Consolidated net sales decreased by 5.4%, or $8.5 million, compared to the prior year period, while net income increased 157.5%, […]
Aaron’s Joins Fight For Affordable Housing In Atlanta
The Aaron’s Company, Inc. (“Aaron’s”), a leading omnichannel provider of lease-purchase solutions, announced a donation of $10,000 to the Westside Future Fund, an initiative that aligns the efforts of the public and private sector to provide affordable housing in one of Atlanta’s most impoverished communities. The donation comes amidst a new push by the Westside […]
Quanex Building Products Announces Fourth Quarter and Fiscal Year 2020 Results
Quanex Building Products Corporation (“Quanex” or the “Company”) announced its results for the three months and twelve months ended October 31, 2020. George Wilson, President and Chief Executive Officer, commented, “Our business performed extremely well in the fourth quarter as we continued to effectively navigate the complications and uncertainty of a COVID-19 world. Demand for […]
La-Z-Boy Announces Planned Retirement of General Counsel
La-Z-Boy Incorporated (“La-Z-Boy” or the “company”), a global leader in residential furniture, announced the planned retirement of Stephen Krull, Vice President, General Counsel and Secretary, effective August 31, 2021. Kurt L. Darrow, Chairman, President and Chief Executive Officer of La-Z-Boy Incorporated, said, “We have been fortunate to have an executive of Steve’s caliber on our […]
Hardwoods Distribution Announces Acquisition of Aura Hardwoods
Hardwoods Distribution Inc. (“HDI” or the “Company”) is pleased to announce that it has, through its subsidiary Hardwoods Specialty Products US LP (“Hardwoods”), purchased Aura Hardwoods. Aura operates six locations across Northern California: Modesto, Rancho Cordova, San Jose, San Luis Obispo, Fresno, and Santa Cruz. “As part of our overall strategic plan for California, we […]