Builders FirstSource's report that former president and COO Kevin O'Meara's departure from the company includes a two-year non-compete clause (along with as much as $1.3 million in payments) makes this a good time to examine the popularity of non-compete clauses in the LBM world. According to a ProSales online survey conducted in December, about 40% of the LBM respondents said their companies use non-competes, while 35% of the respondents who don't say they are thinking of starting to use the agreements. Outside sales reps (84%) and sales managers (57%) are the groups most likely to be required to sign the agreements. Three-fifths of the non-competes last for 12 months, and nearly four-fifths of respondents, said they make signing an agreement a requirement for employment for some jobs, typically in sales.
Check out all of the ProSales online surveys at www.prosalesonline.com/surveys.
ABC Supply's Hendricks Laid to Rest
Thousands of people came to bid farewell at the Dec. 28 funeral for Ken Hendricks, ABC Supply's founder, chairman, and CEO. Hendricks, 66, died as a result of a head injury he suffered after falling at a construction site at his home Dec. 21.
The Beloit, Wis., firm created by Hendricks and his wife Diane has grown from three supply centers in 1982 to nearly 400 centers in 46 states. It reported nearly $2.6 billion in sales last year, 96% of them to pros, putting it No. 6 on the ProSales 100.
Hendricks' personal fortune was estimated at $3.5 billion, according to Forbes magazine earlier this year, making him the third-richest person in Wisconsin, 91st-richest in the country, and 249th-richest in the world, according to the magazine. He is survived by his wife and seven children. Donations in Hendricks' memory may be made to the Beloit Regional Hospice. Visit www.beloitregionalhospice.com for contact information.
Len Kopec, president and CEO of The Wolf Organization in York, Pa., is the new president of the North American Building Material Distribution Association. Other new officers are: president-elect Duane Lambrecht, Shelter Products, Inc., New Ulm, Minn.; vice president Bill Delaney, Distributor Service Inc., Carnegie, Pa.; treasurer Mark Kasper, Amerhart Ltd., Green Bay, Wis.; and immediate past presidentRoger Debnam, Wurth Wood Group, Charlotte, N.C. ? Joseph Lawrence is the new president of the West Region for Pro-Build Holdings of Denver. Lawrence previously was president of Pro-Build's Dixieline Lumber & Home Centers unit. He succeeds David Dittmer, who is leaving the company. ? Bill Huber, general manager of the United Building Centers branch in Mandan, N.D., has been elected secretary-treasurer of the North Dakota Association of Builders. ? The Associated General Contractors of Alaska named Mark Houle, assistant manager of the commercial division at Spenard Builders Supply in Anchorage, as its Supplier of the Year. ? Building Material Distributors Inc. in Galt, Calif., has promoted Jim Mackall to sales director for the building products division.
William Danzig retired Dec. 31 as president of Progressive Affiliated Lumbermen Cooperative, Grand Rapids, Mich. He had been with the buying group for 29 years. ? Looney and Bloess Lumber Co., Sedalia, Mo., will close its doors this spring when its 80-year-old owner, Jack Bloess, retires. ? Hughes Lumber will close a lumberyard in Owasso, Okla., and move its Tulsa headquarters to Catoosa, Okla. ? Citing the home-building slump, Great Central Lumber Co. will close its Palmyra, Mo., location March 2. ?Brinker Brown Fastener & Supply Inc. of Fort Myers, Fla., was set to open its new headquarters building Feb. 1-2. ? Huttig Building Products announced in December it will close its distribution facilities in Greensburg, Pa., and Kansas City, Mo., and has consolidated office space in St. Louis. About 50 jobs will be cut, although some employees will be able to transfer. ? The Peachtree Door & Window plant in Gainesville, Ga., will close in February and move patio and entry door construction to its Weather Shield Manufacturing facility in Park Falls, Wis. ? Building Materials Holding Corp. finished the sale of its Aspen, Colo., property to the city for $18.3 million. The company gains $10 million; the city will build affordable housing on the property. ? 84 Lumber sold facilities in Mount Holly, N.J.; Pell City, Ala.; Centerville, Ind.; and Romeoville, Ill., for $3.7 million. The Eighty-Four, Pa., LBM also has left Redding, Calif., and Manchester, Tenn., where housing starts have dipped below 500 per year. The company prefers markets with at least 3,000 annual starts.
Dunn Lumber of Seattle will acquire the assets of Par Dee Sales, Bellevue, Wash., around Jan. 31. ?Builders FirstSource Inc. and a Wachovia Bank-led consortium agreed on a new $350 million, five-year, revolving credit facility for the company. The arrangement follows BFS' report in October that it had swung to a net loss of $11.5 million in the third quarter on a 35% decline in sales, as well as the resignation of president and COO Kevin O'Meara. ? Denver-based ProBuild Holdings announced Jan. 2 that it has purchased Florida-based Granger Lumber-Hardware, a distributor of lumber, millwork, and roof trusses. Terms of the sale were not disclosed.
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Send your company's news, announcements, and events to Evamarie Socha, via e-mail esocha@hanley wood.com or fax 202.785.1974.
The number of satellites that make up the Global Positioning System. A typical GPS receiver calculates its position using signals from four or more GPS satellites. SOURCE: HowStuffWorks.com
Forecast increase in demand for residential kitchen and bathroom countertops each year through 2011, eventually reaching 540 million square feet.
Source: Freedonia Group
The percentage saved of energy and heat from an Energy Star-rated compact fluorescent light bulb vs. a standard incandescent light.
The value of wood exports from the United States in 2006, an increase of 7% over the previous year.
SOURCE: U.S. Dept. of Agriculture
The number of U.S. households using wood-pellet-fueled sources for heat. SOURCE: Consumer Reports