Beacon shifts HQ to its Herndon, Va., corporate offices
Beacon Roofing Supply is moving its corporate headquarters from Peabody, Mass., to its Herndon, Va., corporate offices at 505 Huntmar Park Dr.
Beacon president and CEO Paul Isabella cited the start of the 2014 fiscal year, as well as the recent appointment of CFO Joe Nowicki, as fortuitous circumstances for relocation.
"Having Beacon’s finance team join our human resources, information technology, legal, and sales and marketing team leaders in Herndon, Virginia for the first time will allow us to provide even more effective support for our operating regions through more efficient communication and improved team building, exchange of ideas and personal interaction," added Isabella. "This is a small but important step in executing our long-term growth plan.”
Beacon currently operates 236 branches across 39 states and six provinces in Canada.
Masonite elects Rick Mills to its board of directors
Rick J. Mills has been appointed a member of Masonite International’s board of directors, as well as the board’s Audit Committee, effective immediately.
“I am honored to join the Masonite Board and work with this exceptional team,” Mills said. “Masonite has been a leader across the door industry for decades and I look forward to sharing my experiences and contributing to the future direction and growth of the company.”
Mills, who was formerly corporate VP and president of the Components Group of Cummins, represents the Board’s eighth member and will replace chairman Robert J. Byrne, who resigned from the Audit Committee.
“Rick brings a wealth of experience from his extensive involvement with a successful global manufacturing company," said Byrne. "He is a welcome addition to our Board."
Mills had a 37-year run with Cummins in various financial and operational capacities. He also serves as a director of Commercial Metals Company and Flowserve Corporation.
Toro closes deal with Xiamen Xiangfeng
The Toro Company has completed its acquisition of Xiamen Xiangfeng Water Saving Equipment Co., Ltd., a Xiamen City-based irrigation products manufacturer.
The strategic move seeks to strengthen Toro’s position in China, which is a major growth market for micro irrigation. The company also recently built a micro irrigation manufacturing facility in Romania.
“As we look to the future, water availability and increasing demand for food are driving awareness for the importance of more efficient forms of irrigation,” said Michael Drazan, vice president of Toro’s Global Micro Irrigation Business. “Toro’s worldwide agricultural micro irrigation business meets this challenge by delivering high-quality solutions for growers.”
Bloomington, Minn.-based Toro’s initial entry into the market began with its acquisition of James Hardie Irrigation in 1996, continuing with the development of drip technologies and investments.
The specific terms of the Xiamen Xiangfeng transaction remain undisclosed.