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Advanced composite building materials manufacturer, Eva-Last Americas is proud to announce the appointment of several distinguished industry professionals to key leadership positions within the organization. Under the visionary guidance of CEO and founder Marc Minne, and with the expertise of composites champion Bill Ross as Senior Vice President of Sales, the company is primed for substantial growth and expansion in the United States and Canada.
Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials
Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced they have entered into a definitive agreement under which Owens Corning will acquire all outstanding shares of Masonite for $133.00 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024 and an approximate 46% premium to Masonite’s 20-day volume-weighted average price. The implied transaction value is approximately $3.9 billion, implying a purchase multiple of approximately 8.6x 2023E adjusted EBITDA2 or 6.8x when including synergies of $125 million.
The North American Deck and Railing Association (NADRA), is dedicated to recognizing and promoting excellence in the outdoor living and decking industry. As part of this commitment, NADRA holds an annual awards presentation and celebration to honor exceptional professionals and their outstanding projects in the outdoor living industry.
New Castle Steel, Inc. is pleased to announce that they have formed a strategic dealer partnership with AdvantageLumber.com, a global leader in wood decking, lumber, prefinished flooring, and other luxury building materials. This partnership will make New Castle Steel deck framing products more readily available online and nationwide via Advantage Lumber’s website and four warehouses located throughout the United States. Advantage Lumber will ship New Castle Steel orders directly to customers’ homes or job sites, with many orders qualifying for free shipping. Advantage will ship the steel deck frames either by itself or along with surface decking, railing, and other luxury building products.
Digger Specialties Inc. (DSI), the leading manufacturer of aluminum railing in North America is launching an extensive contractor rewards program effective February 1, 2024. Developed for deck builders and remodelers, Westbury Pro Rewards provides cash rewards, marketing support, job leads and other benefits for professionals who purchase Westbury aluminum railing systems.
Superior Plastic Products, Inc., a New Holland, PA based manufacturer of vinyl fencing and railing, has announced strategic changes for 2024. Effective January 1, the company has begun doing business under the name Superior Outdoor Products.
Wolf Home Products®, an innovator and leader in the building products industry, today announced that they are expanding their distribution reach to service the building product dealers in Michigan, effective immediately.
Perma-Column deck posts are one of the most innovative deck-building products of 2023, a panel of expert judges determined at the International Pool | Spa | Patio Expo™, co-located with Deck Expo. The quickest way to build deck foundations, Perma-Column precast concrete deck posts eliminate the hassles of mixing and pouring concrete on the job site. The ICC-ES-certified deck posts enable and empower builders to build decks faster, sell more decks, and make more money.
Learn why one builder loves PWT Treated® LVL -- the revolutionary new framing product with a 25-year warranty against damage from decay, rot and insects.