Georgia-Pacific’s Brewton Containerboard mill recently announced its plans to invest $160 million to modernize its operations. The project involves upgrades to the facility’s pulp processing systems that will reduce energy and chemicals consumption, other environmental emissions, and allow for more paper production. “This is a significant investment for Brewton and will build upon the transformative […]
Weyerhaeuser, American Forests Partner to Bring Tree Equity Program to Smaller, More Rural Communities
Weyerhaeuser Company and American Forests, the nation’s oldest national nonprofit conservation organization, today announced a new partnership on an innovative initiative to expand American Forests’ Tree Equity program into smaller, more rural communities and provide environmental education focused on careers in urban and community forestry to hundreds of youth. The program aims to identify and […]
CoreLogic: US Annual Home Price Growth Slows to Half of Spring 2022 Peak in October
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2022. Year-over-year home price growth remained in double digits in October, at 10.1%, but continued to cool and was the lowest recorded since early 2021. Several factors are contributing to slowing appreciation: low inventory […]
Fortune Brands Outlines Go-Forward Strategies for Two World-Class Publicly Traded Companies at 2022 Investor Day
Fortune Brands Home & Security, Inc. (“Fortune Brands” or the “Company”), an industry-leading home and security products company, today will host an Investor Day in advance of its planned separation into two world-class companies, which is expected to occur on December 14, 2022. Shortly after the separation of MasterBrand, Inc. (NYSE: MBC or “MasterBrand”), Fortune […]
BlueLinx Deepens Leadership Team, Adding VPs of Talent, Finance
BlueLinx Holdings Inc., a leading U.S. wholesale distributor of building products, announces two key appointments – Dionne Vernon as VP, Talent Management and Gui Nebel as VP, Finance and Treasury. The hires support the company’s commitment to world-class financial management and career development to bolster growth and develop our talent. Vernon joined last month and […]
Ferguson plc Reports 2023 First Quarter Results
First Quarter Highlights Sales growth of 16.6% with 12.7% organic growth on top of strong prior year comparables. Solid gross margin delivery of 30.5%. Cost base well controlled, delivering operating margin of 10.5% (10.9% on an adjusted basis). Diluted earnings per share growth of 18.3% (18.0% on an adjusted basis). Declared quarterly dividend of $0.75, […]
Canfor Temporarily Curtailing Canadian Production Capacity
Canfor Corporation (“Canfor” or the “Company”) is announcing a temporary reduction in Canadian production due to very weak market conditions. The production will be reduced through curtailments at all solid wood facilities in B.C. and Alberta. This will remove approximately 150 million board feet in December and January. The curtailments will start to be implemented […]
Hardwoods Distribution Inc. Rebrands as ADENTRA
Hardwoods Distribution Inc. (“HDI”) announced the rebranding of the company to ADENTRA Inc. (“ADENTRA”) and launch of a new website: ADENTRAgroup.com. Deriving from the Spanish word “dentro” meaning “within,” ADENTRA represents the company’s modern identity as a distributor of architectural design products used to create beautiful spaces where we live, work and play. “This is […]
Woodgrain Selects Rocky Mount for $7.5 Million Expansion
Woodgrain, Inc., a building products company, will create 42 new jobs in Nash County, Governor Roy Cooper announced today. The company will invest $7.5 million to expand its door-hanging operation in Rocky Mount. “It’s great that Rocky Mount is Woodgrain’s top choice for its expansion,” said Governor Cooper. “This decision is indicative of the company’s […]
Ogden & Adams Acquiring Delhi Lumber
Ogden & Adams has entered into a purchase agreement to acquire Delhi Lumber based in Delhi, Iowa. The combination of these two companies results in our team growing to more than 30 people, multiple locations to better serve you and together, we are able to offer you a wider array of high quality products. Like […]