Armstrong sells Patriot Flooring Supply
Lancaster, Pa.-based Armstrong World Industries sold Patriot Flooring Supply to The Belknap White Group, a 35-year-old flooring distributor operating in New England and upstate New York.
The transaction closed on Sept. 1, 2012, the company announced Wednesday. Patriot, a flooring sales and distribution business that employs 65 people in Wilmington, Mass., and Pompton Plains, N.J., serves the New England, metropolitan New York and Northern New Jersey markets.
Frank Ready, CEO of Armstrong Flooring Products, said in a prepared statement: "Armstrong’s strategy is to focus on our core businesses — flooring and ceilings. Patriot distributes hardwood and laminate flooring, and we’re in the business of making and marketing floors. So this is a strategic decision that makes sense for all three parties –Armstrong, Patriot and The Belknap White Group. With Patriot, Belknap can strengthen the operations of both businesses for the benefit of the customers they serve in the Northeast. And we will continue to drive our business in North America and around the world for the benefit of all of our stakeholders."
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Boise to carry AZEK in Mid-Atlantic
Boise Cascade’s Building Materials Distribution will begin carrying all AZEK product lines through its Baltimore, Md. facility, making them available to Boise’s customers throughout the Maryland, Virginia, Delaware, Central Pennsylvania and Eastern West Virginia.
The AZEK products offered will include AZEK exterior building trim, mouldings; decking, porch and railing products. In the past year, AZEK composite pavers have been added to the line-up.
In a prepared statement, Stan Bell, president of Boise Cascade’s Building Materials Distribution division, said: “Boise is proud to align with the AZEK brand and the quality and performance it represents." Mike Nutile, the Baltimore branch manager for Boise Cascade, added: "With the sophisticated market areas we service, including many high-end metropolitan markets, AZEK is a perfect fit and aligns very nicely with our portfolio of value-added building products."
“We look forward to having Boise Cascade help us achieve our sales goals in the Mid-Atlantic region by bringing these new AZEK products to market,” said Jim Gross, VP sales, AZEK Building Products. Gross added that Parksite continues to service and distribute the full line of AZEK products in the Mid-Atlantic region.
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West Coast construction firm goes up for auction
FTR International, a Southern California-based general contractor whose projects included public works, highways, schools, universities, stadiums and police stations, will be sold off in pieces on Sept. 13 when its physical assets are auctioned by Tiger Remarketing Services.
More than 1,000 lots of supplies and equipment from FTR’s main warehouse in Santa Ana as well as an annex yard are now being previewed. They include construction equipment, such as loaders, fork and scissor lifts, compaction equipment, air compressors and generators. A number of assorted power and pneumatic tools are also being offered.
Tiger Remarketing Services is conducting the auction on behalf of secured creditor East West Bank. Available rolling stock includes a fully loaded 2007 GMC Sierra 3500 4×4 pickup and a 14-ft., dual-axle Hallmark enclosed trailer.
Thousands of electrical supply items, such as boxes, couplers, receptacles and connectors, are on the auction block, along with hundreds of spools of wire, fluorescent light fixtures, power and extension cords, and portable power boxes. Other available items include extension and A-frame ladders, rakes, shovels, hammers, wheelbarrows, various plumbing supplies, pallet racking, adjustable shelving, job boxes, pallet jacks, warehouse fans, dollies, portable heaters and more.
Lastly, the office furniture and equipment includes desks, file cabinets, conference tables, chairs, bookshelves, network servers and racks, computers, printers, scanners, copiers, refrigerators and phone systems.
“Bidders will find items that would appeal to construction companies and general contractors, as well as plumbing/HVAC contractors, paving and road construction companies, electrical contractors, distributors, independent DIY retailers, and businesses setting up warehouses or offices," said Jeff Tanenbaum, president of Tiger Remarketing Services.
Bidding is now under way and will close in rapid succession, live-auction style, on Sept. 13 at 10:30 a.m.
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