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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Seeger Weiss LLP has extensive experience representing consumers across the country. We are currently investigating claims for a class action suit against Azek for defective decking and trim boards. If you or someone you know has defective Azek product, please contact us at www.seegerweiss.com free of charge to discuss your situation.
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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Losses narrow, sales gain at HD Supply
HD Supply reported net sales for its second fiscal quarter of $2.06 billion, an increase of 10.1% over sales of $1.87 billion in the same quarter of 2011. Net loss for the quarter, which ended July 29, 2012, was $56 million, compared with $101 million a year ago.
Highlights of the quarter include the June 2012 acquisition of Peachtree Business Products, a Marietta, Ga., company that provides customizable business and property marketing supplies to residential and commercial property managers, medical facilities, schools and universities, churches and funeral homes. Peachtree is being operated as part of HD Supply’s Facilities Maintenance business.
According to the company, net sales and adjusted EBITDA grew in all four of the company’s core businesses: Facilities Maintenance, Waterworks, Power Solutions (formerly Utilities/Electrical) and White Cap. Loss from continuing operations for the second quarter of fiscal 2012 was $56 million, an improvement of $45 million as compared with the second quarter of fiscal 2011.
“Over the last two years, we’ve experienced substantive net sales and adjusted EBITDA growth, and that trend has continued into the first half of fiscal 2012,” said Joe DeAngelo, CEO of HD Supply. “We’re excited with the recent purchase of Peachtree Business Products, a niche, bolt-on acquisition that brings even further scale and product depth for our Facilities Maintenance business. As we seek to grow our business in both organic and inorganic ways, our focus remains relentless on deepening our customers’ experience and relationships.”
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