Wood products supplier Weyerhaeuser reported net sales of $1.61 million for the fourth quarter of 2011, a 3% decrease over net sales of $1.66 million in the same quarter of 2010. Net earnings for the quarter, which ended Dec. 31, 2011, were $65 million, compared with $1.71 billion in the fourth quarter of 2010. Earnings [...]
Wilfred “Bubber” Gross Jr. Wilfred “Bubber” Gross Jr., CEO of W.T. Harvey Lumber Co. in Columbus, Ga., passed away on Jan. 25 from cancer. He was 83 years old. Gross joined the 149-year-old business after serving in the U.S. Air Force as a Lieutenant, according to his obituary. He was named CEO in 1953. Gross [...]
CalStar Products, a manufacturer of low-energy, low-CO2 masonry products, has hired Joel Rood as its new CEO. Rood has worked in the building products and materials industry for 15 years, most recently as general manager for CertainTeed Canada. He also served as general manager of the southern U.S. division at James Hardie Corp. Rood’s previous [...]
ProBuild Holdings has announced the appointment of Robert Marchbank, the former CEO of European operations for Wolseley, as its new CEO. Fred Marino, who had filled the role of interim CEO for the past several months, will continue to serve as vice chairman of the company’s board of directors. “Rob has been in the industry [...]
Nucor Corp. will close its Nuconsteel division and no longer fabricate light gauge steel framing used in residential and commercial structures, the company has announced. Nuconsteel has operations in Denton, Texas, and Dallas, Ga. Nucor entered the light gauge steel framing business in November 2001 with the acquisition of Itec Steel, which became Nuconsteel shortly [...]
Mooresville, N.C.-based Lowe’s acquired ATG Stores, an online retailer of home improvement and lifestyle products based in Kirkland, Wash. The acquisition, announced Thursday morning, “underscores Lowe’s commitment to providing an endless aisle of products,” the company said. The move is part of an effort to boost the retailer’s online and multi-channel presence. As Lowe’s explains [...]
An advisory group to the ANSI Board of Standards has recommended that gas fireplaces or heaters with glass fronts contain a barrier to protect children or other at-risk individuals. The CSA – America Vented Heater Technical Advisory Group met in Cleveland on Dec. 13 and approved the language for a revised standard, which now goes [...]
Stormy weather around the country had something to do with Home Depot’s third-quarter sales gain of 2.9%. So did strength in core categories. The world’s largest home improvement retailer posted a 4.2% comp-store sales gain for the quarter ended Oct. 30. Total sales increased 2.9% to $17.326 billion. And even bigger growth came in the [...]
Mooresville, N.C.-based home improvement giant Lowe’s reported net earnings of $225 million for the quarter ended Oct. 28, a 44.3% decline from the same period a year ago. Sales for the quarter increased 2.3% to $11.9 billion, up from $11.6 billion in the third quarter of 2010. For the nine months, sales were $38.6 billion, [...]
