Carlisle Companies Incorporated announced that it has completed the previously announced purchase of the expanded polystyrene “EPS” insulation segment of PFB Holdco, Inc., a portfolio company of The Riverside Company, composed of the Plasti-Fab and Insulspan brands (collectively referred to as “Plasti-Fab”) for $259.5 million in cash. Plasti-Fab, headquartered in Calgary, Alberta, is a leading vertically […]
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 13, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
U.S. Census Bureau: Monthly New Residential Construction, November 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 November 2024: Building Permits Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,505,000. This is 6.1 percent above the revised October rate of 1,419,000, […]
Sonoco Completes Strategic Review, Announces Agreement to Sell Thermoformed and Flexibles Packaging (TFP) Business to TOPPAN Holdings Inc.
Sonoco Products Company (“Sonoco” or the “Company”), a global leader in high-value sustainable packaging, announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business (“TFP”) to TOPPAN Holdings Inc. (“Toppan”) for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments (the “Transaction”). The Transaction, which […]
Madison’s Reporter: Quiet Post-Holiday Week Brings Flat Lumber Prices
This post-US Thanksgiving week was a quiet one. Buyers retreated to the sidelines while sawmills sat on firm pricing with order files that took them clear through to 2025. In the week ending December 6, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$475 mfbm. This is up […]
1847 Holdings Completes Acquisition of Leading Cabinetry, Millwork & Door Manufacturer
Acquisition Adds $33.1 Million in Revenue and $10.4 Million in Net Income Transaction Highlights 1847’s Proven Business Model and Positions the Company for Sustained Profitability and Strong Cash Flow 1847 Holdings LLC (“1847 Holdings” or the “Company”), announced the successful closing of its acquisition of CMD Inc. (“CMD”), a Las Vegas-based cabinetry, millwork and door […]
CPKC Completes Construction of Second Span of International Rail Bridge
Patrick J. Ottensmeyer International Railway Bridge more than doubles CPKC capacity at the border Canadian Pacific Kansas City (CPKC) said it has completed construction of the new international railway bridge span over the Rio Grande from Laredo, Texas, to Nuevo Laredo, Tamaulipas. “Completion of this internationally important project more than doubles our capacity to move freight […]
PrimeSource Brands Acquires CityPost
Strategic acquisition further augments PrimeSource Brands’ outdoor living products portfolio PrimeSource Brands, a North American provider of specialty branded residential building products backed by Clearlake Capital Group, L.P. (“Clearlake”), announced that it has acquired CityPost, a provider of cable railing systems for decks, patios and lofts used in residential renovation applications. The transaction represents PrimeSource […]
Kodiak Building Partners Announces Key Promotions to Propel Growth and Operational Excellence
Kodiak Building Partners, a leading building materials distribution company, announced the promotions of Cliff Shimer to executive vice president (EVP) of business transformation and Mark Garboski to EVP of the Southeast region. These appointments reflect Kodiak’s commitment to cultivating leadership and driving sustainable growth as a leader in the building materials industry. As EVP of […]
White Cap Announces Acquisition of Site Supply, Inc.
White Cap, the leading distributor of specialty construction supplies and safety products for professional contractors, has acquired Site Supply, Inc., a distributor of construction materials specializing in stabilization, stormwater and erosion control, serving non-residential end markets. Site Supply has four locations across Ohio, Kentucky and Tennessee. Site Supply, Inc. is now part of the White Cap suite of brands, […]