Kalesnikoff announces new mass timber projects at three Canadian educational institutions: Bayview Elementary in Vancouver, British Columbia, Humber College in Toronto, Ontario and the University of Victoria in British Columbia.
US LBM, a leading distributor of specialty building materials in the United States, has announced the opening of a new Hines Supply roofing and siding location in West Chicago.
Quanex Building Products announced the promotion of John Sleva to President of its North American Cabinet Components Division (NACC) based in Minnesota. Sleva most recently served as Vice President of Sales and Interim President of NACC, which includes the company’s Woodcraft Industries business unit.
Wooden multi-storey apartment buildings in Linnanfältti, close to the centre of Turku, Finland are being built with Metsä Wood's Kerto® LVL-based elements. A residential building constructed from wooden elements can rise in less than half the time compared to a similar kind of concrete building. With Metsä Wood’s Kerto...
The latest North American housing market data indicates no stop to relentlessly rising softwood lumber prices any time soon. Currently, sawmills in Canada and the US simply can not keep up with ongoing very strong demand for house construction in both countries.
The California Building Standards Commission grouped the tall wood code change proposals into one agenda item and passed them unanimously. The commission agreed that early adoption of mass timber will have many benefits for the state. California will codify and publish the tall wood code provisions into the 2019 CBC in...
US LBM announced that Universal Supply has opened a new roofing and siding location in Newark, New Jersey. The location is US LBM's seventh new roofing and siding focused greenfield since 2018.
BlueLinx Holdings Inc. has completed a sale-leaseback transaction for its owned distribution facility in Denver, Colorado, for net cash proceeds of $10.6 million. The transaction closed on August 14, 2020, and as a part of the transaction, the сompany entered into a lease agreement for the property with multiple renewa...
Softwood lumber prices just kept climbing last week as Canadian housing starts and home prices for July broke records. US housing starts this week were no different; new home building in the US increased +23% in July - the biggest gain since October 2016 - to a seasonally adjusted annual rate of 1.496 million units.
Trex Company's consolidated net sales for 2Q 2020 were $221 million, 7% ahead of the comparable period in 2019. Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019.
The AZEK® Company Inc. appoints Brian Spaly, Executive Chairman of Tecovas, to its Board of Directors.
Composite Technology International (CTI) has announced that Todd Stemler has been named CFO replacing Rande Willison, who previously held this role with the company. This role will be managed from their Sacramento headquarters.
US LBM Holdings, LLC has acquired Maner Builders Supply, a multifaceted building products dealer that operates locations in Augusta, Georgia and Aiken and Charleston, South Carolina. With this acquisition, US LBM now operates 22 locations across the Carolinas and in Georgia.
Builders FirstSource's 2Q 2020 net sales were $1.9 billion, a 2.2% increase compared to a year ago. 2Q 2020 net income was $78.9 million, or $0.67 per diluted share, compared to $66.6 million, or $0.57 per diluted share, in the same period a year ago.
Trex Company, Inc. appoints Laura Rygielski Preston as president of Trex Commercial Products, Inc. Rygielski Preston takes over management of the company’s commercially focused subsidiary, which includes two Minneapolis-based businesses – Trex Commercial Products, a national leader in architectural railing systems, and...
Goodfellow Inc. reported 2Q 2020 net income of $3.4 million or $0.40 per share compared to a net income of $1.9 million or $0.22 per share a year ago. Consolidated sales were $103.8 million compared to $123.7 million last year.
UFP Industries, Inc. (UFPI) announced record net earnings of $66.5 million for the 2Q 2020, as well as record EPS of $1.08 per diluted share, a 23% increase over the same period of 2019.
Atlas Engineered Products has completed the acquisition of selected assets of Trusstem Industries Inc., marking a major milestone in AEP's plans for expansion into the Lower Mainland region of British Columbia, Canada.
The selected assets will be purchased at a price of $350,000, payable in cash, with 50% of the purchase price to be paid on closing and the remaining 50% payable in equal monthly installments over 3 years.
Nominations now open for the 2021 U.S. Wood Design Awards. The deadline for nominations is September 30, 2020.