Trex Broadens Western U.S. Reach Through Expansion With IWP
WINCHESTER, Va., August 13, 2025--(BUSINESS WIRE)--Trex Company, Inc. (NYSE: TREX), the world's largest manufacturer of wood-alternative decking and residential railing products, is expanding its partnership with International Wood Products, LLC (IWP), strengthening its presence in the Western U.S. through increased channel support and enhanced product accessibility. As part of this initiative, IWP will now exclusively stock Trex® decking and railing at its newly opened facility in Salt Lake City, Utah, and continue to do so at all six of its distribution centers across the region.
This development builds on the long-standing success of the Trex-IWP relationship in the Pacific Northwest and California. The addition of IWP's new facility will further bolster Trex's coverage in the Intermountain West, a key growth area within the national housing market, while complementing the company's existing distributor relationships across the region.
"This expansion further strengthens our world-class distribution network which supports market growth and drives customer success," said Kevin Brennan, Vice President, North American Pro Channel Sales at Trex. "IWP has proven to be a strong Trex partner, and we are pleased they will be expanding their footprint in a region with significant opportunity."
"We are thrilled to expand our relationship with Trex and look forward to bringing another great product to our valued customers in Utah and across the Intermountain West," said Josh Hamilton, President of International Wood Products. "Our relationship with Trex has been built on mutual trust and shared values, and we are incredibly proud of the success we have achieved together. By exclusively stocking Trex decking and railing products at all six of our distribution facilities in the West, including Salt Lake City, we will offer a comprehensive selection of premium solutions to our valued customers across the region."
Strategic Highlights:
Expanded Market Coverage – Strengthens Trex's presence in Utah and across the Intermountain West, reinforcing the brand's commitment to serving the growing housing market with reliable access to industry-leading products.
Comprehensive Product Availability – IWP will stock the full line of Trex decking and railing products, including the new Trex Select™ aluminum and Trex Enhance™ steel railing systems, offering solutions for a wide range of product types and budgets.
Sustained Channel Investment – This move underscores Trex's strategy to support continued conversion from wood to composite decking and to double its share of the $3.1 billion residential railing market over five years.
This expansion reinforces Trex's ongoing commitment to channel excellence, long-standing distributor partnerships, and the delivery of high-performance, sustainable outdoor living products. To learn more, visit http://www.trex.com. For more about IWP, visit http://www.iwpllc.com.
About Trex Company
For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the composite decking category. Today, the company is the world's #1 brand of sustainably made, wood-alternative decking and residential railing, and a leader in high performance, low-maintenance outdoor living products. Boasting the industry's strongest distribution network, Trex sells products through more than 6,700 retail outlets across six continents. Through strategic licensing agreements, the company offers a comprehensive outdoor living portfolio that includes deck drainage, flashing tapes, LED lighting, outdoor kitchen components, pergolas, spiral stairs, fencing, lattice, cornhole and outdoor furniture – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America's Most Trusted® Outdoor Decking** 5 Years in a Row (2021-2025). The company also holds a place on Barron's list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America's Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor's Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 15th consecutive year. For more information, visit Trex.com. You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand's YouTube channel (TheTrexCo).
**2021-2025 DISCLAIMER: Trex received the highest numerical score in the proprietary Lifestory Research 2021-2025 America's Most Trusted® Outdoor Decking studies. Study results are based on the experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.
About International Wood Products
International Wood Products, LLC (IWP) is an independent, full-service stocking distributor and manufacturer of quality building materials providing service to building materials suppliers in the Western United States.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250813959119/en/
Contacts
Corinne RacineL.C. Williams & Associates(312) 565-4615cracine@lcwa.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
2 hours ago
- Forbes
Who's Getting Rich Off The $100 Billion Crypto Treasury Boom
A record number of public companies are shoveling crypto onto their balance sheets—ostensibly to diversify their holdings, hedge against inflation and attract new investors. The unstated reason, of course, is management's desire to boost their stock price. In recent months, just announcing a so-called 'crypto treasury' strategy has been enough to add premiums to trading prices. The real bonanza however, is flowing to the picks-and-shovels merchants of this latest gold rush: custodians, brokers, asset managers and investment banks collecting fees on every trade, transfer and storage deal. Over the past six months, the trend has reached 'fever pitch' and 'has gone fully contagious,' says Nathan McCauley, cofounder and CEO of San Francisco-based Anchorage Digital. His crypto bank has already struck deals to oversee Trump Media's $2 billion bitcoin treasury and a $760 million trove