SRS Acquisition opened a new location in Raleigh, N.C., under the Superior Distribution name, the company announced. It marks the company's 71st location and its second greenfield location opening over the past week. More
Mead Lumber Co., the 25th-biggest LBM operation on the ProSales 100, continued its growth this year by purchasing Dakota Craft Inc.'s Cheyenne, Wyo.-based Truss Craft division. More
Carter Lumber views its acquisition of the Hall & House dealership's assets from US LBM as a way to boost its stake in the Indianapolis market as well as continue its investment in major Midwestern cities, Carter's chief operating officer says. More
Masco Corp.'s net sales and operating profit for its North American operations were nearly unchanged in the third quarter from the year-earlier period, but strong international business (and a slightly devalued dollar) helped the company return to the black. More
Joseph Todd, who led one of the three divisions at the recently reorganized ProBuild, left the company as of last Friday, a spokesperson for the LBM giant confirmed. Todd's move follows by just a few months the departures of former president and CEO Bill Myrick and operations president Jim Cavanaugh. More
ProBuild will close its two remaining Chicago-area facilities and exit the market by Dec. 31. The move comes just over a year after ProBuild shut two other facilities in the area in the wake of a seven-week-long Teamsters strike. More
Housing economists are like weather forecasters: The more locally they focus, the more likely their predictions will be wrong. More
One of the great things about construction supply companies is that they're private, relatively small businesses, but that also means it's devilishly hard to get a sense of how they're doing financially. More
It makes for great soap opera to say that ProBuild's plans to set up three lumberyards in the heart of 84 Lumber's territory lies stems from some desire by ProBuild president and CEO Bill Myrick to strike out at the company he left after a 25-year career working for Joe Hardy and Maggie Hardy Magerko. But there's another reason: Pittsburgh is a good market. More
