Adams chair rocks and stacks
Pointing to design and engineering advances, Portersville, Pennsylvania-based Adams Manufacturing says it has created a stackable resin rocking chair that delivers the look, strength and functionality of more expensive traditional wooden and polyethylene rockers, but at a fraction of the cost.
The MSRP is under $50.
“Many of today’s current rocker designs are either too expensive, too bulky, require assembly or they can’t stack,” the company said.
The product Adams’ Big Easy Stacking Resin Rocking Chair won the 2015 National Hardware Show American Manufacturing Award for Best New Product after being selected by a panel of industry judges.
“The curved seat and comforting back support delivers a relaxation that rivals the classic wooden rockers of yesteryear, incorporating a smooth and peaceful rocking action,” the company said.
It was chosen over hundreds of other manufacturers’ new and innovative products — collectively representing millions of dollars in research and development budgets.
The rocker is ASTM-rated to hold 350 lbs.
Promotion at Ace headquarters
Oak Brook, Illinois-based Ace Hardware Corp. promoted Tom Molleur to the position of VP distribution.
Reporting to Lori Bossmann, Ace’s executive VP supply chain, Molleur will oversee the operations of Ace Hardware’s 14 retail support centers, as well as its transportation, including six crossdock locations and engineering departments.
“We are thrilled to have Tom, a distinguished supply chain professional, join the Ace Hardware distribution team,” said Bossmann. “By leveraging a myriad of outside experience in the supply chain realm, Tom’s extensive background in logistics and strategic distribution management will make an immediate impact on the efficiency of Ace Hardware’s operations.”
Molleur, 48, first joined Ace Hardware in 1986 and began his 12-year tenure with the co-op as a distribution manager, working at several of Ace’s retail support centers. Previously, he served as the chief operating officer for Leancor Supply Chain Group and VP supply chain for Saint-Gobain/Norton Abrasives.
At Stanley Black & Decker, tool sales are up
Net earnings are up, and sales would be up, at Stanley Black & Decker, if not for the impact of currency rates in foreign markets.
As it stands, Stanley posted second-quarter net sales of $2.9 billion, flat compared with the same quarter last year. Net earnings of $227.2 million were up from $26.5 million in last year’s second quarter.
“Organic growth and operating leverage were strong across most of the business, innovation is robust, and the organization remains agile, giving us confidence in our ability to navigate the uncertain currency and macro conditions we expect to continue to face in the back half of this year, and positioning us to meet our updated full-year financial commitments,” said John Lundgren, Stanley Black & Decker chairman and CEO.
Sales increased 4% in the company’s Tools & Storage segment, with sales up 14% in North America, up 7% in Europe and up 5% in emerging markets. It was the fourth consecutive quarter of double-digit organic growth for North America tools and storage.
The company’s other two segments — security and industrial — posted net sales declines of 7% and 4%.
The company also raised its outlook for earnings. It now expects 2015 earnings per share to finish in the range of $5.70 to $5.90.