Bill Bollin of Bostwick-Braun receives lifetime honor
Bill Bollin, chairman and CEO of The Bostwick-Braun Co., was honored with a Lifetime of Achievement award on Nov. 3 by the PRO Group at its annual Executive Planning Conference in Naples, Fla.
Bollin joined the Toledo, Ohio-based Bostwick-Braun Co. in 1970, working in the warehouse and later moving on to shipping, office support, data processing, purchasing, management and all the way to his current position as chairman.
He oversaw many significant changes for the distributor, including transitioning from private ownership to an employee stock ownership plan, progressing from data processing punch cards to the launch of a turnkey point-of-sales system, and moving Toledo’s outdated distribution center to a new 300,000-sq.-ft. warehouse in Ashley, Ind.
Under Bollin’s leadership, the company grew its hardware presence from eight states in the Midwest to 18 states across the country. Bostwick-Braun acquired Steel City Products in 2006, expanding the company’s reach into automotive products, pet products and lawn and garden. Four years later, the company purchased Southern Hardware in West Helena, Ark., expanding its hardware reach. That same year, 2010, the company acquired JMC Sales and Engineering, expanding the wholesaler’s manufacturing offerings.
Steve Synnott, president and CEO of PRO Group, presented the award to Bollin, noting how Lifetime of Achievements awards are often associated with retirement. But in this case, PRO Group wanted to recognize Bollin — who has no immediate plans to retire — for his continuing impact while he is still at the helm of Bostwick-Braun.
Synnott credited Bollin with shaping the company, setting the tone for a can-do and thrifty culture “[that] demands careful analysis and thoughtful implementation.”
“The result is a company that has made money every single month since January of 1987,” Synnott said. “Think about the enormity of that accomplishment. That’s 286 consecutive months of profit generation. Coincidentally, Bill Bollin was promoted to executive VP over all operations in late-1986.”
Synnott added that a $1,000 stake in Bostwick-Braun in 1986 is now valued at more than $110,000.
Dorcy introduces its brightest flashlight yet
Columbus, Ohio-based Dorcy, the flashlight leader, introduced the Dorcy Metal Gear XLM (extreme lumen) LED aluminum flashlight. Producing 618 lumens from a single LED chip, the new high-performance flashlight provides a beam distance of up to 1,100 ft.
Operating on six AA alkaline batteries that drive a Cree XM-L LED module, the new LED flashlight will run for more than five hours on its high setting and more than 25 hours on low, the company said. The LED aluminum flashlight is machined from aerospace grade anodized material. It features Dorcy’s TrueSpot Optimized Reflector System and a side-mounted push button switch with high and low setting. The 41-0435 is Dorcy’s brightest flashlight; it has been tested to the new ANSI FL1 flashlight standards and is IPX-4 water resistant. The new LED aluminum flashlight measures 9 ins. by 1.5 ins. and weighs in at 9.9 ounces (15.5 ounces with batteries).
Home Depot begins major expansion on Dallas DC
Home Depot has begun construction on a 1.18 million-sq.-ft. warehouse in South Dallas, according to an article in the Dallas Business Journal.
The $20 million expansion will add to Home Depot’s 531,000 sq. ft. of distribution space in South Dallas and includes tenant improvements and real property. The Atlanta retailer’s warehouse has been located at the leased site since 2007.
Construction is scheduled for completion in 2012. An estimated 250 jobs will result from the expansion, according to city documents.
The city of Dallas has agreed to grant Home Depot more than $4 million in property tax abatements on business personal property for 10 years. The DeSoto Economic Development Corp. and Dallas County also contributed more than $2 million of incentives for the facility, the newspaper reported.
Trammell Crow, which is leasing the entire South Dallas site to Home Depot and also developing the project, received nearly $2.5 million through an affiliate for improvements to the road and site infrastructure, according to city of Dallas documents.