Canadian timber company names new CEO
Eacom Timber Corp., a manufacturer and marketer of lumber related products in Eastern Canada, announced the appointment of Kevin Edgson as president and CEO, replacing CEO Rick Doman who will serve as chairman of the board of directors.
The move took effect Dec. 1.
In prepared statement, Doman said: "The board of directors of Eacom and I are very pleased to welcome Kevin to join the company as CEO. Kevin has been involved in the forest products industry for 27 years and is joining us after serving most recently as CFO of Millar Western Forest Products.”
Privately held Eacom owns eight sawmills, all located in eastern Canada.
Beacon CEO Paul Isabella points to progress
Peabody, Mass.-based Beacon Roofing Supply CEO Paul Isabella added color to his company’s record sales performance for the quarter and the full year.
For the quarter, residential sales were up 4.8%, commercial sales were up 8.3%, and complementary sales were up 3.4%. “This marks two consecutive quarters where all three product lines have seen positive organic growth, 1.2% last quarter and 6% this quarter.”
He described the company’s market as “large and growing.”
Earnings for the company were below expectations, “but considering the competitive price pressure we felt, we feel good about our progress.”
Net income for the fourth quarter was $27.4 million compared with $27.9 million in 2012.
Russin Lumber picks up California Redwood Co.
In a move aimed at expanding its presence in the Northeast, California Redwood Company has entered into a distributor relationship with Russin Lumber.
“Russin Lumber has a fine reputation in New England and the Mid-Atlantic as a wholesale distributor of building materials, and we are pleased to have been selected to provide them with our high-quality redwood products and strong customer service,” said Ray Barbee, VP sales and marketing.
Russin Lumber will distribute a full product line in the 13-state region to meet existing demand for renewable, recyclable redwood on the East Coast.
Clear All Heart, All Heart B Grade and Classic Heart lumber are all on tap for Russin Lumber’s entry into the market.