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Centennial Woods joins NLBMDA

BY HBSDealer Staff

The National Lumber and Building Material Dealers Association welcomed a new member: Centennial Woods. The company is a supplier of reclaimed wood, and it is the newest member of the association’s Manufacturers and Services Council (MSC).

Centennial Woods maintains the world's largest sustainable source of reclaimed wood through the maintenance of the hundreds of miles of snow fences that line the highways of the state of Wyoming. Their aged snow fence wood is a nominal 1 x 6 and is either pine, spruce, or Douglas fir. These boards are FSC 100% Recycled. The Wyoming snow, wind, rain, and sun creates beautiful patinas on the wood that vary from grays, browns, and cinnamons.

Centennial Woods repurposes their nominal reclaimed 1 x 6s into a variety of products including wall planks, DIY installable planks, tongue and groove, shiplap, bevel lap and other milling is available as well. All their products qualify for MR3 & MR4 towards LEED projects. Additionally, Centennial Woods has developed Centennial Seal, a nano-technology product that acts as a sealant which repels water from the wood, yet does not change the patinas or texture of any wood, including their reclaimed wood.

"Centennial Woods is very excited and happy to now be a part of this fine organization helping the overall industry,” said Ed Spal, CEO of Centennial Woods. “We look forward to our participation and becoming more involved in the coming years."

The MSC is composed of the leading building material manufacturers and service providers serving the LBM industry.

NLBMDA's MSC members are established industry leaders who supply products and services to lumber and building material dealers and regional chains across the nation. The dedicated members of the council share a commitment to promoting and enhancing the success of independent dealers and regional chains.

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Sears Canada expresses ‘significant doubt’ about its future

BY Marianne Wilson

Sears Canada isn't sure about its ability to remain a going concern.

The struggling retailer on Tuesday said it doesn't have enough cash flow over the next 12 months to meet its obligations, and warned that it may have to restructure or be sold. The company cited a "very challenging environment," and noted it has had recurring operating losses and negative cash flows from operating activities in the last five fiscal years, with net losses beginning in 2014. 

"Based on management's current assessment, cash and forecasted cash flows from operations are not expected to be sufficient to meet obligations coming due over the next 12 months," Sears Canada said in a statement. "While the company's plans have demonstrated early successes, notably in same-store sales, the ability of the company to continue as a going concern is dependent on the company's ability to obtain additional sources of liquidity in order to implement its business."

Sears Canada had expected to be able to borrow up to $175.0 million, using real estate as collateral. But based on negotiations with the lenders, the retailer now expects to borrow only $109.0 million (before transaction fees).

"That, and the lack of available alternative sources of liquidity (through real estate monetizations, asset sales or otherwise), which may not be available in a timely manner, mean there are material uncertainties as to the company's ability to continue to satisfy its obligations and implement its business plan in the ordinary course," the company stated. "Accordingly, such conditions raise significant doubt as to the company's ability to continue as a going concern."

The chain has been working on a transformation and brand reinvention, and said it had started to make progress in its turnaround, pointing out that same-store sales rose 2.9% in its first quarter. However, the retailer posted a loss of C$144.4 million for the quarter, up from from C$63.6 million in the year-ago period. Total sales fell 15.2% as the company reduced the number of catalogs it sends and experienced some problems with its new website.

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Product Central: Klein Pump Pliers With Tether Ring

BY Steph Koyfman

Here at HBSDealer, it’s more or less an annual tradition to check in with the status of the Made in USA movement — and spotlight some products that are promoting domestic manufacturing.

The momentum is there, even if the majority of retailers don’t believe it’s a total cash cow yet. (In 2014, 65% of our readers said Made in USA had a “moderate impact” on sales — if the price is close.) We’ve been asking the same question around this time every year. And in 2015, the results were much more dispersed: 38% said it had a “big” impact, 35% voted “moderate,” and 27% said “small.” Last year, in 2016, 43% said “medium,” and 42% said “mild,” with only 15% voting for “turbo-charged” — even as domestic manufacturing became a rallying cry in the presidential election.

Still, suppliers seem to be heading further in the direction of American-made products.

According to Nu-Wood, American manufacturing isn’t just sought-after because of the quality and patriotic value, but also because of the delivery timeframes. When companies don’t ship overseas, pricing and response time benefit.

Huttig also recently announced an agreement with American Fasteners Co. to produce collated fasteners here in the Southwest United States under the Huttig-Grip brand, a response to demand from its customer network.

Their offerings, among several others, are represented below in our annual roundup of Made in the USA products.

Here is a product featured in a recent issue of HBSDealer:

 

Klein Pump Pliers With Tether Ring

These American-made pliers feature six machined tongue and groove jaw positions, a quick-adjust rivet for easy, single-handed adjustments, as well as a ring to secure the tool when working at height. (kleintools.com)

 

Check out other products featured in the March 2017 issue of HBSDealer.

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