See how the building materials distributor plans to considerably grow beyond its current footprint of 310 nationwide facilities this year.
Latest In Building Materials/Construction
Kirby-Smith will sell, service and rent Thompson Pump products in Oklahoma and Texas as part of the deal.
Dave Rush had served as interim CEO since mid-November and is a 23-year company veteran.
The acquisition is expected to close in the first quarter of 2023.
Started in a vacant basement, 84 Lumber has expanded to become the United States' largest privately-owned building materials distributor.
The Pennslyvania-based independent distributor of specialty building materials will wind down operations over the next few months, ending operations on March 31. It will impact 130 employees across five locations.
Masonite and Endura have been partners for more than 25 years in the door industry.
The project could create nearly 200 new jobs, according to the state Department of Economic and Community Development.
Beacon announced the acquisitions of Whitney Building Products and First Coastal Exteriors a day apart.
November's seasonally adjusted annual rate of $1.8075 trillion was 0.2% above the revised October rate.
GMS marked the beginning of its expansion into the New York City with the acquisition of Brooklyn-based fastener distributor Tanner Bolt & Nut.
Simpson announced its executive staff following the appointment of president and CEO Michael Olosky earlier this year.
Bill Christensen joined Jeld-Wen in April as executive vice president.
Construction input prices fell 0.9% in November but remain 40% ahead of February 2020 pre-pandemic levels.
June Yang, who leads the Cloud AI and Industry Solutions unit at Google Cloud, has been appointed to the SRS board.
Builders FirstSource Executive Vice President Dave Rush has been appointed interim CEO while a search for a permanent successor is conducted.
The new US LBM facility will focus on roofing and siding, the company said in its announcement.
The distributor has also enacted a handful of other cost-cutting actions as homebuilding has soured throughout 2022.
The distributor has added Atlanta-based Georgia Truss and Fayetteville-based Comtech.
The construction industry had 422,000 job openings in September, according to an Associated Builders and Contractors’ analysis.
