Lugbill Supply Center has acquired Affiliated Lumber in Swanton as part of an aggressive growth strategy, expanding its operation to two locations in northwestern Ohio. This acquisition strengthens the commitment of both locally-owned businesses to providing high-quality lumber and building materials, home improvement products, and comprehensive services to their professional contractors and do-it-yourself customers. “I […]
Freddie Mac: Mortgage Rates Continue to Decrease
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.02 percent. “Mortgage rates decreased for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates. The decrease in rates, albeit […]
Hugues Simon to Succeed Mario Plourde as President and CEO of Cascades
Cascades Inc. announces the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde’s planned […]
GMS to Acquire Yvon Building Supply and Affiliates
Transaction to Expand GMS’s Service and Product Offerings in Ontario, Canada GMS Inc., a leading North American specialty building products distributor, announced that it has entered into an agreement to acquire Yvon Building Supply, Inc., Yvon Insulation Corporation, Yvon Insulation Windsor, Laminated Glass Technologies, Inc., and Right Fit Foam Insulation Ltd. (collectively “Yvon” or the […]
Tractor Supply’s Spring Paper Clover Campaign Raises Over $1.3 Million for 4-H Youth Nationwide
Funds raised during 19-day event will support access to hands-on training in health, science, agriculture and civic engagement for thousands of young people Tractor Supply Company, in partnership with National 4-H Council, announced its 2024 spring Paper Clover campaign raised over $1.3 million for 4-H youth nationwide, moving the fundraiser’s grand total significantly beyond the […]
Update on TCRC Collective Bargaining Negotiations
Canadian Pacific Kansas City (CPKC) published the following update on collective bargaining with the Teamsters Canada Rail Conference (TCRC): CPKC and the TCRC leadership will resume meeting on May 17, 2024 with the assistance of federal mediators in an effort to achieve new collective agreements for our Train and Engine (T&E) and Rail Traffic Controller (RCTC) […]
U.S. Census Bureau: Monthly New Residential Construction, April, 2024
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 2024: Building Permits Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,440,000. This is 3.0 percent below the revised March rate of 1,485,000 […]
The Watermill Group Invests in Musser Lumber Company
The Watermill Group, a strategy-driven private investment firm, is proud to announce it has completed an investment in Musser Lumber and its principal operating subsidiary, Musser Biomass and Wood Products (collectively, “Musser”), the mid-Atlantic region’s leading producer of premium dried hardwood fiber and associated converted products. “Musser is thrilled to partner with the Watermill Group on our next chapter […]
Weyerhaueser, Firefighter Behavioral Health Alliance Partner for Third Year to Provide Mental Health Resources for Wildland Firefighters
Fighting Fires Together campaign raises awareness and helps address mental health challenges of wildland firefighting Weyerhaeuser Company and Firefighter Behavioral Health Alliance (FBHA) announced the launch of Fighting Fires Together, a campaign designed to increase awareness around the importance of mental health support for wildland firefighters and their families. Now in its third year, the partnership between Weyerhaeuser and […]
Owens Corning Completes Acquisition of Masonite
Expands Owens Corning’s leadership position in branded residential products with a complementary line of innovative interior and exterior doors and door systems Creates a scalable new growth platform leveraging combined commercial, operational, and innovation capabilities Enhances Owens Corning’s attractive financial profile Generates strong free cash flow to support consistent capital allocation strategy Names Chris Ball […]