Content about Acquisition

August 14, 2014

Wisconsin-based Briggs & Stratton Corporation will be acquiring light tower company Allmand Bros. within the month, the company announced Thursday.

The projected cost of purchasing the Nebraska-based company is $62 million, though the number may change. Allmand Brothers brings in $80 million in sales every year from its light towers, arrow boards and industrial heating products.

August 11, 2014

Kodiak Building Partners purchased substantially all the assets of AO, Inc., a Dallas based fabricator and distributor of doors, frames and hardware to commercial contractors for the office build-out market.

The move brings Denver, Colorado-based Kodiak deeper into Texas, and follows acquisitions of Gulf & Basco and Factory Builder Stores. 

August 7, 2014

Dallas-based Builders FirstSource purchased Truss Rite, marking the company's third acquisition of the summer.

August 4, 2014

Armstrong World Industries (AWI) jumped 8.85% on Friday after hedge fund ValueAct Capital bought a 16.8% stake in the company.

August 4, 2014

Bethany, Connecticut-based Laticrete International has acquired HP Spartacote, a Colorado-based supplier of resinous floor coatings.

The move is aimed at expanding Laticrete's position in the decorative flooring and coatings market -- though the company is a manufacturer of building industry products at large.

Laticrete also recently acquired L&M Construction Chemicals and DuPont Surface Care Business.

August 1, 2014

Dallas-based Builders FirstSource has purchased West Orange Lumber Company. The deal closed on July 31, 2014. West Orange was represented by The JIAN Group of Fredericksburg, Virginia.

Groveland, Florida-based West Orange supplies lumber, roof and floor trusses, custom windows and doors, as well as installation services, to residential home builders and commercial contractors in the Central Florida region. Sales were about $15 million for fiscal 2013. 

August 1, 2014

After a slow first quarter, Fortune Brands and Home Security saw a second-quarter 10% year-over-year sales bump. The company also announced that it had acquired Sentry Safe for $117.5 million.

In the second quarter, Fortune Brands reported $1.4 billion in sales, and $136.6 million in operating income before charges and gains — a $20.1 million increase over the second quarter of 2013. The total company’s pre-gains operating income grew by 28%.

July 31, 2014

Kris Matula and Mack Hogans are the newest addition to Boise Cascade's board of directors, the company announced Wednesday. The two join the board as longtime member Samuel Mencoff resigns.

Matula is the retired president and CEO of cellulose-based product manufacturer Buckeye Technologies, which Georgia-Pacific acquired in 2013. Before his time at the head of the company, Matula served as Buckeye’s CFO. He’ll serve on Boise Cascade’s compensation committee.

July 25, 2014

Builders FirstSource achieved its highest sales level since 2006 as it swung to a profit in the second quarter ended June 30.

The Dallas-based pro dealer reported sales of $426.5 million, up 7.1% from the same quarter last year. Net income was $10.6 million, compared to a net loss of $48 million in the first quarter last year.

July 21, 2014

Newell Rubbermaid is paying $308 million for Ignite Holdings, a manufacturer of reusable water bottles and travel mugs under the Contigo and Avex brands.

Ignite Holdings is currently under North Castle Partners, a private equity firm with a focus in healthy living products. The company has exhibited a track record of growth, with a historical four year sales CAGR of 35%.

July 18, 2014

Portland, Maine-based Emery-Waterhouse, the hardlines distributor acquired by Ace Hardware Corp. in February, announced the new hire of Charles Chibante as VP of Sales.

Chibante comes to Emery-Waterhouse bringing over 20 years of experience in retail, operations, marketing and leadership, including 13 years with Wal-Mart in various leadership positions, as well as eight years as a partner in a family owned and operated construction company.  

July 10, 2014

Ace Hardware affiliate Klinker's Lumber & Building Supply of Waverly City, Ohio, was recognized by the state's House of Representatives for opening a new paint studio in May.

The store's paint studio — essentially a remodeled and rethought version of its paint section — now sells Valspar paints, including their Aspire and Professional line of paints, in addition to the Ace line of paint. The paint studio will also allow employees to mix custom paint colors to match customers' color palettes.

