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3M expands Novec manufacturing facility

BY HBSDealer Staff

St. Paul, Minn.-based 3M is breaking ground on an expansion at its Cordova, Ill., facility, which manufactures specialty chemicals and adhesives, including 3M’s Novec brand products.

“The Cordova expansion represents a significant investment by 3M into U.S. manufacturing and supports sustainability due to the excellent environmental characteristics of the 3M Novec brand line,” said Joe Koch, business director for 3M Electronics Markets Materials Division. “The added capacity will allow 3M to stay ahead of market demand for sustainable chemistries, and it will help customers manage their environmental footprint by enabling replacement of ODS and GHGs.”

Novec products are designed as a safe, sustainable chemistry to replace ozone depleting substances (ODS) and potent greenhouse gases (GHG), according to 3M. The line includes Novec Engineered Fluids and Novec 1230 Fire Protection Fluid.

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Lumber Liquidators elects Jimmie Wade to board of directors

BY HBSDealer Staff

Lumber Liquidators has announced the election of Jimmie Wade as a Class III director, effective Sept. 1, 2011. Wade fills the opening on the board of directors left by Richard Tadler.

Wade is president of Advance Auto Parts, where he is responsible for store operations and Do-it-Yourself and Commercial businesses. Prior to that, he served as an EVP, accelerating the growth of Advance’s Commercial business. Before working at Advance, Wade worked for S.H. Heironimus, a regional department store, as VP finance and operations. 

"We are excited and pleased to welcome Jim to our board of directors. We look forward to drawing on the knowledge and skills that he has developed through his years as a business leader,” said Jeffrey Griffiths, Lumber Liquidators CEO. “We believe his broad and extensive experience with a growing retail company will be an asset to our board as the company continues to expand its operations."

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Pair of veterans land big contract at Home Depot

BY Brae Canlen

Two 40-year-old military veterans, boyhood friends who grew up in Bloomington, Ind., have sold a new antimicrobial product to Home Depot after developing it in a regional think tank, according to an article in the Indianapolis Business Journal. 

HomeDepot.com has begun carrying “Ultra 7,” a mold and bacteria killer and inhibiter meant to compete with Lysol, Microban and other sanitizers. Nate Richardson and Dave Parker, founders of Coeus Technology, took three years to develop and market the product, with some help from the other business park tenants at the Flagship Enterprise Center, a technology-based incubator created by Anderson University and the city of Anderson.

Richardson served in the Army (including a stint in Iraq) and Parker served in the Air Force before they met up again and began discussing the market for environmentally friendly antimicrobial products. They developed “mono-foil” technology, an alternative to the more commonly used triclosan, and launched the product in July through Home Depot, where anyone can purchase a quart for $12.97. Coeus, which is already profitable, has also been selling its product to janitorial firms and for use in textile manufacturing.

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