Do your homework, slow down your pitch, and have a conversation. More
Jackson Lumber & Millwork named a new executive team in conjunction with the retirement of longtime president and CEO Al Torrisi. Sons Mark Torrisi and Jay Torrisi will serve as president and CEO/treasurer, respectively, while nephew Joseph Torrisi will become executive vice president. More
The LBM industry is filled with multi-generational companies looking to carry on the family name. No two transitions are the same, but all benefit from planning. More
ENAP Inc.'s board of directors has made permanent Stephen Sallah's job president and chief executive officer of the New Windsor, N.Y.-based co-op. Sallah became acting CEO in January following the retirement of Russ Kennedy. More
Saint-Gobain, the French building material giant, named John Crowe as president and CEO of Saint-Gobain Corp., its North American holding company, and CertainTeed Corp., Saint-Gobain's North American subsidiary. Crowe will take over the position on Sept. 1, following the retirement of Peter Dachowski. More
The investment firm seeking to buy and take private BlueLinx announced today it has extended by another week its offer to buy the 45% of outstanding shares it doesn't already own. Cerberus said it did so to give a special panel of the BlueLinx board more time to talk with it regarding the offer. More
BlueLinx Holdings Inc. has named its three independent board members to a special committee that will examine the offer by a Cerberus Capital Management unit to buy the 45% of BlueLinx that it doesn't already own, the distributor announced. More
Building Materials Holding Corp. took a huge step toward emerging from Chapter 11 bankruptcy-law protection when a federal judge approved the company's reorganization plan and gave the green light for it to make two deals that could reap $23 million in tax refunds for America's sixth-biggest LBM operation. BMHC also aims to sell an Arizona property that could net it a tax refund near $1 million. The company says it plans to leave Chapter 11 status on Jan. 4. More
Building Materials Holding Corp., galvanized by the opportunity to reap more than $73 million in tax refunds, pushed its request for judicial permission to shed two subsidiaries while it revealed a new financing plan that would enable it to emerge reorganized from Chapter 11 bankruptcy-law protection. More
A federal bankruptcy judge gave Building Materials Holding Corp., the nation's sixth-biggest LBM dealer, a three-month extension of its exclusive rights to offer a reorganization plan and solicit approval for that plan to exit from Chapter 11 bankruptcy-law protection. More
