ABC Supply acquires JB Supply facility
Beloit, Wis.-based ABC Supply Co. has acquired the inventory and select equipment previously owned by JB Supply Co., a distributor of roofing, siding and other exterior building products in Flint, Mich.
JB Supply had one location at 3497 Dolan Dr. in Flint.
The former JB Supply facility will operate as an ABC Supply branch. It will be ABC Supply’s first facility in Flint and fills a geographic gap between the company’s locations in Saginaw, Mich., to the northwest and the Detroit metropolitan market to the southeast.
“This acquisition gives us a presence in this part of the Flint/Tri-Cities region of Michigan for the first time,” said ABC Supply’s CEO David Luck. “It continues our expansion in Michigan and builds on our acquisition earlier this year of Lee Wholesale Supply and its four locations in the Detroit market area, allowing us to provide more seamless service to contractors throughout this area of the state.”
Terms of the deal were not revealed.
The Flint branch will continue to offer a wide variety of steep-slope roofing products, as well as siding, low-slope roofing systems, gutter, windows and doors. That product offering will also be expanded with additional, complementary, products and services, said Jim Welch, VP of ABC Supply’s Midwest Region.
“We’re excited to become part of the Flint community,” Welch said. “We welcome the former JB Supply team and their customers to the ABC Supply family and look forward to working with them.”
Headquartered in Beloit, Wis., ABC Supply has more than 450 branches in 45 states.
Cedar Creek completes buyout in Springfield, Mo.
Oklahoma City-based Cedar Creek announced the completion of the buyout of its financial partners at their Springfield, Mo., location.
Cedar Creek will now own that location outright.
D.Wayne Trousdale, Cedar Creek’s chief operating officer, said: “We are pleased to finalize this transaction as we continue to look for ways to grow our footprint across the U.S.”
Cedar Creek is a leading wholesale building material distribution company with 14 locations covering 20 states in the Mid-South, Midwest and Southeast. In May 2010, Cedar Creek was recapitalized by Boston-based Charlesbank Capital Partners, with the goal of providing flexible capital for the company to grow beyond its current trade areas.
Boardwalk town rebuilds with TimberTech
The ribbon-cutting ceremony on the Spring Lake, N.J., boardwalk included Spring Lake Mayor Jennifer Naughton at Pier Beach and council members holding signs saying: “Spring Lake: Stronger Than the Storm.”
Mayor Naughton thanked city workers for bringing the Hurricane Sandy-battered boardwalk back to the community ahead of schedule.
The Spring Lake boardwalk was rebuilt using TimberTech, a splinter-free, low-maintenance, composite decking.
“TimberTech’s Docksider product, specifically designed for docks and boardwalks installed quickly and easily, and the crew said they liked the new composite better than the previous composite material,” said Bryan W. Dempsey, borough administrator.
The boardwalk is a traditional favorite of joggers and, at two miles long and 18 ft. wide, is the longest non-commercial boardwalk in New Jersey.