Assa Abloy’s acquisitions during the first fiscal quarter of 2023 and organic sales growth of 8% are among the factors prompting president and CEO Nico Delvaux to suggest the company has seen a “very strong start to 2023.” The positive report comes amid a challenging week, as the company faces a bench trial, seeking to […]

Four publicly traded door and window companies released financial results last week, showing mostly solid fourth-quarter and year-end results. Despite a housing market that slumped throughout 2022, net sales were up for Masonite and PGT Innovations in the fourth quarter. Meanwhile, reports from Fortune Brands Innovations (including Therma-Tru, Larson and Master Lock) weren’t as strong, […]

With the second quarter closing this week, financial results from across the industry are making headlines. That includes earnings reports from Fortune Brands and PGT Innovations Inc., both of which announced “strong” performances from April through June 2022. For the second quarter of 2022, Fortune Brands reported sales of $2.1 billion, an increase of 9% […]

Quanex Building Products Corp. has completed its acquisition of Woodcraft Industries. Woodcraft is a supplier of doors and components to leading original equipment manufacturers in the kitchen and bathroom cabinet industry. “I am very pleased to formally welcome Woodcraft to the Quanex team,” says Bill Griffiths, Quanex’s chairman, president and chief executive officer. “The combination […]

But the Sika board and management team say they are opposed to the move and will “resign following closing of the transaction,” according to a company statement.