Husqvarna Group's Construction Division has signed an agreement to acquire Blastrac, a leading provider of surface preparation technologies for the global construction and remediation industry. The parties aim at closing the acquisition by the end of 2020. The acquisition is subject to approval by relevant competition ...
Wooden Panels
For the three-month period ended September 30, 2020, consolidated revenues of CanWel Building Materials Group Ltd. increased by 26.5% to $472.2 million when compared to $373.2 million in the same period in 2019. For the nine-month period ended September 30, 2020, the company generated EBITDA and Adjusted EBITDA of $106...
Patrick Industries, Inc. has appointed Jake Petkovich as Executive Vice President of Finance, CFO, and Treasurer, effective immediately.
The Steico Group acquired a 16.5 hectare property in Gromadka, Poland, at the beginning of November 2020 for around Euro 1.2 million. The Group plans to build a further production facility for wood fiber insulating materials at this location. Construction is scheduled to begin in mid 2021. Production is scheduled to st...
CanWel Building Materials Group Ltd. announced that through its Honsador Group of Companies has acquired the truss design and manufacturing plant and related equipment and business, formerly owned by Vickers Island Truss, Ltd. (“Island Truss”).
Norbord shareholders will receive 0.675 of a West Fraser share for each Norbord share, which equates to C$49.35 (US$37.78) per Norbord common share, based on the closing price of West Fraser common shares on November 18, 2020. This represents a 13.6% premium to the closing price of Norbord’s shares on the TSX on Novemb...
L&W Supply Corporation has acquired the assets of Coastal Building Materials in Cape Coral, Florida. It is L&W Supply’s second location in the area and 14th in Florida.
Hardwoods Distribution Inc. announced financial results for the three and nine months ended September 30, 2020. For the 3Q 2020 HDI generated consolidated sales of $315.8 million, an increase of $23.4 million, or 8%, from $292.5 million in the same period in 2019.
Swiss Krono Group closed the financial year on September 30, 2020 with a gross turnover of Euro 1.7 billion (CHF 1.82 billion), bringing the figure to just approx. 4% below the 2018/19 financial year’s Euro 1.8 billion.
Aki Temmes has been appointed Senior Vice President, Business Control & Finance Operations at UPM as of January 1, 2021. He will be based in Helsinki reporting to Tapio Korpeinen, CFO, UPM.
The Governing Boards of the Timber Trade Federation (TTF) and the Timber Research and Development Association (TRADA) have announced the signing of a Memorandum of Understanding (MOU) to align the strategies and activities of each organisation with a view toward a merger of the two organisations.
84 Lumber has hit a record-breaking $4 billion in annual sales as of November this year. The company is also moving forward with plans to expand in 2021 to Northern California; Boise, Idaho; Detroit, Michigan; and more.
Organowood markets and delivers silicon-printed wood products. Bergs plant for pressure-treated wood Bitus outside Nybro has since Organowood launched its products 9 years ago, handled all production and distribution on behalf of the company. In order to be able to meet Organowood expansion, Bergs has invested in a new...
UFP Industries announced that affiliates of UFP Construction LLC acquired the assets of three companies: Atlantic Prefab, Inc.; Exterior Designs, LLC; and Patriot Building Systems, LLC. The operational leadership of the companies will remain unchanged.
US LBM announces the signing of a definitive agreement for Bain Capital Private Equity to acquire a majority stake in the company. US LBM will continue to operate under the leadership of President and CEO L.T. Gibson and the current management team. Financial terms of the private transaction were not disclosed.
Södra has launched Wood Solutions to expand cooperation with customers and enhance the way it helps them contribute to a climate-smart, simple and efficient construction industry. The new concept includes services, solutions, advice and support which are complementary to its sustainable sawn timber products and constru...
Atlas Engineered Products announces its financial and operating results for the 3Q ended September 30, 2020. Revenue was $9.7 million for the three months ended September 30, 2020 as compared to $7.9 million for the three months ended June 30, 2020. This expansion through 3Q 2020 represents a quarterly growth in revenu...
Ghana exports of wood products dropped by more than one-third (36%) in the first eight months of 2020, to 133,000 m3. Air-dried sawnwood accounted for about half (49%) of total exports, at 65,700 m3, but this was only slightly more than half the volume exported in the same period in 2019.
Resolute Forest Products Inc. reported net income for the 3Q ended September 30, 2020, of $57 million, or $0.66 per diluted share, compared to a net loss of $43 million, or $0.47 per share, in the same period in 2019. Sales were $730 million in the quarter, an increase of $25 million from the year-ago period.
Homann Holzwerkstoffe GmbH has expanded its management team, which was previously composed of Fritz Homann and Ernst Keider. Helmut Scheel, who has served as Managing Director of Homanit Holding GmbH since February 2019 and has since also been responsible for the Group’s financial operations, was officially appointed M...