DATATRAC: Home Center and Hardware Chains – August 2017

Personnel Updates

• Boise Cascade promoted Jill Twedt to VP of Legal.

• Builders FirstSource CEO Floyd Sherman will retire at the end of the year. Current President and COO Chad Crow will take over as CEO.

Industry Insight

• Louisiana-Pacific acquired International Barrier Technology Inc., a flame-retardant coatings manufacturer.

• Lowe’s is laying off an undisclosed number of delivery personnel across the US as it switches to the use of third-party delivery providers. Lowe’s has yet to comment on which locations are affected and the total number of layoffs.

• Sears Holdings announced that it is expanding distribution of Kenmore appliances by selling them on Amazon.com. The company will also synch its Kenmore Smart appliances with Amazon’s voice-command Alexa program.

• US LBM Holdings filed a preliminary prospectus with the SEC in preparation for its initial public offering.

Mergers and Acquisitions

• Foundation Building Materials acquired American Wal-Board, LLC.

• Guerry Lumber Co. (Savanah, GA) acquired HomeSouth Architectural, a provider of custom trim, millwork, and architectural windows and doors.

Real Estate

• 84 Lumber officially opened a new Tampa-area location in Ruskin, FL and a new location in Greensboro, SC.

• Ace Hardware member Costello’s Ace Hardware opened its 29^th location Melville, NY.

• Carter Lumber is building a new Kight Home Center in Bowling Green, KY.

• Ganahl Lumber Co. opened its 10^th location in Torrance, CA.

• McCoy’s Building Supply purchased a reload facility in Burnet, TX.

• Parr Lumber acquired a property that will become a second Quality Truss location.

• Tractor Supply Co. opened 14 new stores in its second quarter. The company also broke ground in Frankfort, NY on what will be its eighth DC.

Mike Baker

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