84 Lumber to close in Fruitland, Md.
National pro dealer 84 Lumber will close its yard in Fruitland, Md., one of the prime commercial real estate spots in the area, according to an article in the Daily Times.
A purchasing agreement is already in the works for the five-acre site, which was the former home to Masten Lumber & Supply Co. The new owners hope to develop a mixed-use restaurant and retail project at the busy intersection.
The sale is scheduled to finalize for an undisclosed amount early this month, with a store-closing sale next month, the newspaper reported.
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Allied Building Products completes three acquisitions
Allied Building Products Corp. has recently completed three acquisitions: Ivan Supply Co.; the Smyrna, Ga., branch of American Wholesale; and Pacific Source.
Philadelphia-based Ivan Supply Co. is a privately held, four-branch distributor of roofing and siding. It was founded in 1981 by Ivan Tancredi.
“Ivan Supply employees are some of the best in the industry, which makes the acquisition by Allied such a natural fit,” Tancredi said. “Two great companies with well-educated employees all focused on one goal: helping our customers succeed.”
American Wholesale, a residential siding staple in the Southeast, was founded in 1991 by Terry Ferrero. The Smyrna location will be managed by John Baumgartner.
Pacific Source, which serves Hawaii, is a privately held building materials distributor based out of Snohomish, Wash. The company was founded in 1992 by five owners: Kim Halverson, Rob Bruce, Carol Kinison, Mark Mason and Doug Martin.
"We are excited to be a part of the Allied Team and are confident that the Hawaii community will be better served as a result of the acquisition," Mason said.
With branch operations on the Big Island of Hawaii, Kauai and Maui, Pacific Source provides building materials to homeowners in Hawaii.
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New Trex Enhance decking product launched
Winchester, Va.-based Trex Co. launched the new Trex Enhance high-performance composite decking.
The new product will be positioned between Trex Accents and Transcend in the company’s good, better, best decking line-up, according to CEO Ronald Kaplan.
"Trex Enhance will both expand and strengthen our high-performance decking portfolio and provide consumers with a composite product that features a multitude of innovative features," said Kaplan.
Enhance won’t rot, warp, crack or splinter, and its three-sided shell protects against staining, fading and mold, Trex said. It comes in a deep charcoal Clam Shell color and a Beach Dune, described as warm, honey brown.
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Composite Deck materials can provide homeowners a beautiful wood look without wood's hassles. And these are also quick and easy to install, with self-spacing tongue and groove designs. Austin Custom Home Builder
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