Measure’s Modest Amount of Funding for Infrastructure Projects and Clarification that PPP Loans May Not be Taxed Will Help Offset Some of the Challenges Facing the Construction Industry
The new coronavirus recovery measure should provide some needed relief for a construction industry that is coping with project cancellations and job losses in most parts of the country.
Beacon (the “Company”) announced the execution of a definitive agreement to sell its interior products business, consisting of 81 branch locations where it distributes construction products including wallboard, acoustical ceilings, steel framing and insulation to both residential and commercial contractors (“Interior Products” or “Interiors”), to affiliates of American Securities LLC, a leading U.S. private equity firm.
Following the rapid growth of its specialty ceiling and wall business in recent years, CertainTeed has announced the launch of a newly realigned ceilings resource focused on the commercial architecture and design industry.
Adding to its vast catalog of cold-formed steel framing solutions, ClarkDietrich is giving contractors greater freedom to construct intricately curved ceilings, walls and bulkheads with its new 360TRAK.