84 Lumber promotes Baker
Eighty Four, Pa.-based 84 Lumber Co. promoted Don Baker to the position of VP of talent acquisition. Baker has been with 84 Lumber for over 25 years starting his career in the store operations department and rising through the ranks to area and regional manager. Since 2001, Don has been in charge of 84 Lumber’s executive recruiting.
“With the continued recovery of the housing industry, it will be of utmost importance that we are positioned to attract and recruit talented, professional, and energetic managers and sales professionals to our company,” said 84 Lumber chief operating officer Frank Cicero. “Don brings a wealth of experience to the position that will help us to continue to grow.”
The company operates more than 255 stores and component manufacturing facilities and employs more than 4,000 associates.
Eastman Chemical discontinues Perennial Wood
Perennial Wood was once touted as a “modified” lumber product and next-generation decking material.
After a two-year run, it is being discontinued.
Kingsport, Tenn.-based Eastman Chemical Co. has decided to discontinue the Perennial Wood product line and business operations, the company announced today.
“A lot of talented Eastman employees and external partners worked very hard on this project, and this outcome is not a reflection of their dedication or hard work,” said Tim Dell, VP innovation, marketing, sales and pricing at Eastman. “Additionally, this decision was not made based on product performance, but rather on the challenging economics of the product market.”
Perennial Wood was introduced to the building and construction trade back at the 2012 International Builders’ Show. It was described as real wood with a modified cell structure that made it more stable and durable than “unmodified” wood.
With no signs of an imminent discontinuation, the Eastman Chemical published the winners of the Perrenial Wood Pro Challenge Deck of the Year in November.
Eastman said it will honor the 25-year limited residential warranty for product sold at retail under the Perennial Wood brand name. It also said the company remains “committed to ongoing professional relationships with its customers and will provide continued support during this transitional time.”
The company added that the building and construction market remains a priority and this decision does not impact other Eastman products.
Weyerhaeuser posts a strong 2013
Federal Way, Wash.-based Weyerhaeuser posted net earnings of $540 million for the full year 2013, up from $385 million in 2012.
Net sales for the year were $8.5 billion, up from $7.1 billion in 2012.
The company noted that in 2013 it doubled earnings before special items, increased its per share dividend by nearly 30% and announced a deal to combine its real estate operation with TRI Pointe Homes. It also acquired about 645,000 acres of timberlands in the Pacific Northwest through the purchase of Longview Timber.
"As 2014 begins, we are relentlessly focused on driving operational excellence to fully capitalize on improving markets and deliver value to our shareholders," said President and CEO Doyle Simons.
In the fourth quarter, Weyerhaeuser’s net sales were $2.26 billion, up from $2.00 billion in the same quarter last year. Fourth quarter net earnings declined from $143 million in last year’s quarter, to $43 million.