QXO increases pressure on Beacon's board of directors as the takeover deadline nears, offering a 37% premium; Beacon remains opposed, but with no competing bids, shareholders may decide the company's future.
Beacon's board submitted a unanimous recommendation to its shareholders to reject QXO's offer to acquire all outstanding shares at $124.25 per share in cash.
Georgia-Pacific named David Neal EVP of building products, succeeding Andy Konieczka in March. Neal, a 27-year company veteran, led major growth in gypsum.
BITEC, Inc. will debut its Imperflex SA2 two-square self-adhered base sheet at IRE 2025, expanding its SBS-modified system to meet contractor demand for larger coverage.
The Raymond Corporation selected Purdue University's research on logistics flexibility for funding through its University Research Program, which has invested $5M in 19 projects since 2016.
Asphalt roofing shipments dipped in Q4 2024, continuing a seasonal trend, but the year saw record highs in several categories, including the strongest year for U.S. shingle shipments since 2017 despite growing interest in roofing materials like metal.