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DAP goes big with DynaGrip Heavy Duty Max adhesive

The adhesive is easy-to-gun and can be applied to a wide range of surfaces.

BY HBSDEALER Staff

DAP’s DynaGrip Heavy Duty Max premium hybrid adhesive is now available in 28 oz. tubes in addition to the standard 9 oz. tube.

The product delivers five-times-faster bond strength than competitive polyurethane-based heavy-duty adhesives and the easy-to-gun, moisture-curing adhesive can be applied in a wide range of temperatures for heavier interior or exterior jobs.

DynaGrip Heavy Duty Max offers exceptional adhesion to porous and non-porous building materials, and is ideal for applications on wet surfaces, PVC, glass, marble, and metal. Recommended uses include subfloor, deck, structural paneling & drywall, mirror, marble, granite, tub surround installation, landscape block and masonry.

DAP offers a great range of easy-to-use, low odor adhesives that are sure to enhance a home building or repair strategy.

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Tesla pulls plug on Home Depot solar plan

Tesla will reduce its workforce by 9% while selling renewable energy products through its own stores.

BY HBSDEALER Staff

Tesla had big plans to sell its residential clean energy products at Home Depot. The plan called for about 800 of the retailer’s stores to carry renewable energy merchandise, including solar panels.

But that’s not the case anymore. In an email to employees, Tesla CEO Elon Musk revealed that his company is pulling out of its arrangement with Home Depot. Instead, Tesla will sell the products at its own store and online.

The move is conjunction with a 9% workforce reduction plan Tesla disclosed yesterday.

“In addition to this company-wide restructuring, we’ve decided not to renew our residential sales agreement with Home Depot in order to focus our efforts on selling solar power in Tesla stores and online. The majority of Tesla employees working at Home Depot will be offered the opportunity to move over to Tesla retail locations,” Musk told Tesla employees.

After the email was leaked to the media, Musk shared the entire memo via his Twitter feed.

“Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job functions that, while they made sense in the past, are difficulty to justify today,” Musk wrote.

Tesla bought SolarCity Corp., a national solar panel installer, in 2016 for $2 billion. SolarCity sold products through The Home Depot under its own brand, which was later folded into the Tesla banner.

In the past 15 years, Tesla has yet to turn an annual profit and has only posted two quarters of profits during that span.

This past February Tesla said it was setting up kiosks in 600 Home Depot stores with a total of 800 planned. The kiosks will now be removed by the end of the year, according to Tesla.

The Home Depot operates 2,200 locations in the United States.

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HBSDealer Stock Watch: Tuesday’s slight rebound

BY HBSDealer Staff
The majority of hardware and building supply stocks finished the day higher on Wall Street on Tuesday after an even split on Monday. Out of 30 stocks tracked, 20 finished in the green. The day’s biggest movers were HBP (down 3.36%), JELD (up 2.58%) and LL (up 3.68%).
Company Price Change
AWI (Armstrong) 64.80 +1.41%
BCC (Boise) 47.25 -1.77%
BECN (Beacon) 44.05 -1.94%
BLDR (Builders FS) 20.77 +2.32%
BMCH (BMC Stock) 21.75 +0.46%
BXC (BlueLinx) 44.07 -2.31%
CENT (Central Garden) 43.83 +0.37%
DE (Deere & Co.) 157.58 +0.57%
DOOR (Masonite) 71.15 +2.01%
EXP (Eagle) 111.95 +0.23%
FAST (Fastenal) 53.48 +1.21%
HBP (Huttig) 5.17 -3.36%
HD (Home Depot) 201.32 +0.84%
JELD (Jeld-Wen) 29.80 +2.58%
LL (Lumber Liquidators) 25.67 +3.68%
LOW (Lowe’s) 100.50 0.00%
LPX (Louisiana-Pacific) 30.40 +1.43%
MAS (Masco) 38.86 +0.39%
PPG (PPG) 103.53 -0.38%
SHW (Sherwin-Williams) 402.50 +1.00%
SMG (Scotts Miracle-Gro) 86.82 -0.03%
SSD (Simpson) 67.20 +0.31%
SWK (Stanley) 144.49 +0.05%
TREX (Trex) 127.37 -0.95%
TSCO (Tractor Supply) 75.78 -0.18%
TTC (Toro) 63.59 -0.22%
UFPI (Universal Forest) 39.21 +0.08%
USG (USG) 43.26 +0.50%
WDFC (WD-40) 147.15 +0.03%
WY (Weyerhaeuser) 38.36 +1.16%
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