The Pennslyvania-based independent distributor of specialty building materials will wind down operations over the next few months, ending operations on March 31. It will impact 130 employees across five locations.
Masonite and Endura have been partners for more than 25 years in the door industry.
Beacon announced the acquisitions of Whitney Building Products and First Coastal Exteriors a day apart.
GMS marked the beginning of its expansion into the New York City with the acquisition of Brooklyn-based fastener distributor Tanner Bolt & Nut.
Builders FirstSource Executive Vice President Dave Rush has been appointed interim CEO while a search for a permanent successor is conducted.
The distributor has also enacted a handful of other cost-cutting actions as homebuilding has soured throughout 2022.
Beacon will create a new specialty waterproofing division as a result of the acquisition.
With locations in Nashville and Chattanooga, Metro adds 30 employees to SRS.
Construction input prices dipped 0.1% in September compared to the previous month but remained 41% ahead of February 2020 pre-COVID levels.