from Nakamoto Holdings, a bitcoin-focused company that recently announced a SPAC merger with KindlyMD, a tiny money losing Salt Lake City-based healthcare operation whose stock languished at under $2 per share before the May press release. Today, KindlyMD's Nakamoto, whose name pays homage to Bitcoin's pseudonymous founder, Satoshi Nakamoto, is listed as NAKA on the NASDAQ. Its shares sell for $15, giving it a market cap of $114 million. A year ago, a small group of corporate buyers collectively held just over 416,000 bitcoin. Today, no less than 152 publicly traded companies control over 950,000 coins worth over $110 billion, according to Bitcoin The undisputed whale in the group is still billionaire Michael Saylor's Strategy, the company that pioneered the corporate crypto playbook, leaning heavily on creative financing from convertible notes to variable-rate perpetual preferred stock. Strategy Inc., which started life as a small Tysons Corner, VA-based software company known as MicroStrategy, now owns of $73 billion worth of bitcoin, yet has a market cap of $95 billion, a 25% premium to its crypto asset holdings. And Strategy's copycats aren't stopping at bitcoin–they're buying ether, solana and a whole roster of other digital assets. This year alone, corporations have raised more than $98 billion to do exactly that, according to Palo Alto-based crypto advisory firm Architect Partners, with another $59 billion pledged by 139 companies since June. Latest case in point: World Liberty Financial, a crypto firm majority-owned by the Trump family, recently announced a $1.5 billion treasury anchored by its own token, WLFI. That's in addition to Trump Media's $2 billion bitcoin treasury. For now, the broader impact of the trend is hard to quantify since it is still in its early stages, says Architect Partners' Elliot Chun, but the frenzy has already 'generated a lot of fees across the board.' Underwriting commissions and other fees from offerings of preferred stock and convertibles are already proving to be a lucrative business for numerous traditional investment banks and broker-dealers, including Morgan Stanley, Barclays Capital, Moelis & Company, and TD Securities. Take for example Strategy's recent $722 million offering of 8.5 million shares of preferred stock in March. Morgan Stanley served as an underwriter, along with about a dozen other firms making an estimated $10 million in fees. MARA Holdings, a Fort-Lauderdale firm dedicated to mining cryptocurrencies and now buying and hoarding bitcoin, issued $950 million of convertible notes in July. Morgan Stanley and others are likely to reap $10 million on that deal. Another beneficiary of the crypto treasury boom are qualified custodians, who safeguard digital assets on behalf of clients. Take veteran BitGo, headquartered in Palo Alto, which crossed $100 billion in assets under custody in the first half of 2025, thanks both to a booming crypto market and the growth of corporate treasuries. '[Corporate treasuries] are an increasing portion of our business. We didn't see much dedicated to this over six months ago, but it's a good portion of new clients,' says Adam Sporn, head of prime brokerage and U.S. institutional sales at BitGo. He estimates that about two dozen crypto treasury companies have announced custody deals with BitGo in just the past couple of months. The surge in business helped pave the way for the company to confidentially file for an IPO in July. Major custodians such as BitGo and Coinbase charge institutional clients a mix of upfront, annual and add-on fees for holding their crypto and helping them earn income on it. The most common structure is an annual cut of assets under custody, typically ranging from 0.15% to 0.30% though big clients can negotiate rates down to 10 basis points, or 0.10%, says Ravi Doshi, FalconX's global co-head of markets. Though these fees translate into hundreds of millions of dollars in revenue for the custodians acting as stewards to tens of billions in bitcoin, the margins on custody deals are typically razor thin. The demand for cryptocurrencies created by these proxies is also creating additional revenue for exchanges and prime brokers like Coinbase, FalconX and Cumberland. Each purchase feeds a cycle: more buying pushes up prices, draws in new investors and gets more tokens to trade, notes Dan Dolev, senior fintech analyst at Mizuho. Beyond trading and custody, yield services like staking, lending and options overlays are another lucrative lane. Staking rewards users who lock their tokens to help validate blockchain transactions, while options strategies involve using financial derivatives to adjust a portfolio's risk-reward profile without altering its underlying asset allocation. 'As these companies raise capital with the intention of putting it on their balance sheet, they quickly come to the question of 'what now?'' says Architect Partners' Chun. 'There's more than $60 billion in crypto assets that need to generate a return, and these publicly traded companies can't do it themselves.' So far, companies have been relying on the appreciation of the underlying asset to drive returns, but the rapid proliferation of the crypto treasury trend will put pressure on firms to differentiate themselves, by seeking yield-generating strategies or low cost capital to buy bitcoin, says Sidney Powell, CEO of Melbourne-based crypto lending firm Maple Finance. To build their competitive advantage, these companies may increasingly turn to institutional lenders like Two Prime and Maple Finance, and asset managers like Wave Digital Assets, Arca and Galaxy, who charge between 25 to 50 basis points for treasury management services, according to Juan Leon, senior investment strategist at crypto asset manager and advisory firm Bitwise. Earlier this month, Galaxy reported $175 million in inflows for its treasury asset management business, in part for providing treasury asset solutions for their 20 or so customers that hold cryptocurrencies in their treasuries. Meanwhile, Wall Street is already bankrolling the spree. Encouraged by a friendlier policy climate under President Trump and clearer regulations, mutual fund giant Capital Group, hedge fund D1 Capital Partners and investment bank Cantor Fitzgerald are among those financing the corporate crypto hoarding. Despite crypto's naysayers, the digital asset treasury boom is in early innings. 