Anchor Peabody adds two former building products execs
Anchor Peabody, a private investment and financial advisory firm specializing in the U.S. building products and construction industry, has added Harold Stanton and Paul Haefcke to its advisory board.
Stanton is the former CEO of Pope & Talbot. His 40-year career in the wood products industry includes various executive leadership positions with Louisiana Pacific, International Paper and APA – The Engineered Wood Association.
“There are a lot of owners and operators of great businesses in our industry who want or need capital, or who need an adviser from a group who understands their business. Anchor Peabody clearly ‘gets it’, and I’m excited about the prospect of bringing our collective expertise to an industry full of good people.”
Haefcke, another 40-year industry veteran, began his career as a an entry-level employee at Allied Building Products in 1972, He has worked as CEO at Hammerhead Distribution, a private equity-backed holding company created to acquire and consolidate North American distributors of roofing, siding, windows, doors and other building materials for residential and commercial construction. He also held the CEO position at Shelter Distribution, a consolidator of building material distributors . At ABC Supply, Haefcke served as executive VP and head of purchasing.
“With all the consolidation happening in the distribution space, particularly in roofing and siding, it makes sense to surround yourself with a group of advisers who have actual experience in your business — both as an owner and an acquirer — as you contemplate who to partner with, or whether or not to sell,” Haefcke said.
Based in New York, Anchor Peabody offers equity capital, mergers and acquisitions advisory and debt advisory services. Adding Stanton and Haefcke to the firm’s advisory board will help “build Anchor Peabody’s name in the wood products manufacturing and specialty distribution spaces,” said company founder Jason Fraler.
James Hardie joins NLBMDA’s MSC
James Hardie Building Products joined the association’s Manufacturers and Services Council (MSC) of the National Lumber and Building Material Dealers Association (NLBMDA). The council is composed of the leading building material manufacturers and service providers serving the LBM industry.
NLBMDA’s MSC members are established industry leaders who supply products and services to lumber and building material dealers and regional chains across the nation. The council helps enhance the success of independent dealers and regional chains.
"The entire James Hardie team is looking forward to working together with the NLBMDA and individual member companies in the months and years ahead to successfully capture the significant mutual growth opportunities ahead of us," said Robb Rugg, VP strategic accounts for James Hardie.
Baillie Lumber makes acquisition
Baillie Lumber, the Hamburg, N.Y.-based producer of hardwood lumber, has purchased Wagner Lumber of Owego, N.Y. The purchase price was not disclosed.
According to its website, Wagner Lumber is the largest manufacturer of hardwood lumber in the northeast United States, with an annual total production of 60 million board feet. It operates three sawmills and one log yard in New York State.
Baillie Lumber is a manufacturer, distributor and exporter of hardwood logs, lumber and proprietary grade hardwood lumber products. It operates seven facilities throughout the eastern United States.
Matrix Capital Markets Group, a middle-market investment bank headquartered in Richmond, Va., served as exclusive financial adviser to Wagner.