Survey Cites Biggest Wood Flooring Threats
A wide ranging survey recently undertaken by the National Wood Flooring Assn. looked at the impact of the viral pandemic on the flooring industry and the outlook for 2021. Asked about the biggest long-term threat to real wood products, 38% of association members cited luxury vinyl tile (LVT) as the biggest challenge, followed by wood-plastic composites (WPC) noted by 26%. On another question, 57% of respondents said “wood-look” products have had a negative effect on real wood product sales. Looking ahead at in-demand product types for 2021, 58% said wide plank flooring, 55% picked engineered products, 46% said factory finished flooring and 45% said long board flooring would have good demand next year.
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Boise Cascade Acquires Coastal Plywood
Boise Cascade Co. has reached an agreement to acquire Coastal Plywood Co., including plywood mills in Havana, Fla. and Chapman, Ala., from Coastal Forest Resources Co. for $512 million, subject to certain closing adjustments. The two facilities employ 750. “This acquisition incrementally expands our veneer capacity in support of our customers,” says Nate Jorgensen, CEO, Boise Cascade…
Huber Names President & CEO
J.M. Huber Corp. named Gretchen W. McClain has as President & CEO through a unanimous vote of the Huber Board of Directors. McClain succeeds Mike Marberry, who is retiring after a 25-year career with Huber, including 13 years as President & CEO. “I am extremely excited to be the next Chief Executive Officer of…
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