ABC Supply founder dies in accident
Ken Hendricks, founder, chairman and CEO of ABC Supply, passed away on Dec. 21 after falling from a construction site at his home in Afton, Wis. Hendricks was 66 years old.
The cause of death was a head injury.
According to a companys pokes person, Hendricks had just return ed home on a Thursday evening and was checking on the progress of an addition to his house. He fell from the flooring deck and was rushed to Rockville Memorial Hospital, where he died in surgery early the next morning.
Hendricks started his career as a roofer and went on to found the industry’s largest distributor of roofing materials, with 390 locations in 46 states. He and wife Diane established a number of businesses in the steel and aluminum manufacturing industries, as well as in insurance, pharmaceutical, real estate and logistics.
Hendricks was also a noted civic booster and philanthropist. Inc. Magazine named him its Entrepreneur of the Year in 2006. Forbes listed Hendricks in 91st place on its list of the richest people in the United States in 2006 with a net worth of $3.5 billion. He is survived by his wife and seven children, several of whom serve as executives at ABC Supply or its sister companies.
Head quartered in Beloit, Wis., ABC Supply also distributes siding, windows and other exterior building materials. The company ranked fifth on HCN’s Top 350 Pro Dealer scoreboard in 2007, with sales of $3 billion.
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FBMA elects new officers
The Florida Building Material Association (FBMA) has elected Brad Wanzenberg of Deerfield Builders Supply as its new chairman. Wanzenberg, whose term started on Jan. 1, is executive vp of the Tampa Bay chain, which operates locations in Deerfield Beach, Clearwater, Fort Meyers and Sarasota.
Other FBMA board of directors elected for 2009 include: Dennis Vlassis, Gulf Stream Builders Supply, as treasurer and the chairman-elect; Wade Jefferson, Beaver Door & Trim, as first vice chairman; Bridget Pulsifer, Mills & Nebraska, as secretary; and Don Magruder, Ro-Mac Lumber & Supply Company, as national dealer director and immediate past chairman.
Founded in 1920, FBMA represents building material dealers and suppliers throughout the state of Florida.
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Do it Best launches credit card program
Do it Best Corp. has partnered with Shoppers Charge Accounts Co. (SCA) to develop and administer a new private label credit card program for its dealer-members throughout the United States, SCA announced.
The new Do it Best credit card will provide such special features as 90-day and six-month “same-as-cash” extended payment terms.
“Through our partnership with Shopper’s Charge Accounts Co. we’ve had many members show interest in this program as a way to help them get away from house accounts, plus offer their customers new purchasing options such as 90 days, 6 months or 12 months same as cash,” said Chris Hill, interim retail programs coordinator for Do it Best.
Headquartered in Mahwah, N.J., Shoppers Charge Accounts Co. ranks among the nation’s largest private label credit card companies. A division of TD Banknorth, N.A., the company launches and administers new credit card portfolios for brick-and-mortar, Internet and catalog merchants, and acquires retailers’ existing credit card portfolios.
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