February 2021 News

Dodge: Construction starts down to begin 2021
Strong warehouse and manufacturing activity not enough to offset wide-ranging weakness.

Wright Tool promotes Tom Futey to President
Futey started with Wright in 1993 and has excelled at key roles in the company ever since.

Fabcon acquires Oldcastle Infrastructure's Building Services Division
Deal expands Fabcon's geographic footprint and concrete product portfolio.

All America Threaded Products names new NSM
Al Bate joins AATP with 30 years of international fastener industry experience.

NCCER Announces 2021 Board of Trustees
Turner Industries' president Stephen Toups becomes 2021 board of trustees’ chairman.

Minnich Manufacturing adds Darragh Company to dealer network in Mid-South
Based in Little Rock, Arkansas, Darragh adds 11 branches to Minnich's dealership network.

U.S. new home sales increase 4.3 percent in January
Average selling price was $408,800.

Quikrete to acquire Forterra for $2.74 billion
Forterra is the largest producer of concrete drainage pipe and precast products by sales volume in the U.S.

Seaco offers POP rope displays for spring and summer
Displays feature paracord and derby rope in 50- and 100-foot hanks.

HD Q4 2020 sales rise 25 percent YOY
For the year, company sales grew 19.9 percent over 2019.

Vortex Technology Group acquires VeriCure brand
Popular name for curing monitoring system is well known to trenchless cured-in-place pipe contractors.

Wausau Supply opens three new DCs
New DCs expand company's presence in Montana, Ohio and Tennessee.

Case Studies: RIDGID products make a difference in Elyria City Schools building project
Local contractor relies on RIDGID to help crews maximize time on new Elyria School construction sites.

ACI issues 8th edition of Guide to Formwork for Concrete
Guide lists current standards and practices, new developments in formwork technology and includes 500 photos.

IRCG Weekly Pandemic Revenue Index returns to mid-single digits
Index reports a five percent increase for week YOY.

JLG and Oshkosh partner to develop battery technologies
Partnership with Microvast will advance development of new electric JLG products.

Industrial Magnetics acquires Walker Magnetics
Walker produces magnetic products for workholding, lifting, material handling, scrap magnets and separation applications.

Housing permits climb 10.4 percent in January
But starts slide 6.0 percent and completions slip 2.3 percent for month.

Simpson Strong-Tie releases 2021 Concrete Catalog
New edition has updated engineering and design tables, code listings and a quick guide to choosing anchoring products for corrosive environments.

Mike Marks and Electro Federation Canada offer Webinar on Supply Chain Resiliency
Webinar takes place Thursday, February 18 at 1:00 PM EST

PTI: Can the choice of a power tool’s battery affect contractor safety?
Power Tool Institute warns of failure, fire from third-party batteries.

Antidumping: Cast Iron Soil Pipe Institute responds to US CBP findings to antidumping and countervailing orders
U.S. CBP has found that two importers of cast iron soil pipe have been evading U.S. antidumping & countervailing orders.

Plaskolite wins 3M 2020 Supplier of the Year Award
Plaskolite manufactures thermoplastic sheet and specialty acrylic polymers.

WSJ: Lumber prices notch records on building, remodeling boom
Futures have surged over the past three weeks as the pandemic’s hottest commodity continues to be in high demand

Dodge: U.S. construction starts drop 4 percent in January

Strong warehouse and manufacturing activity not enough to offset wide-ranging weakness.

ARA forecasts rental will grow more than 1.5 percent in 2021

Market is expected to regain all pandemic loses by 2022.

NAHB: Builders remain bullish as high demand offsets higher costs – for now

But surging lumber prices and regulations are throttling back the market.

BuildFax Monthly Housing Health Report shows 2021 off to a strong start

Single-family permits grow nearly 10 percent YOY.

IAPMO issues 2021 solar, hydronics, geothermal, pool, spa and hot tub codes

New codes govern the installation and inspection of solar, hydronic, and geothermal energy systems.

Southwire to install new SCR system in Carrollton, GA

Investment will strengthen company’s modernization efforts, sustainability commitment and long-term strategy.

NAHB: Residential remodeling has fully recovered from the beginning of COVID-19

Sector is expected to grow 4 percent in 2021 and 2 percent in 2022.

GreatStar Tools USA establishes new executive leadership team

GreatStar elevates Gary DuBoff, Melissa Karlovitch and James O’Rourke to new senior executive positions.

Curry Supply hires Cory Wilson as VP of Operations

Wilson joins Curry from JLG.

Fecon acquires Vermeer's Forestry Mulching Products and enters global distribution agreement

Deal will allow Fecon dealers access to Vermeer mulching products.

Core & Main to acquire Triple T Pipe & Supply

Acquisition will expand company presence in West Texas.

Dodge Momentum Index increases 3.1 percent to start 2021

Commercial planning hits its highest level since before the Great Recession.

F.W. Webb welcomes new Director of Plumbing in Tri-State

Stanley Graser has been appointed the Director of Plumbing to oversee the company’s markets within New York City’s five boroughs, New Jersey and Pennsylvania.

Exclusive: Effective networking in a virtual world

Networking is about building relationships, not making sales.

NIBS convenes BIM executive roundtable on construction industry digital transformation

Business and government leaders discussed the need for a National Building Information Management (BIM) Program to improve the relationships, performance and profitability of the increasingly digitalized U.S. AECO industry.

Makita U.S.A. buys more land in Georgia

The 80-acre plot will be site for planned development to address continuing growth in the United States.

Max USA Corp. releases webinar schedule

Webinars are offered for dealers and end users.

Mule-Hide Products renames and updates packaging for modified bitumen membranes

Products are unchanged and are compatible with their previous counterparts.

Mayhew Tools to sponsor six-time champion Doug Coby for fifth year in the NASCAR Whelen Modified Tour

This will be Doug Coby’s second year racing as owner and driver of the #10 car in the WMT Series.

Exclusive: GPS tracking enables social distancing, optimal construction fleet productivity during pandemic

Real-time vehicle tracking allows immediate response and adjustment to emergencies and changing demands.

Meridian Adhesives Group acquires Convergent Concrete Technologies

Orem, Utah-based Convergent specializes in high-performance concrete treatments and products.

JCB North America named Supplier of the Year for second year running

United Rentals named JCB North America its 2020 Supplier of the Year in recognition of value, delivery, product support, training and procurement excellence.

Portable generator manufacturers set new standard for safe generator use

ANSI/PGMA G300 is the only comprehensive standard for safe, rigorously tested, high-performing portable generators.

KIOTI Tractor announces 2021 product additions

Offerings revealed at “Savage Instinct”-themed virtual dealer meeting.

Rob Messina Returns to JLG

Messina becomes Senior Vice President Product Development and Product Management.

KAI Build promotes Steve Kizer to VP of Operations – Construction

Kizer has over 25 years of construction management experience and has worked in the construction industry for 42 years.

Festool USA launches Systainer3 Systainer Systems

Festool USA launches its largest collection of new Systainer Systems in company history.

New Home Depot Dallas-Fort Worth DC will create 1,500 jobs

Just opened, new 1.5 million square-foot distribution center has a hydrogen fuel cell charging station and six miles of conveyor lines.