H.B. Fuller took a transparent approach to a price hike by announcing it will implement an 11% surcharge on shipments of its products globally. The surcharge goes into effect on Wednesday. H.B Fuller (NYSE: FUL), St. Paul, MN, said the surcharge was driven by the “continued short supply and significant cost escalation of certain chemical […]
Category: Operations
Core & Main Completes Deal to Buy L & M Bag & Supply Co.
Core & Main LP, based in St. Louis, Missouri, announced on Monday that it has closed its previously announced deal to buy substantially all of the assets of L & M Bag & Supply Co. Inc. The deal, which was first announced in June, marked Core & Main’s 14th acquisition since becoming an independent company […]
Core & Main Completes Deal to Buy L & M Bag & Supply Co.
Core & Main LP, based in St. Louis, Missouri, announced on Monday that it has closed its previously announced deal to buy substantially all of the assets of L & M Bag & Supply Co. Inc. The deal, which was first announced in June, marked Core & Main’s 14th acquisition since becoming an independent company […]
SRS Agrees to Acquire Hawaiian Distributor
Building materials distributor SRS Distribution Inc., McKinney, Texas, on Monday announced it has agreed to acquire Aloha Roofing Supply, a Kapaa, Hawaii-based distributor of residential roofing, lumber, foundation and masonry, and other related products. Terms of the deal, which is expected to close Sept. 10, weren’t disclosed. Founded in 2014 by Randy Boyer, Aloha Roofing […]
Timken Shines in Fast-Growing Solar Energy Sector
The Timken Co. (NYSE: TKR), North Canton, Ohio, said Monday that its decision to enter into the solar energy industry in 2018 has paid off as its solar energy revenue is expected to grow at a double-digit rate over the next three-to -five years. Bearings manufacturer Timken entered the solar energy market with its acquisition […]
84 Lumber Makes the 2021 Inc. 5000 List
For the second time, Building materials distributor 84 Lumber has earned a spot on the 2021 Inc. 5000 list, which ranks the nation’s fastest-growing private companies. Based in Eighty Four, Pa., 84 Lumber was ranked 4,917 on the magazine’s annual list. The company was first named to the list in 2019. “Being named to the Inc. […]
SRS Acquires New York Distributor Weatherpanel
Building materials distributor SRS Distribution Inc., McKinney, Texas, announced it has acquired Weatherpanel Inc., a Buffalo, New York-based distributor of residential and commercial roofing, siding, windows and doors, and other related products. Financial terms of the deal weren’t disclosed. Weatherpanel was founded in 1948 and is currently run by Frank Vacanti and Maria Wrafter. Vacanti […]
Ace Hardware on Track to Open 170 Stores
Retailer-owned hardware cooperative Ace Hardware Corp., Oak Brook, Illinois, has opened 110 new stores in 2021 with plans to open at least 60 more by the end of the year. Globally, Ace has opened the doors on 900 stores in the past five years, while disbursing dividends of $293 million in 20220, which marked a […]
Jon-Don Acquires Dynamic Diamond Tooling
JanSan distributor Jon-Don, Roselle, Illinois, has acquired Dynamic Diamond Tooling, Orlando, Florida. Financial terms of the deal weren’t disclosed. Founded by Patrick Pollitt and Ron Yagur, Dynamic Diamond Tooling is a supplier of equipment, tooling, and chemicals for concrete surface prep and polishing. DDT offers a private-label line of concrete grinders, vacuums, and tooling made […]
Ace Hardware Announces Large Distribution Center in Central California
Retailer-owned hardware cooperative Ace Hardware Corp., Oak Brook, IL, announced it plans to build a gigantic distribution center in Visalia, California. The new retail support center will occupy more than 1-million-square feet and bring more than 400 jobs to the area. The new facility will augment the company’s Rocklin, California — in the greater Sacramento […]
