Owens Corning announced Tuesday that it completed its acquisition of Masonite International Corporation, a bellwether provider of interior and exterior doors and door systems, having acquired all outstanding Masonite common shares for $133.00 per share. The finalization, announced in a May 15 news release, has an implied transaction value of nearly $3.9 billion. “The addition…
The roofing industry has its group of “lifers” — roofers that started young, often in the family business, and despite the ups and downs of running a roofing enterprise, can’t imagine doing anything else professionally. Kevin Froeter could be their president. As he approaches five decades in the industry, the owner and president of Sterling…
In a 3-2 vote on April 23, the Federal Trade Commission approved of a new rule that will ban noncompete agreements for most workers in the United States, meaning they will be free to join competing business or start businesses of their own. According to the FTC, the rule will result in up to $194…
Changing a kitchen faucet is a fairly easy DIY that can have a huge impact on updating a space at a relatively low cost. When Becky received The Faucet Kit, she was eager to get started on swapping out her single-handle kitchen faucet for a new one. Since her new faucet has the same number…
This Publisher’s Note is difficult to put together. I usually come up with a message or two that I’d like to share with roofing contractors, develop an outline on important points I’d like to make, and follow that up with related research, anecdotes and ideas that will help drive my messages home. This one, I’m…
The creatives at the Department of Labor’s Occupational Safety and Health Administration are well aware that, as summer approaches, soaring temperatures are already causing concerns at workplaces nationwide, both outdoors and indoors. In an effort to foster engagement and allow employers, workers and other stakeholders to help each other address the dangers of heat hazards,…
Mycocycle, a nature-inspired, woman-owned biotechnology company that uses fungi to transform organic waste into reusable materials, announced an oversubscribed $3.6 million Seed extension. The funding brings Mycocycle to $7.3 million raised to date and follows the company’s announcement of a $2.2 million Seed round one year ago. In a news release, Mycocycle said it will…
NanoTech Materials, Inc., a provider of climate-resilient materials, announced on Monday that it had moved into a 42,545-square-foot facility in the greater Houston area; a ribbon-cutting ceremony was held on April 10. In an April 15 news release, the company said its expansion marks a “pivotal milestone” as it continues to experience strong customer demand…
S-5!, the Colorado-based metal roof solutions producer, announced on Monday that it hired Ricardo Barroso as director of research and development, adding new leadership to its Colorado Springs corporate office. As Director, Barroso is responsible for managing the product development, compliance and application engineering teams, ranging from implementing testing and product development procedures to deploying…
