Content about Business Relation

February 28, 2014

USG Corporation and Boral Limited have completed the 50/50 strategic joint venture they announced in October, which was delayed about a month over regulatory procedures.

February 13, 2014

The pending deal between Ainsworth Lumber and Louisiana-Pacific has been put off further by new timing agreements with the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice.

Ainsworth and LP have both agreed that they will not consummate the acquisition before March 13, giving federal regulators time to continue their reviews. As a result, the companies have extended the outside date for completion from March 4 to April 18.

February 4, 2014

Designers from Kohler Co. and Benjamin Moore have worked together to create Collaboration in Full Color, an array of tools and content that help customers visualize and choose styles. The collaboration then provides a list of materials to transform that vision into reality. 

December 3, 2013

Lowe's has teamed up with State Farm to help give consumers greater access to its proprietary cloud-based platform, Iris, a DIY safety and security home management system.

Specficially, State Farm will be offering its customers special promotions on the Iris Safe and Secure kit and the Iris Smart Home kit. Some qualifying customers will receive discounts on their home insurance as well.

Iris allows users to monitor and control smoke alarms, water sensors and more using a smart phone, PC or tablet. It also notifies users of possible water leaks or fires.

November 22, 2013

Valspar has agreed to provide its Aquaguard waterborne coating for Maersk Container Industry's shipping containers via a long-term supply agreement.

“Maersk is a global leader in container-industry sustainability, and we are privileged to partner with them on this innovative coatings solution,” said Roeland Polet, Valspar SVP, Global Industrial. “This is an important step, and we proudly put our 60-plus years of waterborne coatings expertise forward as a cost-effective, sustainable solution.”

November 4, 2013

Tri Pointe Homes, Inc. is merging with Weyerhaeuser Co.'s homebuilding business in a deal worth $2.7 billion, pending approval from Tri Pointe shareholders.

Weyerhaeuser Real Estate Co. will become a Tri Pointe subsidiary, with 80.5% ownership of the combined company to be distributed to Weyerhaeuser's shareholders. Pre-transaction Tri Pointe shareholders will own the remaining 19.5%.

The transaction doesn't include all Weyerhaeuser Real Estate assets, however; those remaining will be kept by Weyerhaeuser.

October 17, 2013

USG Corporation announced its 50/50 joint venture with Boral Limited, to be named USG Boral Building Products, as part of a strategic move to synergistically blend their branding, geographic impact and expertise in the burgeoning plasterboard market in Asia, Australasia and the Middle East.

The venture will include Boral's Gypsum division, which includes its plasterboard operations in Australia and Asia, as well as USG's Asian and Middle Eastern businesses. Additionally, USG will contribute exclusive access to its competitive products and technologies.

September 11, 2013

Georgia-Pacific and U.S. Lumber have announced they are entering a distribution agreement for engineered wood products (EWP).  
 
The agreement, effective Nov. 1, 2013, provides for U.S. Lumber to distribute Georgia-Pacific engineered lumber in Alabama, Arkansas, Kentucky, Mississippi, North Carolina, South Carolina, Virginia, the panhandle of Florida, Georgia, and Tennessee. Both companies are based in Atlanta.

August 14, 2013

Paint giant Valspar has every intention of profiting from its move to acquire the Ace Hardware private-label paint business, it just hasn't happened yet.

Valspar executives walked analysts through the plan during the company's third-quarter conference call. The analysts seemed highly interested in Valspar's seven-month-old relationship with Ace. 

July 12, 2013

Criminal convictions should have an expiration date and shouldn’t be considered indefinitely by employers, the Equal Employment Opportunity Commission (EEOC) indicated in a pair of lawsuits filed June 11, 2013.

Dollar General lawsuit

The EEOC also sued Dolgencorp, doing business as Dollar General, in Chicago. For 10 years Dollar General made certain types of convictions a disqualifying factor.

July 12, 2013

Indiana Lumbermens Mutual Insurance Company and Pennsylvania Lumbermens Mutual Insurance Company today announced that they have executed agreements to affiliate their respective companies.

June 6, 2013

Joplin, Mo.-based Tamko Building Products has teamed up with EagleView Technologies to offer a new aerial measurement tool to contractors enrolled in Tamko’s Pro Certified Contractor program. 

Contractors will now be able to offer professional and customized roof measurement reports to their customers. These reports use 3-D modeling to create measurements, as well as easy-to-read diagrams and summary tables 

May 28, 2013

Ace Hardware International Holdings has teamed up with Safi and Safi Enterprises to bring Ace stores to Afghanistan.

