PPI Report: Flat Glass Prices on a Three-Month Spike

Sep 11th, 2015


Flat glass prices jumped another 0.9 percent in August after increasing by the same amount in July, according to the latest Producer Price Index (PPI) report issued by the U.S. Labor Department. According to the report, flat glass prices are up 4.8 percent from August of last year and 4.6 over the last three months, […]

Jeld-Wen Just Acquired Karona Inc.

Sep 10th, 2015

A Karona door.

Charlotte, N.C.-based Jeld-Wen just made its third acquisition in a month. This time, it bought Karona Inc., a manufacturer of stile and rail doors based in Caledonia, Mich. Terms of the deal were not disclosed. “Innovation and expanding our market leadership position are top priorities for us, very much in alignment with our mission to offer […]

Changes in Overtime Pay Rules: Should You Be Worried?

Sep 8th, 2015


The U.S. Department of Labor’s proposed overtime rule, which would raise the threshold under which most salaried workers are guaranteed overtime pay from $23,660 a year to $50,440 a year in 2016, is grabbing the attention of the door and window industry. If the rule is enacted, it could turn many salaried workers who are currently […]

Swiss Administrative Court: Saint-Gobain Is Not Obligated to Extend Offer to All Shareholders

Sep 4th, 2015

gavel 2

The Swiss Federal Administrative Court (FAC) had upheld Swiss specialty chemical company SIKA AG’s opt-out clause, rejecting a complaint filed over the clause by the Bill and Melinda Gates Foundation Trust and Cascade Investment. The court drama began after French conglomerate Saint-Gobain’s plan to gain a controlling interest in SIKA by acquiring Schenker-Winkler Holding (SWH) […]

Residential Construction: One of Small Business’s Fastest-Growing Industries

Sep 3rd, 2015

Residential construction is one of the most lucrative industries for small businesses.

It’s a good time to be in residential construction. A recent report by Sageworks, a financial information company, ranks residential building construction as the ninth-fastest-growing industry for small businesses. According to the report, which considers small businesses to be “privately-held companies with annual sales less than $5 million,” the sector had a 12.8 percent year-over-year […]

Are You a Door and Window Dealer? Please Take Our Survey!

Sep 2nd, 2015


Attention, door and window dealers: DWM needs your feedback for an upcoming article on diversification — as in, extra services you might perform or extra products you might sell. (Think siding, gutters, etc.) Please take a couple of minutes to fill out the short survey below. Your feedback is needed and greatly appreciated. Thank you. […]

Should Your Independent Contractor Instead Be Considered Your Employee?

Sep 1st, 2015


The United States Department of Labor wants to clarify something it claims is costing employees certain protections and the government money. The department recently put out an interpretation of sorts to ensure employees of companies don’t get misclassified as independent contractors (ICs), something it claims “is found in an increasing number of workplaces in the […]

Quanex To Acquire Woodcraft Industries

Aug 31st, 2015


Houston-based Quanex Building Products Corporation will acquire Woodcraft Industries, a top supplier of doors and components to the kitchen and bathroom cabinet industry. The all-cash transaction, which is expected to close in the fourth quarter of 2015, is valued at approximately $248.5 million. It will be funded by a combination of cash,  revolving credit and a loan.  Woodcraft is […]

If You Only Sell a Product, Are You Responsible For Its Defects?

Aug 28th, 2015


There’s a renewed legislative push to maintain the innocence of sellers whose products end up being deemed “defective.” The Innocent Sellers Fairness Act (H.R. 1199) was introduced in the House of Representatives in March by Rep. Blake Farenthold, R-Texas, who also sponsored the bill in 2013. A version of the bill has been in the House […]

Contractor Sentenced for False Statements Regarding Injured Worker Incident

Aug 27th, 2015


Safety equipment and proper worker protection is crucial among all trades in the construction industry, and another roofing contractor has been made an example of just why that is. Earlier this month, Russellville, Ala.-based steel and roofing contractor Marcus Borden was sentenced to three years of supervised probation and 30 hours of community service after […]