Slipform

A building material supplier investment group headed by former ProBuild president Paul Hylbert announced its official formation and will invest in dealers with $10 million to $100 million in sales. More

Azek agreed to a strategic alliance with Vast Enterprises, a building materials research and manufacturing company, which make Vast products available to Azek customers. More

The hurdles facing the pro channels are well documented. While prices have driven many contractors to the big box stores, many have remained loyal. Pro dealers would be wise to follow some of the practices of the airline industry as a way to get back many former customers. More

Owens Corning's building materials segment suffered losses across the board as both earnings before interest and taxes (EBIT) and net sales fell during the first quarter. More

An ever more aggressive attitude toward late payments helped LBM dealers limit the increase in average accounts receivable to just one day this year from 2009, results from a just-completed ProSales survey indicate. The poll also found, however, that dealers are experiencing similarly tougher tactics from their banks in the form of shrunken credit lines and increased demands for collateral. More

The eight branches Beacon Roofing Supply added since June 2009 helped it record a 2.3% sales increase in its fiscal third quarter ended June 30, but lower gross margins cause its net income to slip to $16.3 million from a year-earlier $17.3 million, More

Seven regional building material trade associations have formed the Building Products Retailers Alliance. More

Building Materials Holding Corp. reported today it incurred a net loss of $8.6 million in September, its best showing since entering Chapter 11 bankruptcy protection in June. But sales and the gross margin fell. More

Legislation that would make it easier for unions to organize worksites suffered another body blow when Sen. Blanche Lincoln, D-Ark., said she will oppose the Employee Free Choice Act in its current form. More