As a part of the development plan, Safi and Safi will open a minimum of 15 Ace Hardware stores in the next 10 years.

March 5, 2013

Reuters is reporting that industrial distribution giant HD Supply is preparing for an IPO.

Reuters is reporting that industrial distribution giant HD Supply is preparing for an initial public offering.

The San Diego-based industrial distribution company split from Home Depot about six years ago when private equity firms paid $8.5 billion for the company. Atlanta-based Home Depot kept a 12.5% stake in HD Supply. 

The same private equity investors -- Bain Capital, Carlyle Group and Clayton, Dubilier & Rice -- are at work selecting underwriters for the IPO deal, according to the report.

January 29, 2013

The Toro Co. has entered into an agreement with GreensPerfection to manufacture and market greensmower brushes developed by Rod Lingle, CGCS for Toro's lineup of Greensmaster walk and riding greensmowers.

The Toro Co. has entered into an agreement with GreensPerfection to manufacture and market greensmower brushes developed by Rod Lingle, CGCS for Toro's lineup of Greensmaster walk and riding greensmowers. Under the agreement, Toro is the only original equipment manufacturer (OEM) to offer Lingle's GreensPerfection brushes on its equipment.

January 2, 2013

Ace Hardware Corp.’s paint program is going through a major makeover with Valspar stepping up as a supplier and taking over the co-op’s paint manufacturing facilities. 

Ace and Valspar announced a long-term deal, under which Valspar will manufacture and supply Ace-branded paint products to Ace dealers. The companies also announced that Valspar has acquired Ace Hardware’s paint manufacturing assets, including two manufacturing facilities located near Chicago.

December 18, 2012

Technology provider to the residential construction community HomeSphere Inc. announced a partnership with Lebhar-Friedman’s soon-to-launch digital magazine Residential Building Products and Technology.

December 13, 2012

Less than a year after purchasing it in a hostile takeover, International Paper (IP) has agreed to sell its Temple-Inland Building Products division to Georgia-Pacific for $750 million in cash, subject to certain pre-and post-closing adjustments. The assets to be sold include16 manufacturing facilities: five solid wood mills, four particleboard plants, two medium-density fiberboard plants, one fiberboard plant and four gypsum wallboard plants. 

October 29, 2012

Sherwin-Williams and PPG Architectural Coatings, two of the industry’s leading paint manufacturers, have agreed to settle a Federal Trade Commission (FTC) charge that they misled consumers to believe that some of their paints are free of volatile organic compounds (VOCs).

October 22, 2012

Robert Bosch Power Tool Corp. and Simpson Strong-Tie Co. have signed an agreement to jointly pursue sales, marketing and product development opportunities in the concrete construction market, according to a joint announcement.

October 11, 2012

Eco Building Products (ECOB) has signed a binding Memorandum of Understanding with CorWorth, a Texas limited liability company and its affiliates, including Restroom Facilities and others. This formal agreement between ECOB and CorWorth represent an exclusive nationwide marketing and sales arrangement for a limited scope use, and provides a niche market use of ECOB's protected lumber, logo and product identity.

October 1, 2012

LG Electronics and Whirlpool Corp. have agreed to settle their respective patent infringement disputes related to refrigerators, ending years of litigation between the two companies. Three pending lawsuits will be dismissed in the U.S. District Courts in Delaware and New Jersey, according to the announcement. All other terms of the settlement are confidential.

August 10, 2012

True Value Co. has signed a long-term agreement with Alliance Data Systems Corp. to create and manage turnkey private label, co-brand and commercial credit card programs.

The co-brand credit card program is Alliance Data's first Discover card product to utilize the Discover network and its millions of merchant locations. All credit card accounts will be consistent with Alliance Data's traditional credit quality standards.

July 29, 2012

Epicor Software Corporation and True Value Co. announced the continuation of an agreement naming Epicor as True Value's recommended Epicor Eagle point-of-sale (POS) solution provider. 

This three-year agreement provides more of True Value's retailers the opportunity to benefit from Epicor solutions, according to the companies.

June 20, 2012

QEP Co, a worldwide manufacturer, marketer and distributor of hardwood flooring, flooring installation tools, adhesives and flooring-related products, signed a letter of intent to acquire Imperial Industries.

Pompano Beach, Fla.-based Imperial Industries, maker and distributor of exterior building products, said it received a line of credit up to $500,000 from QEP.