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CCA Global Partners names co-CEO

BY HBSDEALER Staff

CCA Global Partners, the flooring and home improvement parent of Carpet One and Flooring America, has announced the appointment of Rick Bennet to the role of co-CEO.

Bennet will serve alongside co-CEO and chairman Howard Brodsky.

Bennet formerly served as president and CEO of department store chain Kaufmanns, as well as president and CEO of Famous-Barr department stores in St. Louis, where CCA Global Partners is headquartered. He served with May Department Stores for 27 years.

More recently, Bennet was president and CEO of Direct Holdings Worldwide, an international direct marketing business.

In addition, Bennet is on the board of directors of Drugstore.com and vice chairman of the Glacier National Park Foundation.

“I find Rick to be an outstanding individual and a person I look forward to working with,” Brodsky said. “I have gotten to know Rick very well. He is a strategic thinker, tactical operator and a developer of people.”

CCA Global’s former co-CEO, Alan Greenberg, died in August 2007 after a battle with cancer. He was 64.

Bennet currently lives in St. Louis and will be based out of CCA’s St. Louis headquarters.

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Lowe’s: now in 50 states

BY HBSDEALER Staff

Lowe’s officially opened the doors yesterday of its first Vermont store,in the city of Burlington, marking the retailer’s entry into all 50 U.S. states.

Spokeswoman Maureen Rich told the local newspaper Burlington Free Press that the retailer planned to hold off on a proper grand opening celebration until the spring, because of winter weather. “We’re very excited with this expansion. This is a milestone for Lowe’s,” she told the newspaper. Calls to Lowe’s for a follow-up comment were not immediately returned.

Preceding the formal opening, the store held a soft opening for commercial customers only. The Lowe’s store had been in the works for several years, having been delayed by stormwater runoff concerns and other permit issues, according to news reports.

The Burlington store will not remain the only Lowe’s store in the state for long. The retailer is seeking permits for further stores in Essex, Vt., and St. Albans Town, Vt.

Home Depot has a larger presence in Vermont — currently, the retailer has four locations in the state.

Mooresville, N.C.-based Lowe’s operates more than 1,450 stores in the United States and Canada.

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Rust-Oleum acquires fire protection business

BY HBSDEALER Staff

Rust-Oleum has announced that its subsidiary, Tor Coatings, has acquired certain assets of Bollom, a maker of fire retardant coatings and varnishes. Terms of the deal were not disclosed.

The Bollom business includes brand names Fireshield, Intusteel, Fireguard, Flamebar and Intuclear. The products are primarily sold in the United Kingdom.

“The Bollom fire protection brands are an excellent fit with our current business,” said Colin Carter, CEO of Tor Coatings. “In addition to expanding our technology offering to existing customers, these added brands will take Tor to new markets and applications.”

Vernon Hills, Ill.-based Rust-Oleum acquired Tor Coatings in March 2007. Rust-Oleum’s other brands include Painter’s Touch, American Accents, EpoxyShield and Varathane.

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