AZEK crosses half-million tires milestone
Scranton, Pa.-based AZEK Pavers, which offers a hardscape solution for backyards and driveways, has hit a milestone by diverting more than a half million scrap tires from landfills, the company announced
Made with up to 95% recycled content, AZEK Pavers’ manufacturing to date is responsible for keeping more than 10 million pounds of scrap rubber and plastics out of U.S. landfills by utilizing recycled material from more than 535,000 scrap tires and 16 million plastic food containers and DVD cases. The AZEK Paver manufacturing process also uses 95% less energy and produces 96% less in CO2 emissions than the production of conventional concrete pavers, the company said.
AZEK Pavers, previously VAST Pavers, was first introduced to the market in 2007. In December 2012, AZEK Building Products completed its purchase of VAST Enterprises and the national rollout of the AZEK Paver product line.
Snavely hires sales representative
Pittsburgh-based Snavely Forest Products named Brett Kerr as the company’s newest mass merchant representative.
The company said Kerr brings experience from the logistics industry and is a graduate of California University of Pennsylvania with a degree in business administration.
“Brett is a welcomed addition to our Pittsburgh team,” said John DiGnazio, general manager, Snavely Forest Products. “I am impressed with his professional record and can see his genuine interest in growing with our industry.”
LBM distributor Snavely has sales and distribution facilities in Pittsburgh; Westminster, Md.; Dallas; Denver; and Liberty, N.C.
At ABC Supply, shares return to co-founder
Beloit, Wis.-based ABC Supply Holding Corp., the parent company of American Builders & Contractors Supply Co. (“ABC Supply”), has entered into a definitive agreement to redeem all of the shares held by its minority shareholders, an investor group led by Advent International.
Upon the closing of the transaction, 100% of the shares of ABC Supply will be controlled by the company’s co-founder, Diane M. Hendricks.
This transaction will bring a successful partnership with Advent to its natural conclusion. In 2010, Advent sponsored ABC Supply’s acquisition of its portfolio company, Bradco Supply, and became a large minority shareholder. After a very successful integration and nearly three years of strong financial performance, Advent and other minority holders are exiting the investment.
“I believe that the combination of ABC and Bradco and our partnership with Advent have been extremely positive and have served all parties very well,” Hendricks said.
David Luck, CEO and president of ABC Supply, continued: “We are pleased that our operating performance has allowed both majority and minority shareholders to accelerate their plans for the share redemption.”
The transaction is expected to close in April.
ABC operates more than 450 branches in 45 states. Sales exceeded $4.6 billion in 2012.