Cemex and Concrete Supply Co. to join forces
Cemex and Concrete Supply Co. have announced their plans to form a joint venture in the Carolinas. The new company will be known as Concrete Supply Co., LLC and will boast a production capacity of 2 million cubic yards.
Based in Charlotte, N.C., Concrete Supply Holdings Co. will be the majority owner and managing member.
“This combination will enable us to substantially improve both the ability of the combined company to service our customers and the cost structure of the operations involved, each being essential in a highly competitive marketplace,” said Henry R. Batten, president of Concrete Supply Co. and also of the new venture.
Cemex president Karl Watson, Jr. cited the potential for regional growth with strong local management, combined with global know-how from Cemex’s far-reaching operations.
The transaction is expected to close later this year.
SolarWorld to finance American-made panels for Hawaii residents
Solar manufacturer SolarWorld is rolling out its new Freedom Plan, designed to support the usage of American-made solar panels for homeowners in Hawaii.
In a nutshell, the program will allow homeowners to replace a portion of their electricity bills with a low monthly payment for solar power and guarantees the use of American-made panels. Users can receive the plan together with a complete solar-electric system from SolarWorld, which includes photovoltaic equipment, installation, monitoring services, system insurance and maintenance for up to 20 years.
“With abundant sunshine and some of the nation’s highest utility rates, Hawaii is an ideal place for homeowners to reap the financial and environmental benefits of solar,” said Rusty Pittman, director of marketing for SolarWorld Americas. “SolarWorld’s Freedom Plan makes the decision to go solar easier and more affordable for Hawaii residents.”
The Freedom Plan is provided exclusively through local distributor Inter-Island Solar Supply and offers flexible financing options which allow homeowners to minimize their upfront costs.
It is also available in six other states, including California, Colorado, Connecticut, Maryland, Massachussetts and New Jersey. SolarWorld has plans to expand it further into Arizona and New York.
Installation companies in Hawaii can register to become SolarWorld Authorized Installers online.
HCN names US LBM Holdings ‘Pro Dealer of the Year’
NEW YORK — In less than five years, Green Bay, Wis.-based US LBM Holdings has grown from a mere idea into a 55-unit pro dealer. It ranked 14th in sales on the HCN Pro Dealer Industry Scoreboard and showed year-over-year revenue growth of 15.7%.
With those numbers, and a corporate culture focused on improvement, US LBM Holdings was named HCN’s 2013 “Pro Dealer of the Year.”
The company was founded in 2009 as a federation of independent lumberyards with highly autonomous local operators building their businesses with services tailored to local markets. Among the original lumberyard players are Wisconsin Building Supply in Green Bay, Wis.; Bellevue Builders Supply in Schenectady, N.Y.; and East Haven Builders Supply in East Haven, Conn.
US LBM Holdings CEO L.T. Gibson will accept the Pro Dealer of the Year Award during the 2013 ProDealer Industry Summit Oct. 23-25 in Nashville, Tenn. The Summit is sponsored jointly by the National Lumber and Building Material Dealers Association (NLBMDA) and HCN.
“I am very humbled and excited for our team to be recognized by HCN as Pro Dealer of the Year,” Gibson said. “Many of our associates have devoted their entire careers to our industry. And they have made US LBM Holdings what it is today. This honor recognizes their efforts toward our goal of building one of the best companies in our industry. We’re proud of what we’ve achieved so far and excited for what the future holds.”