SBC Industry News
West Fraser to Acquire Rival Norbord for C$4B
Canada's West Fraser Timber Co said on Thursday it would buy smaller rival Norbord Inc for about C$4 billion ($3.05 billion) in stock, to expand into Europe and add new wood products.
SFPA Announces Free Southern Pine Summit
The Southern Forest Products Association (SFPA) has announced the SFPA Summit, a free virtual event to take place on December 8, 2020.
4Ward Solutions Group Welcomes John Garingalao
4Ward Solutions group of Stanwood, WA is pleased to announce the addition of John Garingalao to the 4Ward Offsite and Design teams.
84 Lumber Hires Marketing Firm to Help with Recruitment
BLD Marketing, an agency serving building materials manufacturers exclusively throughout North America and abroad, has partnered with 84 Lumber to help the company meet its escalating recruitment and hiring needs across the country.
Framer Uses Self-Erecting Crane to Install Components
US contractor Link Construction, based in Shakopee, Minnesota, cut the construction time of two new homes by three weeks by using one Potain Igo MA 21 self-erecting crane which could reach the entire jobsite.
Mead Lumber Appoints Dave Anderson as President & CEO
Dave Anderson to assume the position of President & CEO of Mead Lumber headquartered in Columbus, Nebraska.
US LBM Donates $75K to Homes for Wounded Veterans
The US LBM Foundation, a nonprofit organization founded by leading specialty building materials distributor US LBM, has donated more than $75,000 to veteran organizations this year in support of mortgage-free and specially adapted smart homes for injured veterans.
OSHA's New Face Mask Guidance While Working in Heat
During the COVID-19 pandemic, OSHA generally recommends that employers encourage workers to wear cloth face coverings at work to help reduce the spread of COVID-19.
Charts: Single-Family Starts Return to 2007 Levels in Sept.
Single-family starts experienced continued gains in October, according to data from the U.S. Department of Housing and Urban Development and the Census Bureau. Single-family construction is up 8.6% year-to-date, with notable gains in 2020 for the Midwest and other lower-density markets.
Home Depot Pays $8B to Reunite with HD Supply
The Home Depot, the world's largest home improvement retailer, today announced it has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets.
Simpson Develops Subfloor Screw for FRT Lumber
Simpson Strong-Tie, the leader in engineered structural connectors and building solutions, today introduced the Strong-Drive® WSVF subfloor screw approved for use with fire-retardant-treated lumber.
BFS-BMC Merger Deal Receives Federal Approval
Builders FirstSource and BMC reported that they have cleared preliminary government approval for a proposed super merger.
'Ask the Builder' Promotes Floor Trusses in Renovation Solution
Let’s discuss how these support posts or columns are installed in a typical home and then you’ll start to appreciate what’s involved in moving one.
Chart: Low Inventories Cause New Home Prices to Soar
Record-low mortgage rates were not enough to offset inventory shortages and rising home prices as housing affordability continued to decline in the third quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).
Nation’s Best Purchases Connolly’s Do it Best Hardware in Indiana
Nation’s Best, a rapidly growing home improvement company, announces their acquisition of Connolly’s Do it Best Hardware & Rental, with five locations in Fort Wayne, Indiana.
Canada’s CanWel Acquires Vickers Island Truss
CanWel Building Materials Group Ltd. today announced that through its Honsador Group of Companies (together with all subsidiary, affiliate or nominee entities) has acquired the truss design and manufacturing plant and related equipment and business, formerly owned by Vickers Island Truss, Ltd..
84 Lumber Reaches $4B Sales Record in 2020
84 Lumber has hit a corporate milestone and reached record sales of $4 billion for the first time in the pro dealer’s history.
Bain Capital Purchases Majority Stake in US LBM
US LBM, a leading distributor of specialty building materials in the United States, today announced the signing of a definitive agreement for Bain Capital Private Equity to acquire a majority stake in the company.
Video: A-1 Roof Trusses Focuses on Hiring Veterans
The U.S. Department of Labor reports the veteran unemployment rate stands at 5.9 percent, down from 6.8 percent last month.
MaterialsXchange Adds Dave Gaudreau to Their Team
MaterialsXchange (MX), the Chicago-based B2B E-commerce platform for lumber and wood products has expanded its sales team by adding industry veteran Dave Gaudreau to its organization.