Stanley Sells Door Business; Acquires CST/Berger The Stanley Works has reached a definitive agreement to sell its $180 million residential entry door business to Mississauga, Ontario–based Masonite International Corp. “Our Tools and Security Solutions groups are our growth vehicles,” said chairman and CEO John M. Trani in an announcement. “On the other hand, our residential entry door business generates solid returns on capital and cash flow, but does not fit our long-term strategy. Masonite is a leader in the residential doors industry. Our entry doors business can now be part of its growth, and our customers will continue to experience excellent service. This is a real win-win for both companies.”
In keeping with the growth initiatives for its tool sector, Stanley also announced that it is acquiring Chicago Steel Tape Co., which includes CST/Berger, a Wateska, Ill.–based tool company specializing in laser and surveying instruments and leveling tools. The move will help meet Stanley's objective to build on its leadership in measuring, moving the company from just offering tape rules to measuring devices, while focusing on pro customers. The Stanley Works (www.stanleyworks.com) is based in New Britain, Conn.
Reeb Millwork Buys Distributor Reeb Millwork Corp. announced in December that is has acquired Delmarva Sash & Door Co. of Maryland. Delmarva, founded in 1942 and based in Barclay, Md., distributes doors and door units from Therma-Tru, Jeld-Wen, and Morgan in Maryland, Delaware, Virginia, and North Carolina. According to Reeb, business operations at Delmarva will remain unchanged.
Bethlehem, Pa.–based Reeb Millwork (www.reebmillwork.com) distributes windows, doors, and mill-work from Bethlehem, Syracuse, N.Y., and Seattle.
Spruce Unveils New Leaders and Products During its 18th annual User Conference November 17 through 18 in Latham, N.Y., Spruce Computer Systems, a Latham-based provider of software for LBM dealers, introduced its new leadership. The company's new president, Rob Fitzpatrick, has served as vice president of sales and marketing for the last 10 years. Former president Ray McQuade has moved to CEO and head of research and development, and Gary Martini will assume the sales and marketing position vacated by Fitzpatrick.
The company also unveiled its newest product, Doclite, a document management software program that automatically keeps copies of reports on file for an unlimited amount of time while offering easy location and retrieval of archived reports.
Spruce (www.sprucecomputer.com) also announced it will open new offices in Denver and Portland, Ore.
WBMA Elects President, Recognizes Members During its 100th Annual Convention and Building Products Showcase in November in Seattle, the Western Building Material Association elected Jeff Swan as 2004 president. Swan is the owner of Evergreen Lumber in Port Orchard, Wash., where he became president in 1966 and sole owner in 1972. He has previously served as WBMA's district director, executive committeeman, and Young Westerners Club trustee.
Rand Thomas of Sequim, Wash.–based Thomas Building Center was named Distinguished Dealer of the Year, which recognizes outstanding and distinguished service to the LBM industry. Thomas served as president of WBMA in 1999, Young Westerners Club president in 1980, and WBMA executive committeeman from 1994 to 2000,and was the chairman of the 100th Year Celebration Committee.
WBMA also recognized Jeff Mancheni and Central PreMix/OldCastle as the Supplier of the Year. Noted for its outstanding participation and support of WBMA, Spokane, Wash.–based Central PreMix has been an active member of WBMA for 20 years; Mancheni, a salesman, is a member of the association's Supplier Council and is vice chairman.