Konraad Dullaert has been appointed Executive Vice President for Food and Consumer Packaging division and Chief Innovation Officer effective June 19, 2024. He continues as a member of the Executive Management Team. He succeeds Mark Ushpol, who will pursue his career outside Ahlstrom, as previously announced. Konraad joined Ahlstrom in 2023 as EVP for Science, […]
GreenFirst Announces $24 Million Financing for Kap Paper
GreenFirst Forest Products Inc. (“GreenFirst” or the “Company”) announces Kap Paper Inc. (“Kap Paper”), a wholly owned subsidiary of GreenFirst, has entered into a loan agreement with a third party establishing a non-revolving term loan facility of up to $24 million to support its paper mill operations in the town of Kapuskasing. The loan is […]
Hancock Lumber Welcomes Mark Smith as New General Manager in Damariscotta
Hancock Lumber is excited to welcome Mark Smith as the new General Manager of our Damariscotta location! He brings extensive experience in the lumber and building materials industry to his new role, including time spent in the retail and wholesale arenas in various capacities with Ring’s End, Seacoast Building Supply, Emery-Waterhouse, and most recently, Ware Butler. […]
LL Flooring Mails Letter to Shareholders Highlighting Thomas Sullivan’s Track Record of Value Destruction
LL Flooring Board Possesses Relevant Expertise and Skillsets Necessary to Oversee the Company’s Path Forward During Mr. Sullivan’s Time as Executive Chairman and Interim CEO, LL Flooring’s Share Price Declined Approximately 86% and Company Lost Approximately $3 Billion In Market Capitalization 1 Mr. Sullivan’s Nominees Risk Company Taking Significant Step Backwards LL Flooring Holdings, Inc. (“LL […]
Madison’s Reporter: Ongoing Soft Demand Brings Dip in Lumber Prices
Demand for North American lumber continued to meander at below seasonally-typical levels of business. Sales of panels were particularly powerless. In the week ending June 07, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$384 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous […]
Rugby Architectural Building Products Doubles Warehouse to Enhance Service for West Texas Customers
Expansion of Amarillo facility to improve efficiency and product availability Rugby Architectural Building Products is excited to announce a significant enhancement in service for its West Texas customers. The company is uniting its Lubbock customer service center with the newly expanded warehouse in Amarillo. This merger will be finalized by July 1 and promises improved […]
The Home Depot Completes Acquisition of SRS Distribution
The Home Depot®, the world’s largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. (“SRS”) for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March […]
White Cap Releases 2023 Sustainability Report
White Cap, the leading distributor of specialty construction supplies and safety products for professional contractors, released its third Sustainability Report to highlight current initiatives and progress made over the past year in support of its sustainability commitments. This 2023 Sustainability Report highlights White Cap’s efforts to reduce environmental impacts across its supply chain; provide a socially conscious workplace that […]
Simpson Manufacturing Co., Inc. Publishes Fiscal 2023 Corporate Social Responsibility Report
Simpson Manufacturing Co., Inc. (the “Company”), an industry leader in engineered structural connectors and building solutions, announced it has published its Fiscal 2023 Corporate Social Responsibility Report. Highlights of the Company’s continued commitment to social responsibility and environmentally sustainable business practices to its employees and stakeholders include: The report includes updated ESG-related metrics for the […]
The Aaron’s Company Enters into Definitive Agreement to Be Acquired by IQVentures
Transaction Represents 34.0% Premium to Aaron’s Closing Share Price on June 14 and 35.6% Premium to the 90-Day Volume Weighted Average Share Price The Aaron’s Company, Inc. (“The Aaron’s Company” or the “Company”) announced that it has entered into a definitive agreement to be acquired by IQVentures Holdings, LLC (“IQVentures”), a leading fintech organization, for $10.10 […]