Content about Merger

October 9, 2014

The annonced merger of ENAP and Progressive Affiliated Lumbermen has plenty of support from each group’s lumberyard leadership. What the merger lacks currently is a name.

LBM buying cooperatives PAL and ENAP signed a non-binding Letter of Intent to merge. The companies enjoy strong dealer support in the Midwest and East markets, respectively.

March 20, 2014

Tempur Sealy International, Inc. has announced the retirement of Sealy Corporation president and CEO Lawrence Rogers, effective April 5.

Rogers will join the company's board of directors, however, on March 27, comprising the board's 11th member.

September 11, 2013

In a combined transaction, building products manufacturer and distributor Patrick Industries, Inc. has completed the acquisition of both Frontline Mfg., Inc. and Premier Concepts, Inc. for a combined net purchase price of $8 million.

The transaction includes the acquisition of accounts receivable, inventory, prepaid expenses, tooling, machinery, equipment and vehicles. The deal was funded by the company's $80 million revolving secured senior credit facility.

September 3, 2013

Cemex has reached an agreement to acquire some of Holcim's assets for 70 million euros, a move aimed at strengthening the building materials company's footprint in Europe.

“When finalized, this will be an important strategic step that should allow Cemex to improve its footprint in Europe, and it will consolidate our portfolio in the continent,” said Lorenzo H. Zambrano, Chairman and CEO of Cemex.

Specifically, Cemex is set to acquire all of Holcim's assets in the Czech Republic, including a cement plant, four aggregates quarries and 17 ready-mix plants.

October 29, 2012

Home Depot and U.S. Home Systems have announced the completion of the merger of USHS with an indirect wholly owned subsidiary of Home Depot. The merger was approved by the stockholders of USHS at a special meeting held on Oct. 26. As a result, USHS became an indirect wholly owned subsidiary of Home Depot.

Irving, Texas-based USHS is currently an exclusive provider of kitchen and bath refacing products and services, as well as closet and garage organizational systems to Home Depot.

June 4, 2012

Building Material Distributors (BMD), a wholesale distributor of specialty building materials, on Monday announced its acquisition of Master Fasteners International and Fastener Source.

BMD will be merging Fastener Source and Master Fasteners under the single name of Master Fasteners International, and will operate the company as a wholly owned subsidiary of BMD. The acquisition of Master Fasteners, an importer and wholesaler of fine wire and pneumatic fasteners, will allow BMD to expand on their previously established market position within the fastener industry.

June 1, 2012

Offer exclusive products, make the most of your retail brands online and accentuate the positives of your store touch points.

February 27, 2012

Sears quietly added all nine of its Great Indoors stores to the list of store closings on Feb. 23.

Store managers were informed on Thursday, a Sears spokeswoman confirmed, but no exact date has been given for the closings.  

The upscale remodeling and home décor stores began opening in 1998, long before the Sears and Kmart merger. At one point, Sears operated 20 of the units, but they were never a big moneymaker for the company. 

November 3, 2011

Oklahoma City-based building products distributor Cedar Creek and Wholesale Wood Products of Dothan, Ala., ended merger discussions, Cedar Creek announced Thursday.

"Despite everyone's best efforts, we were not able to get to a mutually acceptable agreement with Wholesale Wood Products," said Bill Adams, CEO of Cedar Creek. 

WWP's Chuck Harris said the discussions ended on the best of terms. 

July 14, 2011

Kevin Peters, a former Home Depot executive, has been named president, North America of Office Depot. This new position combines North American Retail (NAR) and North American Business Solutions (BSD) divisions. He will be responsible for all customer-facing sales channels (retail, contract, direct and e-commerce) and P&L in North America.

May 18, 2011

Apax Partners completed the previously announced acquisitions of Epicor Software Corp. and Activant Solutions Inc. 

Apax intends to combine Activant with Epicor to create one of the largest global providers of enterprise applications focused on the manufacturing, distribution, retail and services sectors. The combined company is now called Epicor Software Corp. The new Epicor has more than 33,000 customers in over 150 countries and more than $800 million in annual revenues. 

April 27, 2011

New Britain, Conn.-based Stanley Black & Decker posted first quarter sales of $2.381 billion, up 89% from the year ago period -- thanks largely to the incremental sales achieved through Black & Decker.

The company, which marked its one -year anniversary of the Stanley and Black & Decker merger last month -- the companies merged March 12, 2010 -- said 71% of the sales increase was from Black & Decker, other acquisitions made up 9%, unit volume resulted in 7% growth, and currency rates added 2%. 

March 7, 2011

The idea of a nationwide chain of green building material outlets has been dreamed about by many eco-minded business people and investors. But it’s never gotten past the one-off stage, where successful green retailers push past their local markets with a successful model that can work in multiple cities across the country. Until now. 


The merger of Ecohaus and Green Depot, announced on Feb. 7, is a West-meets-East event that unites three of the pioneers in the green-building movement. Four, if you count Greenmaker in Chicago, which Green Depot purchased in 2008.


October 31, 2010

New Britain, Conn.-based tool giant Stanley Black & Decker says its corporate integration is moving...

October 19, 2010

The New Britain, Conn.-based tool giant says its corporate integration is moving ahead faster than...

June 11, 2008

Tex Gunning, a Dutch citizen, is former CEO and chairman of the board for Vedior,...

March 2, 2008

Restoration Hardware said the Sears offer came with “significant uncertainties” as its reason for favoring...

February 19, 2008

Washington, D.C. -- The National Lumber and Building Material Dealers Association and the ProDealer Conference...

February 10, 2008

Ace Hardware announced last month that an investigation by outside agencies has determined the company’s...

February 10, 2008

Alvin M. Rickel, founder of Rickel Home Centers, died Jan. 15 at the age of 90....

November 26, 2007

Restoration Hardware earlier announced a deal with private equity firm Catterton Partners....

November 11, 2007

The specialty retailer, hurt by strong competition in the home decor market, will be purchased...

July 24, 2007

Housewares maker Salton said the merger agreement could be terminated if not completed by July 31....