Marvin’s CEO Paul Marvin announced that more than $12.5 million in profits would be shared among 7,062 employees across all Marvin locations this year. 

High mortgage rates, elevated construction costs running well above the inflation rate and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022.

WEST PALM BEACH, Fla. – Renowned economist Dr. Chris Kuehl, whose expertise is rivaled only by his sense of humor, will present the opening keynote address at the Closets and Wood Pro Conferences.

Synthomer Plc, a supplier of acrylic and vinyl emulsions polymers , has agreed to sell laminates, films, and coated fabrics businesses to Surteco North America, Inc. for a total enterprise value of around $255 million or 208 million pounds.

Garnica, the producer of sustainable plywood made using farm-grown poplar from Spain and France, believes that the North American market for its product will continue to grow, and to prepare for this expected demand the company “recognized that a permanent fixture in the US market was key to maintaining their growth.” 

THOROLD, Ontario -- CHAR Technologies Thorold Inc. will receive $4.9 million from the Canadian government to help develop a woody-biomass-to-renewable-energy facility. 

International Wood Products (IWP) signed a distribution agreement at five Western locations with Allura, an industry leader in fiber cement siding products, to distribute IWP’s building materials. The coverage area will include Oregon, Washington, Northern & Central California, Northern Idaho, Western Montana, Hawaii, & Alaska.

KI announced an inaugural classroom furniture giveaway for K-12 teachers. Three winners will each be awarded $40,000-worth of KI furniture of their choosing to receive the classroom makeover.