BlueLinx and CCA Global form partnership
BlueLinx Holdings, one of the industry’s leading building materials distributors, has entered into a logistics partnership with CCA Global Partners, a $10.2 billion organization of flooring retailers, buying groups and other affiliates.
Under the long-term agreement, BlueLinx will deliver CCA Global’s private label flooring line, called Global Direct, to the company’s nationwide network of more than 2,300 retailers. Utilizing its sales force, BlueLinx will create demand for the Global Direct flooring line as well as provide customer service, manage inventory and accounts receivable.
CCA Global will continue to source and own the inventory, which includes approximately 100 skus of solid and engineered wood, laminate and cork flooring. BlueLinx has exclusive rights to distribute the CCA Global Direct flooring line, including delivery of cartons, pallets, truckloads and direct containers.
“This is a ground breaking relationship for CCA Global and an innovative development for our industry,” said Jim Gould, CCA Global chief product officer. “We have worked with BlueLinx for the past year and have been impressed with their capabilities. Our new, expanded relationship allows us to globally source products and leverage BlueLinx’s expertise to manage the sales and inventory process across America, providing just-in-time local delivery.”
George Judd, BlueLinx president and chief operating officer, noted some additional opportunities for his Atlanta-based firm. “BlueLinx is well positioned to offer CCA Global business owners ancillary products that accompany the sale of flooring products, including mouldings, underlayment, fasteners and tools, as well as unfinished hardwood,” he said.
Universal Forest Products sees weaker Q2
Universal Forest Products, maker of engineered wood and building materials, had lower sales and earnings in the second quarter, due to lower lumber prices tied to a weak housing market.
Earnings for the second quarter fell to $16.8 million from $27.3 million in last year’s second quarter, a 38.5 percent decline. Sales fell 6.5 percent, to $773.1 million from $826.8 million last year.
The company saw a 30 percent drop in revenue from its site-built construction business, while other markets saw sales growth, including retail, industrial and manufactured housing.
“We’re disappointed with any decrease in performance, but these results also underscore the strength of our balanced business model,” said president and CEO Michael Glenn.
Universal Forest Products, based in Grand Rapids, Mich., markets, manufactures and engineers wood and wood products.
Acacia Research Corp., a developer of computer technologies including those related to fraud protection, said it has entered into a license agreement with Lowe’s.
Terms of the deal were not disclosed.
Acacia will provide credit card fraud protection technology through its subsidiary, Financial Systems Innovation LLC.
The agreement will provide for a computerized system for protecting consumers using credit, debit or check cards in a transaction.
Newport Beach, Calif.-based Acacia provides a variety of computer-based services, including credit card protection, database management, broadcast data retrieval and more.