Merit Distribution Group Comes Under New Ownership

The Merit Distribution Group LLC and its subsidiaries completed a sale transaction with Spartan ParentCo LLC, an affiliate of Czech Asset Management. While Merit Distribution will operate under new ownership, existing operations and management will remain unchanged.

HIRI Cuts 2025 Home Improvement Growth Forecast

The Home Improvement Research Institute (HIRI) revised its 2025 growth forecast downward to 3.4% from 5%, as the $574.3 billion home improvement market faces sustained economic headwinds, including rising costs, tariffs and housing market challenges.

BMCANA Launches to Address Industry Talent Shortage

The Building Materials Careers Association of North America (BMCANA) launched in July and will be dedicated to addressing the talent shortage in the building materials industry, making the sector North America’s most desirable career destination by 2030.

PPG Showcases Products at Coatings Innovation Center

PPG showcased its latest innovations to members of the analyst community at the company’s global Coatings Innovation Center in Allison Park, Pennsylvania. The event focused on exhibiting the company’s focus on sustainability.

Government Tariffs Cause Volatility in Import Cargo Volume

Import cargo volume at the nation’s major container ports is expected to bounce back this month after a significant decrease in late spring, but is expected to fall again after previously paused tariffs take effect, according to the National Retail Federation and Hackett Associates’ Global Port Tracker.

Sherwin-Williams Announces Enhancements for Leagues Cup 2025 Partnership

The Sherwin-Williams Company announced it will continue as the official paint partner of Leagues Cup and shared an enhanced fan engagement strategy for the event. Leagues Cup 2025 will take place this summer and feature clubs from Major League Soccer and LIGA MX.