Lowe’s Expands Same-Day Delivery Service Nationwide for Pro and DIY Customers in Partnership with OneRail

Lowe’s Expands Same-Day Delivery Service Nationwide for Pro and DIY Customers in Partnership with OneRail

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*Official press release from Lowe’s MOORESVILLE, N.C., July 19, 2023 /PRNewswire/ — Lowe’s today announced it is expanding its same-day delivery service nationwide for orders placed on Lowes.com and the Lowe’s mobile app. In partnership with OneRail, a leading omnichannel fulfillment solution, this new delivery option will improve customers’ omnichannel experience, with fast and convenient delivery in…

JELD-WEN Completes Sale of Australasia Business to Platinum Equity

JELD-WEN Completes Sale of Australasia Business to Platinum Equity

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Jeld-Wen, a leading global manufacturer of building products, announced on April 17, 2023 that it had entered into a definitive sale agreement with Platinum Equity to sell 100% of its Australasia business for approximately $688 million Australian dollars (or approximately US$461 million). The transaction was completed on July 2, 2023. Jeld-Wen’s Australasia business includes manufacturing…

Material Prices Expected to Remain Flat for Second Half of 2023 – By Construction Dive

Material Prices Expected to Remain Flat for Second Half of 2023 – By Construction Dive

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Construction material prices are expected to remain high in Q3 and Q4 of 2023, due to ongoing supply chain disruptions and inflation. However, there are some signs that prices may start to decline in the coming months, as supply chains begin to normalize and inflation cools. For example, the price of lumber has fallen by…

Allegion Releases 2022 Annual Report

Allegion Releases 2022 Annual Report

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In 2022, Allegion delivered record total revenue, record adjusted operating income, and record adjusted earnings per share. The company’s strong performance was driven by continued demand for its security products and solutions, as well as the successful integration of its acquisitions. Allegion also made significant progress in its sustainability initiatives in 2022. The company reduced…

JELD-WEN Announces Sale of Australasia Business to Platinum Equity for $461M

JELD-WEN Announces Sale of Australasia Business to Platinum Equity for $461M

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JELD-WEN Holding, Inc., a leading global manufacturer of building products, announced on April 17, 2023 that it has completed the sale of its Australasia business to Platinum Equity, a global investment firm. The business, which includes 41 manufacturing locations across Australia, Malaysia and Indonesia and employs roughly 5,000 people. The sale price was not disclosed,…

Construction Loses Jobs for First Time in 14 Months – By ENR

Construction Loses Jobs for First Time in 14 Months – By ENR

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The construction industry lost 9,000 jobs in March, according to the U.S. Bureau of Labor Statistics. This marks the first time that the industry has lost jobs since January 2022. The losses were concentrated in the nonresidential specialty trade contractors category, which lost 13,900 jobs. The nonresidential building and heavy and civil engineering construction categories…

Dormakaba Organic Growth Above Mid-Term Target of 3% – 5% – By Reuters

Dormakaba Organic Growth Above Mid-Term Target of 3% – 5% – By Reuters

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Dormakaba is a global leader in access control and security solutions. The company provides a wide range of products and services, including electronic locks, door hardware, physical access systems, automatic doors, and secure access solutions for buildings, hotels, airports, and other public areas. Dormakaba’s products and solutions are used by customers in various industries, including…

Assa Abloy: Quality Comes With a Price – By The Investment Doctor

Assa Abloy: Quality Comes With a Price – By The Investment Doctor

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ASSA ABLOY is a global company that specializes in providing door opening solutions, including locks, access control systems, automatic doors, and other related products. The company was founded in 1994 and is headquartered in Stockholm, Sweden. Today, ASSA ABLOY operates in more than 70 countries and has over 48,000 employees worldwide. ASSA ABLOY’s brand portfolio…