Everybody understands supply and demand and that pricing generally goes up with real demand. However, what the oriented strand board (OSB) associated mills have done to this fragile market is almost sinister. More
In a move that combines the Nos. 5 and 16 companies on the More
Stock Building Supply Holdings sold its commercial door and hardware division to the Cook & Boardman Group, in part so it can concentrate more on the residential market. More
Carter Lumber will open a lumberyard and manufacturing facility in Franklin, Ind., south of Indianapolis, taking over a facility that Stock Building Supply left last year. More
Stock Building Supply Holdings LLC will buy the assets of Arkansas' National Home Centers, which is now under protection from creditors under Chapter 11 of federal bankruptcy laws. More
Builders FirstSource has completed its common stock rights offering and debt exchange for its outstanding Second Priority Senior Secured Floating Rate Notes due 2012. The exchange raised $180.1 million of new equity capital in the rights offering, which provided stockholders the opportunity to purchase common stock at a price of $3.50 per share, according to a statement issued by Builders FirstSource. More
Builders FirstSource has amended terms of support and investment agreements with the investment groups that collectively hold almost half of all BFS shares and much of the building material dealer's debt,. The altered agreements make it possible to execute a debt exchange that minority stockholders have criticized but that BFS executives have said is needed to help the company recapitalize. More
Stock Building Supply is making plans to operate in a housing market next year that's about as dour as it is today, the building material dealer's chief financial officer said. Jim Major made those comments during a group interview by senior Stock executives that also touched on the reasons behind Stock's plans to consolidate two eastern Pennsylvania fabrication plants into a third facility as well as on the company's operational changes since it emerged from Chapter 11 on July 1. More
The Stanley Works will merge with Black and Decker to create Stanley Black and... More
Builders FirstSource revealed that it lost 8% of its market share during the third quarter 2009 due to an "extremely competitive pricing environment," according to company CEO Floyd Sherman. The Dallas-based dealer pointed to a battle with competitors who have slashed prices as a partial catalyst for BFS's sales fall-off during the quarter. More
