A group of unsecured creditors has objected to the next steps in Building Materials Holding Corp.'s reorganization plan under Chapter 11 of the federal bankruptcy code, according to a recent filing in U.S. Bankruptcy Court in Wilmington, Del. More
A federal bankruptcy judge freed Bison Building Materials from 11 property leases that it said had contributed to the financial problems that forced it to seek Chapter 11 bankruptcy protection. More
Nestled in northwest Connecticut's Berkshire Mountains, Washington Supply has always been surrounded by green. Three years ago, the dealer began returning the favor by deciding to become a regional leader in green building. Not long after that and nearly 3,000 miles way, executives at another dealer took similar action: Parr Lumber launched its GET REAL! program of environmentally friendly and sustainable products. More
BMHC revealed that it had received a $57 million federal tax refund for 2008. About 70% of the refund is being used to reduce borrowings from BMHC's credit agreement. More
While the state of the market is depressing, it's always uplifting to see... More
A longtime associate member of the Florida Building Materials Association told president Bill Tucker that he wouldn't be able to make his dues for the year. More
Scherer Brothers Lumber in Minnesota could be the poster child for pro dealers that find themselves in extreme survival mode. Housing starts in the Minneapolis-St. Paul metroplex have plummeted more than 80% from only a few years ago. That falloff necessitated a "disaster recovery plan," as COO Mark Scherer calls it, that included Scherer Brothers letting go of half of its staff and mothballing its yard in Albertville, Minn. More
The U.S. Green Building Council (USGBC) should go beyond expanding recognition of certified wood programs by adopting a new way to brand lumber that frees dealers of the constraints of chain-of-custody certification, the National Lumber and Building Material Dealers Association (NLBMDA) urges. More
