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Larry Adams
Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).

Architectural Products

Masonite sells architectural business segment

TAMPA, Fla. — Masonite International Corp. announced that it has entered into a definitive agreement for the sale of all assets associated with the company’s Architectural segment to subsidiaries of IBP Solutions, Inc., a newly formed portfolio company of Industrial Opportunity Partners.The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions.Houlihan Lokey, Inc. acted as Masonite’s financial advisor on the transaction.
By Larry Adams, April 25, 2024 | 9:28 am CDT

Cabinets

1847 executes Letter of Intent to sell 1847 Cabinets Inc. for $27.6 million

NEW YORK — 1847 Holdings LLC, a holding company, announced the execution of a non-binding Letter of Intent with a prospective strategic buyer to sell all assets of 1847 Cabinets Inc.Under the terms of the LOI, the buyer has proposed an enterprise value of $27.6 million for the acquisition of all assets of 1847 Cabinets Inc. The amount, the company said in a statement, represents a 5.91x multiple of 2023 EBITDA of approximately $4.7 million.
By Larry Adams, April 24, 2024 | 8:51 am CDT

Woodworking Industry News

Teddy Roosevelt to get mass timber library

SPOKANE, Wash. — The Theodore Roosevelt Presidential Library in North Dakota’s Badlands is scheduled to start construction in April, and the 26th president of the U.S. is being honored with a mass-timber building. Mercer Mass Timber (MMT), a low-carbon advanced manufacturer of timber building materials and a subsidiary of Mercer International Inc., announced that it will provide mass timber for the library. The company said the project honors the president’s legacy of conservation by utilizing locally sourced and renewable resources, like mass timber.
By Larry Adams, April 23, 2024 | 1:12 am CDT

Woodworking Industry News

West Fraser sells Quesnel facility

West Fraser Timber Co. Ltd. has completed the sale of its Quesnel River Pulp mill, and its Slave Lake Pulp mill to an affiliate of a fund managed by Atlas Holdings following completion of customary regulatory reviews and satisfaction of customary closing conditions.
By Larry Adams, April 22, 2024 | 12:05 pm CDT