After 22 years of service, Gary Nackers, Do it Best vice president of lumber and building materials, will retire in June. He will be replaced by Russ Kathrein, an industry veteran who most recently served as LBM business development manager …
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US LBM to Be Acquired by Bain Capital
Building materials distributor US LBM has signed an agreement for Bain Capital Private Equity to acquire a majority stake in the company. US LBM will continue to operate under president and CEO L.T. Gibson and the current management team. Financial …
Read More »2021 WRLA Showcase Changes Format
The Western Retail Lumber Association‘s (WRLA) Building & Hardware Showcase in-person event has been canceled due to the ongoing COVID-19 pandemic. However, a virtual event hosted on the association’s app and inside the Yardstick publication has been planned, event organizers …
Read More »Headlines for Canadian Retailers: June 22
Hardlines is keeping Canadian retailers informed on the ways COVID-19 is impacting their home improvement stores. Check back each week for an update on the latest headlines affecting home improvement retail in Canada. LBM Well-Positioned to Rebuild Economy A recent economic …
Read More »How Mans Lumber Found Silver Linings in Trying Times
To reach 120 years of service, Mans Lumber and Millwork president Doug Mans says you have to be able to adapt to changing circumstances, even if it means making difficult decisions in moments of crisis. The family business began as …
Read More »Rising Home Construction Rates Boost Lumber Prices
Builders are constructing more houses now than at any time before last decade’s foreclosure crisis, and the increased construction activity is resulting in higher lumber prices, reports The Wall Street Journal. Since last June, lumber futures have risen more than …
Read More »Lumber Distributor Spahn & Rose Acquires Building Materials Store
Spahn & Rose Lumber Co., a lumber distributor based in Dubuque, Iowa, has reached an agreement to purchase Moeller & Walter, a full-service building design and materials store in Reinbeck, Iowa. Spahn & Rose will acquire Moeller & Walter’s real …
Read More »Lowe’s Announces Financial Results for Q2 2019
Big-box home improvement chain Lowe’s has announced its second-quarter 2019 financial results. In total, the company reported net earnings of $1.7 billion in the second quarter. This figure represents an 8 percent decrease over its second-quarter 2018 earnings of $1.86 …
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