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Latest News from BRG and the Global Building Products Industry
Stay informed regarding BRG's latest publications and industry news covering the markets for HVAC equipment, components & controls, bathroom & kitchen products, plumbing, pipes, valves & fittings and thermal insulation.
U.S. Construction Spending Drops in July Due to High Mortgages and Increased Supply
US: Construction spending in the US fell by 0.3% in July, a larger drop than the 0.1% expected by economists, as rising mortgage rates...
brg_news_room
Sep 3, 20241 min read


Australian Home Building Approvals Surge in July, But Challenges Persist
Australia: New home building approvals have reached a 14-month high, signaling a return of market confidence. According to the Australian...
brg_news_room
Sep 3, 20242 min read
Innovair Expands U.S. Market Presence with Acquisition of Warmzone
US: Innovair Solutions, a Quebec-based manufacturer and distributor of electric heating and HVAC solutions, is expanding its presence in...
brg_news_room
Aug 29, 20241 min read
Argentina Sees Inflation Ease as Milei Implements Austerity
Argentina: Argentina, grappling with one of the world's highest inflation rates, has seen a notable slowdown in inflation to 4% in July,...
brg_news_room
Aug 28, 20241 min read
Four Hands Expands Portfolio with Two New Categories
US: Four Hands has expanded its product portfolio with the addition of two new categories: bath and wallpaper. The bath category features...
brg_news_room
Aug 28, 20241 min read
The European Union Authorises the Acquisition of Purmo Group
Finland/USA: The acquisition of sole control of Purmo Group of Finland by Apollo Global Management of the United States has been approved...
brg_news_room
Aug 25, 20241 min read
Aquatherm Expands Reach in Canada Through Strategic Partnerships with Local Distributors
Canada: Aquatherm has expanded its distribution and support network in Canada by partnering with Equipco Ltd., based in Maple Ridge, BC,...
brg_news_room
Aug 22, 20241 min read
Galvin Engineering to Supply Ifo and Kolo Products in Australia
Australia: Galvin Engineering, a leading Australian manufacturer of commercial tapware and water management systems, has become the...
brg_news_room
Aug 21, 20241 min read
Government of Canada Awards $500,000 to HRAI for Heat Pump Training in Ontario
Canada: Ontario is addressing the growing demand for heat pump installations by allocating $500,000 to the Heating, Refrigeration and Air...
brg_news_room
Aug 20, 20241 min read
Lowe's Expected to Report Sales Decline, Following Home Depot's Disappointing Results
USA: Lowe's is expected to release its fiscal Q2 earnings report on 20TH August. According to Bloomberg's consensus, Wall Street...
brg_news_room
Aug 20, 20241 min read
Viessmann Expands Clean & Cold Footprint with KPS Global Acquisition
US: Viessmann Generations Group, a family-owned company with a 107-year heritage, has signed an agreement to acquire KPS Global, a...
brg_news_room
Aug 15, 20241 min read
Ferguson Expands with Acquisitions in New York and California
US: Ferguson, a leading distributor of plumbing and industrial products, announced the acquisition of two distributors: Gerster Equipment...
brg_news_room
Aug 15, 20241 min read
Home Improvement Market Declines as Economic Pressures Shift Consumer Spending
US: The home improvement market is facing a downturn due to shifting economic conditions, rising borrowing costs, and inflationary...
brg_news_room
Aug 15, 20241 min read
Carrier Finalizes $3 Billion Sale of Fire Business to a Lone Star Affiliate
US: Carrier Global Corporation (NYSE: CARR) has entered into a definitive agreement to sell its Commercial and Residential Fire business...
brg_news_room
Aug 15, 20241 min read
Emerson Electric Divests Final Copeland Stake to Blackstone
US: Emerson Electric (NYSE: EMR) has completed the sale of its remaining 40% common equity ownership stake in the Copeland joint venture...
brg_news_room
Aug 13, 20241 min read
Construction Industry Confidence Plummets Amid Government Work Shortage in New Zealand
New Zealand: The construction industry is losing confidence due to a lack of a clear pipeline of government work in the near future,...
brg_news_room
Aug 13, 20241 min read
Trane Expands Monterrey Plant to Boost U.S. AC Production
US: Trane, a leader in air conditioning manufacturing, has announced an 18 million USD expansion of its Monterrey, Nuevo Leon production...
brg_news_room
Aug 12, 20241 min read
Canada Sees Double-Digit Declines in Building Permits
Canada: Canada's building permit values saw a sharp decline of 13.9% in June, dropping to 9.9 billion USD, according to Statistics...
brg_news_room
Aug 12, 20241 min read
Construction Costs Surge, Pushing Property Prices to Record Highs in Australia
Australia: The rapid rise in construction costs in Australia, which appeared to be slowing, has surged again, driving property prices to...
brg_news_room
Aug 12, 20241 min read
Fletcher Building Divests Tradelink In a 112 million USD Deal with Metal Manufactures
Australia: Fletcher Building Limited has entered into an agreement to sell its Australian plumbing supplies and distribution business,...
brg_news_room
Aug 11, 20241 min read
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