Business

DowDupont, formed through the merger of chemical giants Dow Chemical and DuPont, is shifting some operations in the three units it plans to create, in a bid to avert a prolonged fight with activist investors over its post-merger plan.

Global spray foam insulation manufacturer, Icynene has formally announced the appointment of Mark Sarvary as President and CEO. Sarvary will continue to be Icynene Chairman of the Board and takes over from Howard Deck who stepped down from the role of CEO.

CanWel Building Materials Group Ltd., of Vancouver, British Columbia, has announced it will purchase Honsador Building Products, Hawaii’s largest pressure-treated wood supplier, for $80 million in cash.

BMC Stock Holdings plans to open a new 30-acre, 187,000-square foot manufacturing and warehouse facility by Oct. 31 in Woodland, California, to meet the increased market demands in Northern California.

The Justice Department Sept. 5 asked a federal appeals court to dismiss the DOJ’s appeal in the ongoing battle over a stalled Obama overtime rule that was expected to make some 4 million workers newly eligible for time-and-a-half pay.

Of the 132 petrochemical sites located along the Houston Ship Channel, including refineries and speciality chemical facilities, at least one-third and up to half are offline.

BASF Corporation announced it will donate $500,000 to aid with disaster relief across Texas in the aftermath of Hurricane Harvey.  Funds will be distributed to local non-profit organizations assisting in the relief and rebuilding efforts. 

Installed Building Products, Inc., an industry-leading installer of insulation and complementary building products, announced today the acquisition of Red Rock Insulation

Beacon Roofing Supply Inc., a massive distributor of roofing and building supplies based in Herndon, has reached a $2.6 billion deal to purchase the U.S. distribution business of global building materials juggernaut CRH plc.

Amy Schmidt, advocacy manager with Dow Building & Construction, has joined with the International Code Council, Target Corporation and other key stakeholders in an appointment to the ANCR Board of Directors.