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ProSales Online Newsletter
The Magazine News and Trends Green Building ProSales 100 Products Blogs

November 04, 2009

ProSales news, by editor Craig Webb, the ProSales team and Hanley Wood News service

In this issue...

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New Entity To Own Stock's Old Wis., N.Y., Conn. Units

What used to be the Wisconsin, Connecticut, and New York operations of Stock Building Supply now will be owned by a newly formed entity created by two equity firms and run by a former Stock executive. The new operation, to be called US LBM, will have 13 locations and 500 employees, and says it would rank about 15th on this year’s ProSales 100. That would make it roughly a $250 million operation.
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Stock To Merge Two Pa. Plants into a Third Facility

Stock Building Supply, one of America's biggest LBM dealers, plans to close two panel, millwork, and truss plants in Lancaster County, Pa., and consolidate them into a third facility, a Stock spokesperson confirmed.
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Stanley Works, Black & Decker To Merge

The Stanley Works and Black & Decker will merge to create Stanley Black & Decker, an $8.4 billion global tool company. The deal is worth $4.5 billion, the companies said in a joint news release. While the deal is described as a merger, but Stanley is actually acquiring Black & Decker.
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Ponderosa

Ponderosa LBM Software Provides Anywhere, Anytime Access on Smart Phones

Use your iPhone for more than just calls or e-mail! Get anywhere, anytime access to Ponderosa's integrated sales, inventory, production, business intelligence and accounting software on your phone. Ponderosa for Smart Phones lets you enter and check orders, confirm inventory availability and monitor your business performance.

Click here or call 800.422.4782 to find out more.


BMHC Cuts Losses, But Sales and Margin Slip

Building Materials Holding Corp. incurred a net loss of $8.6 million in September, its best showing since entering Chapter 11 bankruptcy protection in June, even though its total sales and gross margin slipped.
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Investment Fund Blasts BFS' Rights Issue Plans; BFS Files Preliminary Proxy

An investment fund that holds 14.9% of Builders FirstSource shares warned the building material dealer's board it could take legal action to fight a planned $205 million common stock rights offering that would be used in part to pay off IOUs due in 2012. Undaunted, BFS filed a preliminary proxy statement that shareholders would use to vote on the proposed rights offering.
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Huttig Cuts 3Q Net Loss to $1M; Net sales fell 28% to $131.4M

Huttig Building Products Inc. announced today a $1 million net loss in the third quarter, improving markedly from the $7.7 million net loss in the same period last year. The reduced loss came despite a 28% fall in net sales from continuing operations to $131.4 million.
More

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Visit www.enduraproducts.com for additional information.


Weyerhaeuser's Wood Products Group Posts $97M 3Q Loss

Weyerhaeuser Co.'s wood products group incurred a $97 million pretax loss in the third quarter on a 41.5% drop in sales from the year-earlier period to $588 million, the company reported. While still in the red, the wood products group improved its standing from the $162 million pretax loss incurred in the second quarter and the $146 million loss it reported for the July-September period of 2008.
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New Vice Presidents for Do it Best

Do it Best , the Fort Wayne, Ind.-based LBM and hardware co-op, has named Mike Altendorf as its new vice president of technology and Tim Miller as new vice president of marketing.
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WebbThreads

• The Northwestern Lumber Association and the Wisconsin Retail Lumber Association will merge formally on Jan. 1. Wisconsin will continue to have its own annual meeting; the next one will be Feb. 10-11 in Wisconsin Dells, Wis. More
JT’s Lumber Co. of Rhode Island officially began operations this week as a unit of Long Island, N.Y.’s Riverhead Building Supply. JT will keep its name.
• Parr Lumber of Hillsboro, Ore., closed its Milwaukie, Ore., yard effective Oct. 31.
ProBuild’s facility in Meridian, Idaho, will be honored by three city groups tonight for its recycling efforts. According to a press report, the ProBuild yard recycled 145,545 pounds of material over the last year
.• Ralph A. Esty and Sons Lumber Co. of Groveland, Mass., has closed after 92 years of operation.
• How intense can building material dealers get? Green Bay Packers fan Joel Fleischman of Campbellsport (Wis.) Building Supply got so worked up over Bret Favre playing for the Minnesota Vikings that he started a website called JudasFavre.com and is selling shirts with Favre’s old Packers number and word “Judas” on the back. Revenue from the sales go to a charity.

Industry/Product Briefs

Fiberon has expanded its distribution agreement with CertainTeed Corp. to promote even more Fiberon decking and railing products. Beginning this week, CertainTeed will tout Fiberon decking that incorporates PermaTech surface technology, along with Fiberon’s primary composite decking product and a complementary PVC composite railing line.
Snavely Forest Products elected Mark L. Spargo a vice president of the company..
BlueLinx has begun distributing LifeTime Lumber in Northern California.
Owens Corning announced a new program that simplifies recycling asphalt shingles for its Preferred Roofing Contractors. Based on a pilot conducted in Indiana, Owens Corning will roll out the program nationally, starting in the Midwest.
Tarco introduced NR500 Ice and Water Armor to its LeakBarrier underlayment line of products.
FibaFuse is rolling out Paperless Wall Reinforcement, a new way to reinforce plaster walls and permanently repair damaged walls and ceilings.
• MAI Doors has revamped its website, www.maidoors.com.
Kolbe has published a new "Green Initiatives" brochure that shows how its window and door products can contribute to sustainable design projects. The brochure also describes how its products can help owners comply with green building programs.
• Bob Wiltse, the former marketing director at Concord (Mass.) Lumber Corp., announced the creation of The LBM Marketing Network, designed to help small and mid-size retailers “sell more, profit more and capture greater market share.” The package includes marketing and advertising ideas, teleconferences, online discussion groups, and a marketing review.

Do you have a question, a tip, or a sage piece of wisdom? Feel free to contact ProSales' editor, Craig Webb, at cwebb@hanleywood.com.

And don't forget you can find previous ProSales Business Updates online!

PROSALES Business Update: a weekly e-mail newsletter with industry news for America's pro-focused building materials dealers.

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Hot Products

Diamond Cabinets

Diamond Cabinets. The maker has nearly doubled its number of wood finishes to meet growing consumer demand for cabinets with custom looks, the company says. Five new colors come on Alder, a newly available wood type, and Rustic Alder wood, including Chocolate, Cranberry (shown), and Wheat. 812.482.2527. www.diamondcabinets.com.


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HousingCrisis.com

Hanley Wood's HousingCrisis.com is a unique source about the real estate and construction economies with news, data, and conversation about your smartest options. We highlight exclusive articles, related stories, and linked resources from across our publishing network -- in real-time -- so that you'll have information you need, a step ahead of the moment you need it.

Go to HousingCrisis.com


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CALENDAR

New Jersey Building Material Dealers Association Management Roundtable and Annual Business Meeting
East Brunswick
Nov. 18
Contact: 800.269.9603

Click here for details

Go to ProSales' Calendar of Events


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