July 2, 2014

Continuing its trajectory of recent expansion, PPG Industries announced that its North American architectural coatings business has acquired Pittsburgh-based Masterwork Paint Company.

Masterwork is an independent architectural paint distributor with 13 stores throughout Western Pennsylvania, Ohio and New York.

July 1, 2014

Dallas, Texas-based Builders FirstSource completed its acquisition of Houston-based Slone Lumber Company.

June 17, 2014

The North American window, door and commercial ventilation market has gained a new fabricated screen heavyweight.

Building industry investment firm Seven Point Equity Partners, LLC acquired Elizabethville, Pennsylvania-based The RiteScreen Company, LLC from JT Walker Industries, Inc., to create what it says is the market's largest standalone supplier of screens.

June 6, 2014

PPG Industries' North American architectural coatings business is acquiring The Homax Group, Inc., a supplier of decorative wall and ceiling texture repair products part of the Olympus Partners portfolio.

Beyond aerosol drywall and ceiling texturing applications, Homax also supplies epoxy finishes, patching, caulking and mesh tape repair products, and other painting tools and accessories.

June 2, 2014

The Central Network Retail Group, or CNRG, has acquired Parkrose Hardware. In doing so, the collection of hardware store and lumberyard retail brands expands West for the first time, with locations in Portland, Oregon, and Vancouver, Washington.

CRNG's footprint expands to 45 locations, including the Parkrose acquisition.

"Parkrose is our first step out West and will serve as a foundation for our growth in the Pacific Northwest," said Jimmy R. Smith, chairman of CNRG.

May 22, 2014

Hoffman Estates, Illinois-based Sears Holdings chairman and CEO Edward Lampert beat the drum of “transformation,” as the retailer posted another quarter of declines in consolidated sales and earnings.

The good news: Online and multichannel sales grew 26% over the same quarter last year. And Sears Domestic comp-store sales grew 0.2%.

May 12, 2014

D.R. Horton has announced its $210 million acquisition of the homebuilding operations of Crown Communities, a major builder based in Atlanta with a geographic footprint spanning Georgia, South Carolina and eastern Alabama.

April 29, 2014

Ferguson, the largest wholesale plumbing distributor in the U.S., acquired Factory Direct Appliances.

Factory Direct Appliance is a seven-location appliance dealer with five showrooms in Kansas City, Mo., and two outlying locations in Des Moines, Iowa, and Omaha, Neb. 

The deal marks the second big acquisition of the year for Ferguson, which acquired Karl’s Appliance in February. Karl’s operates six showrooms in northern New Jersey. 

April 29, 2014

Ariens is recalling its Sno-Tek Snow Throwers and All-Season Power Brushes due to amputation and laceration risks associated with the machines.

According to the Consumer Product Safety Commission, a drive pulley has displayed a tendency to crack while in use, which causes the auger/impeller or brush to continue to rotate after the clutch is disengaged.

The recall affects approximately 5,700 units, though no incidents or injuries have been reported.

Affected models include Ariens and Sno-Tek brand snow throwers and Ariens and Graveley brand power brushes.

April 9, 2014

Denver-based Kodiak Building Partners has agreed to purchase the assets of Factory Builder Stores, a large independent specialty distributor of appliances and cabinets based in Houston.

April 7, 2014

After announcing its plans last December to do away with yet another one of its assets, Sears Holdings officially completed its spinoff of the Lands' End unit on Friday. 

As according to plan, Lands' End began trading as a separate company Monday (stock ticker symbol LE), with about 32 million shares to its name. Those holding Sears shares as of March 24, 2014 received about .3 shares of common Lands' End stock per Sears share.

April 4, 2014

Nest Labs, the makers of the Nest Protect fire alarm and smoke detector, say the high-tech, home-of-the-future-type product could get confused, causing safety problems for homeowners.

The company, which was purchased by Google for $3.2 billion earlier this year, is suspending sales of the product until the problem is solved.

In a letter to customers, Nest explained that under the wrong conditions the alarm could interpret certain movements as the signal to stop emitting alarm sounds.

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