Read and discuss: Another mega deal?
Investment firm Kelso & Company is reportedly in deep discussions with the owners of US LBM Holdings to acquire the fast-growing network of lumberyard businesses.
Various news reports had written as early as April about the possibility of a sale of the Green Bay, Wisconsin-based US LBM Holdings. US LBM continues to withhold comment on the possibility of a sale.
Sources cited by Reuters put the value of the deal at about $1 billion, including debt. [Read the Reuters article here.] By comparison, the mega deal announced by Builders FirstSource to acquire ProBuild and create the largest building materials distributor in the United States was described as a $1.63 billion deal.
[Click here to follow the significant growth of US LBM since its formation in late 2009.]
What are your thoughts on the possibility of the sale of US LBM? Join the discussion below.
A model home ‘Made in America’
Taylor Morrison is launching a new home-building concept in Houston this week.
The "Made in America" merchandised model home will boast an interior design that's almost entirely American-made, ranging from furniture to accessories and beyond.
Starting July 11, Houston-area visitors will be able to explore the model home and offerings from American artisans and craftsmen.
"Everything used to decorate the home will be American-made, from the wood and upholstery of the dining chairs to the rugs on the floor," said Jonathan White, president of Taylor Morrison's Houston division. "We worked with companies from Houston and around the nation to showcase all of the amazing American products available to today's home buyers."
These products include custom furniture, upholstery and fabrics, a specialty billiards table, custom-made rugs, carpets and cabinets, an indoor basketball hoop and more.
"I think the project is bringing to light the fact that, just by looking around a bit, American buyers can support American businesses and buy amazing products they can be proud to own," said Kim Heacock, VP and owner of International Billiards Inc., which is supplying the home's billiards table.
Other contributors to the project include Kravet Fabrics, Custom Furniture and Upholstery Manufacturing, JustinTymeSports, Heine's Custom Draperies, M&M Carpet Showroom, Custom Furniture and Cabinets, Robert Allen and Advanced Milling Concepts.
Assure paint comes to Lowe’s
PPG's Olympic Paint and Stain has launched a new line of interior and exterior paint-and-primer in one, which is now available exclusively on Lowe's shelves nationwide.
The Assure collection's primary claim to fame is an easy-flow application and enduring results.
“We understand that homeowners want and need a paint that is easy to use and that has beautiful, lasting results,” said Lia Gancas, senior manager for the Olympic brand. “Olympic Assure paint applies with ease and delivers a highly durable finish that stands up to the daily wear and tear that happens on the inside and outside of a busy home.”
Assure is also backed by the Good Housekeeping Seal, and it will replace the Olympic Icon brand over the next few months.
The paint retails for less than $20 per gallon and is available in a variety of sheens.