Readers Respond: Made in USA momentum
Last week’s poll question tackled the concept of pocketbook patriotism. Will the American consumer, in support of all things American,
HBSDealer asked the question, “How would you describe the current demand for Made in USA Products?” The answers should be received as welcome information to domestic manufacturers.
After 153 votes, the leading vote getter was “strengthening.” Here is the breakdown:
• Strengthening, 55.6%
• No change, 37.3%
• Weakening, 7.2%
The poll remains open, accessible on the right-hand side of the scree (or scroll down on mobile devices). Also, tell us here what are you seeing in the market that affects Made-in-USA products?
People would like USA made products but as soon as the price goes up for the same imported product they will complain and not purchase that item. I was a sales rep for 30 yrs and everyone says they want made in USA until they have to pay more. I represented companies that were imports and USA made and it all came down to cost.
Quikrete Industry Dashboard
The average price for a gallon of regular gasoline rose to $2.69 on April 13, up about 15 cents from the previous month. Other than that movement, the Quikrete Industry Dashboard experienced a quiet week. On Monday, the Census Bureau will release monthly sales figures for NAICS 444 and 44413. On Tuesday, residential construction statistics will be updated for March.
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Warren Buffet leaning toward USG acquisition
While USG’s board of directors has opposed a proposed acquisition by German building materials firm Knauf, the company’s largest shareholder appears to be favoring the move.
Warren Buffet and his Berkshire Hathaway company are planning to vote against four board nominees standing for election at USG’s upcoming annual shareholders meeting. And Buffet is USG’s largest shareholder with a 31% ownership of the Chicago building material manufacturer’s stock.
Last month Knauf proposed a $5.9 bid to buy USG with an offer of $42 per share. The company has since said that shareholders should vote against the board members standing for election in May.
Based in Iphofen, Germany, Knauf manufactures building materials and operates 220 factories worldwide. The company has invested heavily in USG since 2000 and is the company’s second-largest shareholder behind Buffet.
Shares of USG have reached their highest level in more than a year since talk of a acquisition began last month and hovered just below $41.
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