WMA Association & Industry News – June 20, 2019
Thursday, June 20, 2019
MEMBER NEWS
Royal Building Products Acquires Davinci Roofscapes
Royal Building Products, a Westlake Chemical Corporation company, has completed its acquisition of composite roofing and siding manufacturer DaVinci Roofscapes. Read more at BusinessWire
Dyke Industries to Open 100,000-Square-Foot Wilson County Facility
Dyke Industries will open a new 100,000-square-foot warehouse in Wilson County that will employ about 40 workers. Read more at The Tennessean
Quanex’s Fenestration Sectors See Growth in Second Quarter
During a recent earnings call, officials from Quanex Building Products reported mostly increases across the board. Quanex chief finance officer and senior vice president of finance Brent Korb said an increase in net sales was largely due to strong revenue growth in the company’s European fenestration division. Read more at DWM
BlueLinx Announces Sale of Two Former Distribution Facilities for Approximately $12 Million to Further Real Estate Monetization and Debt Reduction Initiatives
Marietta, GA, June 18, 2019 (GLOBE NEWSWIRE) — BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed the sale of its former distribution facilities in Minneapolis, Minnesota, and Des Moines, Iowa, for an aggregate purchase price of approximately $12 million. Net proceeds from the transactions were used to repay indebtedness under the Company’s revolving credit facility.
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RSL Joins the Novatech Group
Harold Savard, President of Novatech Group and Ron Lewkowitz, President of RSL, are proud to announce that RSL has joined Novatech. RSL has been specializing in doorglass for over fifty-five years and has its corporate headquarters in New Jersey. Read more
INDUSTRY AND ECONOMIC NEWS
Homebuilder Confidence Weakens as Cost Concerns Mount
As cost and labor concerns continue to grow, new data […]