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...But Mr Manifold described the sale to Beacon Roofing Supply as a “unique opportunity” because the price represented 16 times the unit’s earnings before interest, taxes, depreciation and amortisation....
...A courtroom showdown is now set for Monday after US building group Standard Industries obtained an injunction to stop German roofing company Braas Monier from issuing new shares that would force Standard...
...Rising demand from the construction industry helped polish profits at Owens Corning, a maker of residential and commercial building materials....
...He is repeating accusations he made to the European Commission, which resulted in an investigation that included raids on Velux’s offices....
...PAI Partners, one of Europe’s biggest private equity groups, has appointed advisers to renegotiate the debts of two companies it bought in the beleaguered construction and housing sectors at the peak of...
...The Paris-based group has also asked more than 100 lenders to Monier, the former Lafarge Roofing business, to prepare for negotiations on restructuring its more than €2bn of debt by forming a steering committee...
...The overseas move on the building materials sector began in 1997 when Redland, the roofing tile specialist, was bought by Lafarge of France for £1.8bn....
...Sun: Two decades in industrial roofing in California helped Bruce Khouri set up his solar business, Solar Integrated Technologies, which makes roofing materials with embedded photovoltaic cells....
...Last month, it announced plans to double the size of its professional business through the $3.2bn acquisition of Hughes Supply, a distributor of construction and maintenance materials....
...For example, Aduddell Roofing and Sheet Metal, an Oklahoma City business run by a former steer wrestler, shares with a partner a $60 million contract to install temporary roofing on houses in Mississippi...
...Home Depot Supply sells construction and maintenance products to professionals....
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