'We think, eventually, all companies will be crypto treasury companies in one way, shape or form,' says Leon, noting that some $31 trillion is now held in corporate cash reserves worldwide. 'Whether they hold 1%, 10% or 100% of their balance sheet assets in crypto, they're going to hold something. So we have a lot of room to run.' More from Forbes Forbes NASA Is Already Prepping To Build Trump A Nuclear Reactor On The Moon By Christopher Helman Forbes With Trump's TikTok Ban On Hold, ByteDance Is Quietly Launching AI Apps By Emily Baker-White Forbes Forget BLS. Here's How To Take The Economy's Temperature Without Using Government Data By Brandon Kochkodin Forbes Inside Rob Gronkowski's Beautiful Mind By Justin Birnbaum Forbes Sam Altman Despises Elon Musk. Now He Is Going After His Companies By John Hyatt
Yahoo
16 hours ago
- Yahoo
Ally Bank Earns Fourth Consecutive 'Outstanding' CRA Rating
Federal Reserve recognition highlights deep, long-term commitment to community investment SALT LAKE CITY, Aug. 18, 2025 /PRNewswire/ -- Ally Bank, the nation's largest all-digital bank with an industry-leading auto financing business, announced today that it has received an "Outstanding" rating on its most recent Community Reinvestment Act (CRA) performance evaluation by the Federal Reserve Board. Since 2017 Ally Bank has earned the highest possible rating four consecutive times. This distinction places Ally among the top 15% of U.S. financial institutions evaluated under the CRA. "Ally's fourth consecutive 'Outstanding' CRA rating reflects that doing right by our communities is foundational to our long-term business success," said Ally chief legal and corporate affairs officer, Hope Mehlman. "This rating is a testament to the strength of our CRA program and the passion our teams bring to serving their communities." As part of the most recent exam period (2023-2024), Ally delivered on its community reinvestment mission through $2.68 billion of community development loans and investments, including: $1.7 billion in community development investments, including $1.47 billion supporting affordable housing $734.4 million in community development loans, including $138 million supporting economic development and community services $3.4 million in grants to non-profit organizations supporting community development and economic mobility 1,685 in employee volunteer hours focused on financial literacy initiatives and nonprofit partnerships The rating affirms Ally's long-standing commitment to expanding access to capital in low- and moderate-income (LMI) communities across the country. Impactful examples include: A $35 million loan to Lendistry, one of the most active and impactful small business lenders in the country. In 2023 alone, Lendistry provided capital to more than 1,300 startups utilizing funding from Ally's loan. An $11.7 million real estate construction loan to Ogden PSH, LLC for a Low-Income Housing Tax Credit (LIHTC) rental project for chronically homeless individuals. The project will set aside units for homeless veterans and people with disabilities. A $5 million investment into ResilienceVC, an early-stage venture fund focused on investing in visionary entrepreneurs making financial services work for all Americans. Resilience VC targets scalable embedded financial technology startup companies that build financial resilience for users. Adopted in 1977, the CRA requires federally insured deposit-taking institutions to support the borrowing needs of all the communities where they do business, including low– and moderate–income areas. Banks are rated during periodic evaluation intervals for their lending, investments, and service activities. For more information about Ally's community development efforts are available here. Ally Bank, Member FDIC About Ally FinancialAlly Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves customers with deposits and securities brokerage and investment advisory services as well as auto financing and insurance offerings. The company also includes a seasoned corporate finance business that offers capital for equity sponsors and middle-market companies. For more information, please visit For more information and disclosures about Ally visit For further images and news on Ally, please visit Contacts: Alex Moore Ally Communications View original content to download multimedia: SOURCE Ally Financial
E&E News
19 hours ago
- E&E News
Renewable-friendly Republicans warm to Treasury guidance
Two Republican senators who have been threatening to block Treasury Department nominees over the administration's work on renewable energy are expressing lukewarm relief about new tax credit guidance. Sens. Chuck Grassley of Iowa and John Curtis of Utah issued positive statements Friday about Treasury's effort in drafting the plan, which rewrites long-running policy for how wind and solar projects can qualify for incentives. 'I appreciate the work of Secretary [Scott] Bessent and his staff in balancing various concerns and perspectives to address the President's executive order on wind and solar projects,' Curtis said. Advertisement 'Throughout these conversations, we have shared the goal of responsibly ending the decades-long tax credits for these industries while providing a soft landing.'
