On March 7, 2019, the U.S. Department of Labor (DOL) released its latest notice of proposed rulemaking (NPRM) on overtime, which updates the salary threshold according to which workers are entitled to overtime compensation.
Metsä Wood has started test runs on the new 65,000-cubic-metre Kerto LVL line at the Punkaharju mill in Finland. The investment will increase the mill's production of Kerto LVL by about 50%.
San Diego-based offsite modular home builder Dvele raised $14 million in Series A funding, with a big push of support from real-estate investment company Crescent Real Estate LLC.
Conifex Timber Inc. has entered into a definitive purchase agreement with certain subsidiaries of Canwel Building Materials Group Ltd. for the sale of Lignum Forest Products LLP.
Atlas Engineered Products reports today it has paid the outstanding closing cash payment of $2.2 million related to its acquisition of South Central Building Systems Ltd. ("South Central").
Franklin Building Supply has announced it will soon begin construction on a new truss plant in Jerome, west of its existing facility.
While the latest indices suggest headwinds still abound for the housing industry, the near-term sentiment of those driving the market are still very positive.
Boise Cascade Company announced tit will acquire American Lumber Distributors and Brokers, a wholesale distributor of top quality lumber as well as plywood, oriented strand board, James Hardie Siding and engineered wood products.