Content about Acquisition

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.

April 2, 2014

Central Garden & Pet Company has purchased certain assets of Envincio LLC, a wholly owned subsidiary of SantoLubes LLC.

The purchase includes established brands, EPA registration assets, inventory and trade receivables.

“This acquisition will enable Central to be a key supplier and product innovator in the growing natural insecticides product market, often characterized as EPA-exempt products, as well as expanding offerings in traditional pesticides,” said Frank Jusich, SVP Professional Brands.

April 1, 2014

A subsidiary of Universal Forest Products has purchased a 50% ownership interest in Upshur Forest Products, which owns sawmill operations in Gilmer, Texas.

According to a statement released by UFPI Monday, the acquisition will help expand the company's footprint in East Texas and western Louisiana, supplying raw material to nearby UFPI affiliates and to new industrial operations that will be established at one of the mill locations.

March 26, 2014

Installed Building Products, Inc., a Columbus, Ohio-based installer of insulation products, has completed its acquisition of U.S. Insulation Corp.

“We are pleased to announce the addition of U.S. Insulation Corp. to the IBP team as we continue to expand our national platform,” stated Jeff Edwards, chairman and CEO of IBP. “The addition of these two established branch locations deepens our presence in the New York Tri-State region and we expect these locations to contribute positively to our overall operations immediately.”

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.

March 18, 2014

A subsidiary of Grand Rapids, Mich.-based Universal Forest Products acquired Container Systems, a manufacturer of crates and containers for industrial applications and the moving-and-storage industry, located in Franklinton, N.C. 

CSI produces a full line of moving and storage crates, specialized crates for niche markets and integrated packaging solutions, and is a wholesale cut-to-size panel and lumber supplier to the area’s industrial customers. Sales in 2013 were about $3 million. 

March 13, 2014

West Palm Beach, Fla.-based GeoGlobal Partners, a leading North American provider of innovative water gardening brands, has been acquired by The OASE Group headquartered in Hörstel, Germany.

The transaction has been closed with immediate effect and the terms were not disclosed.

GeoGlobal brands include Gardenique, pond boss, smartpond and TotalPond.

March 4, 2014

On the heels of a financially sound 2013, Jarden Corporation has re-ordered and expanded its executive management structure in order to align the company with its current scale.

February 26, 2014

Masonite has wrapped up its acquisition of Door-Stop International Limited, a major U.K. distributor of composite exterior residential doors.

The $50 million transaction was for 100% of Door-Stop's outstanding shares. Door-Stop's revenue came in at over $38 million in 2013.

February 20, 2014

Ace Hardware Corp. announced today that it has acquired Emery-Waterhouse, the Portland, Maine-based distributor of hardlines products for independent lumber, paint, industrial and hardware outlets. 

“The acquisition of Emery-Waterhouse serves as a tremendous catalyst to leverage wholesale purchasing power,” said John Venhuizen, president and CEO, Ace Hardware. “We are confident that both Ace retailers and Emery-Waterhouse customers will benefit from the additional scale and expanded assortments.”

February 17, 2014

Portland, Ore.-based Patrick Lumber's board of directors elected Dave Halsey to succeed Jim Rodway as president.

The specialty lumber remanufacturer, distributor and exporter Patrick Lumber, which will celebrate its 100th anniversary in January, announced the change Friday.

January 27, 2014

Cranbury, N.J.-based HBC Home & Hardware Products, the home products distributor formerly known as Howard Berger Co., has acquired the assets of Faucet Queen.

Faucet Queen’s Helping Hand brand of convenience-oriented home hardware is the market leader in serving the food and drug retail trade, the company said. The Faucet Queen business will continue to operate out of the current Vernon Hills, Ill., facility. 

January 27, 2014

The Lumber Dealers Association of Connecticut honored their 2013 Lumber Person of the Year, Robert A. Kelly, at their 2013 Annual Banquet in November.

Kelly says it was a Wall Street Journal ad, promoting a lumberyard for sale, that first inspired him to join the industry and leave his government job during the Watergate era.

"Immediately, I had a vision of a horse-drawn wagon delivering rough-hewn beams to the docks and thought, 'That's for me,'" he told the LDAC.

January 23, 2014

RPM International's Rust-Oleum Group has acquired Citadel Restoration and Repair, a St. Paul, Minn.-based floor coatings business.

"Citadel has an outstanding technology platform that we believe can be rapidly expanded in the marketplace by utilizing Rust-Oleum's marketing and distribution expertise," stated Frank C. Sullivan, RPM chairman and CEO. "Patrick Ilfrey, majority owner of Citadel, will continue to lead the Citadel business as part of the Rust-Oleum Group."

January 22, 2014

LG Electronics USA has expanded its LG Excellence Contractor Program, which helps independent HVAC contractors sell, install and service its residential HVAC products.

January 22, 2014

In a joint venture with private equity firm GTIS Partners, Toll Brothers has announced its plans to acquire Sienna South, the last major undeveloped parcel of Houston master-planned community Sienna Plantation.

January 20, 2014

A price index of lumber and panels used in actual construction for Jan. 17, 2014

January 14, 2014

The biggest name on the Web is carving out a small sliver of the home improvement space.

Mountain View, Calif.-based Google agreed to pay $3.2 billion in cash for Nest Labs, which makes high-end thermostats and smoke alarms.

Since its launch in 2011, the Nest Learning Thermostat has received strong reviews in various outlets, and so has the company’s new Protect smoke and carbon monoxide alarm. The new alarm uses a recorded human voice to indicate low battery and other signals, as opposed to annoying beeps.

January 10, 2014

Boise Cascade Company has appointed Karen Gowland to its board of directors, effective immediately. 

"I am delighted that Karen is joining our board. She brings a unique mix of skills given her knowledge of our company and experience in the industry, and understanding of securities laws and corporate governance," said chairman Duane McDougall.

January 8, 2014

The Home and Garden division of Spectrum Brands Holdings has announced its acquisition of The Liquid Fence Company, a producer of consumer animal repellents.

January 7, 2014

Oak Brook, Ill.-based Ace Hardware appointed a new chief for Westlake Ace Hardware, the 85-store Midwestern chain.

Tom Knox, 59, was named president and CEO of Westlake, which is owned by the co-op -- and which is also the co-op's largest member. Knox wil be leaving his role as VP retail business development, training and supply at Ace's corporate offices and take on his new role in Lenexa, Kan.

January 3, 2014

In Jefferson, Wis., a local mainstay is shutting its doors after 55 years. Though it wasn't suffering any extreme hardships, Punzel Hardware has announced its plans to close early this year after owner Jeff Punzel got a more lucrative job offer that will free up time for him to spend with his family, the Wisconsin Daily Union reported.

December 20, 2013

Denver-based Kodiak Building Partners expanded its footprint in the gypsum distribution market with the acquisition of Jones-Heartz Drywall Supply, also of Denver. 

Jones-Heartz Drywall Supply's team of 57 people will remain in place, with Greg Lyon leading the combined drywall operations of Jones-Heartz and Great West Drywall Supply, acquired by Kodiak in 2012. 

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