Business

Lowe's will close all Orchard Supply Hardware stores nationwide by Feb. 1, the company announced Wednesday. Orchard Supply Hardware, founded in 1931 in San Jose, California, and acquired by Lowe's in 2013, has 99 stores in California, Oregon and Florida.

OSHA, an agency of the U.S. Department of Labor, has proposed a rule that would eliminate the requirement that employers with 250 or more employees electronically report detailed information about their workers' injuries and illnesses, according to a July 30 notice in the Federal Register.

US LBM, a Buffalo Grove, Ill.-based lumber and material dealer, filed a financial report August 10th for the first six months of 2018. In it, they highlight the $13.1 million second quarter net profit compared to the previous year, as well as a 10.1% increase in revenue to $885 million.

Atlanta-based U.S. Lumber is set to acquire Alexandria Moulding, a Canadian-based company and one of the largest companies in North America providing molding and other products to LBM dealers.

Nine months after a fire destroyed Tolko’s Lakeview Division sawmill in Williams Lake the company said it hopes to resume full production by February 2019.

SOPREMA Inc., a leading manufacturer of roofing, waterproofing, wall protection and civil engineering waterproofing solutions, has announced the acquisition of DERBIGUM Americas Inc.—the U.S. division of DERBIGUM, a Belgian roofing solutions provider.

The U.S. Treasury on Wednesday proposed tax regulations for a new 20 percent income tax deduction for owners of businesses organized as pass-through entities, including rules to prevent the measure from becoming a tax loophole for wealthy Americans.

What makes Katerra’s approach different from other building material suppliers? One builder customer provides some perspective.

RISI, Inc., a leading information provider for the global forest products industry, announced today that its parent company, Euromoney Institutional Investor PLC, has acquired Random Lengths, a leading price reporting agency for the wood products industry. 

Builders FirstSource (BFS), the industry’s largest supplier of building products, saw a significant increase in net sales in the second quarter. However, like many others in this industry, they struggled to keep up with their costs an saw a dip in their overall gross margins.