Pat Shaw and Mike Nutile ready to expand company’s reach with high-quality building products.
Tag: lumber
Union Grove Lumber Welcomes Creason as Outside Sales Representative
He brings over 20 years of experience in sales and customer relationship management and has history within the shed industry.
Lumber Prices Above Average
2020 is off to a strong start with builder confidence at a decade’s-high level. Building on strong mill order files and historically favorable lumber prices in Southern Pine and studs, the market has a much better outlook than a year ago. January and March lumber futures trade at a premium[Read More…]
Universal Forest Products Reorganizes, Gets New Name
Universal Forest Products, a publicly traded entity, announced that as of January 2, 2020, it is conducting business as UFP Industries. The Michigan-based company announced a reorganization plan in August 2019, and the name change is the final step in that process. “We are not just a forest products or[Read More…]
McGrath Lumber, Capital Forest Merge
McGrath Lumber is expanding its manufacturing and distribution presence in New England, the Mid-Atlantic region and beyond, by merging with Capital Forest. According to McGrath Lumber owner Paul McGrath, the deal for Capital Forest to purchase McGrath Lumber was finalized December 2, 2019. Capital Forest, a lumber distribution company, had[Read More…]
Staying Ahead of the Market
A robust lumber market this fall season combined with lower production from Western sawmills elevated price levels and extended ship times. Buyers’ persistent low inventories coincided with strong demand for many lumber products. The low inventory scenario continues to have the potential for adding volatility to the lumber market this[Read More…]
Staying Ahead of the Lumber Market
Lumber inventories at the wholesale, retail, and manufacturing levels remained flat during the July-August period. Buyers continued their pattern of buying just what they need and expected prompt deliveries. This low inventory scenario has the potential for adding volatility to the lumber market going into the third quarter of this[Read More…]
Weyerhaeuser to Sell Michigan Timberlands
Weyerhaeuser Company, one of the world’s largest private owner of timberlands, reports it has reached an agreement to sell its 555,000 acres of Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, a timberland investment management organization, for $300 million in cash. The company expects to recognize[Read More…]
UFPI Announces Structure Change to Promote Growth
Universal Forest Products Inc. recently announced a new organizational structure that is designed to position the company for accelerated sales and profit growth in the coming years and provide more opportunity for its employees. As of January 1, 2020, the company will be known as UFP Industries Inc. The company[Read More…]
Staying Ahead of the Market in 2019
A look back at lumber prices in June reminded all participants of the volatility seen last year. In spite of recent gains, prices ended the month way below last year’s levels. The current volatility was driven by production curtailments and the convergence of better weather and seasonal demand. The supply[Read More…]
