Boise relocates N.H. facility
Boise Cascade’s Building Materials Distribution has moved its Portsmouth, N.H., operation into an expanded distribution facility in Greenland, N.H., the company announced. The new facility, located four miles away, includes 15 acres of yard space, 120,000 sq. ft. of warehouse space and 9,000 sq. ft. of office space.
In a prepared statement, John Tiano, manager of the Portsmouth operation, said the increased capacity “is going to allow us to significantly increase our product offering. We think this will provide great opportunity for both our customers and our suppliers.”
New CFO named at Kleer Lumber
Manufacturer Kleer Lumber has announced the appointment of Tom Demers as its first chief financial officer. Demers is a charter employee of Kleer Lumber, and previously served as the company’s VP finance. In his new role, Demers will focus on improving operational efficiencies and service levels and will strive to maintain Kleer’s competitive position for its expanding customer base. He reports directly to company president and CEO Walt Valentine.
Moving forward, all of Kleer Lumber operations will report to Demers. Jack Delaney, senior VP sales and marketing, will report directly to Valentine.
Headquartered in Westfield, Mass., Kleer Lumber is a manufacturer of free foam cellular PVC building products, including trimboard and molding.
The company increased its overall production by 40% last year and introduced new decking, adhesive and fastener product lines.
PulteGroup sells land assets in Colorado
Bloomfield Hills, Mich.-based PulteGroup has completed the sale of land approved for about 1,500 residences in Broomfield, Colo., to Wheelock Street Capital, a private real estate investment firm.
The transaction is for the remaining developed lots and undeveloped land in Anthem, Colo., a 1,700-acre master planned community in the northwest Denver metro area. The master plan includes Anthem Ranch and Anthem Highlands communities.
Terms of the transaction were not disclosed.
"We are very proud of the Anthem Highlands and Anthem Ranch communities, which are known for their spectacular array of amenities and for being a great place to call home," said Patrick Beirne, PulteGroup West Area president. "This sale is consistent with PulteGroup’s capital allocation strategy and overall focus on driving greater returns on invested capital."
Wheelock principal Dan Green said that Wheelock’s Denver partner, Jeff Handlin of Oread Capital and Development, would manage Anthem’s future development.
PulteGroup will maintain local customer service teams at Anthem and continue to provide warranty service to its current homeowners.