DISTRIBUTORS/CO-OPS

Costello’s opens up a new Long Island location

BY HBSDealer Staff

Costello’s Ace Hardware has expanded in Long Island with a new location in Melville, N.Y.

The Melville store, located at 720 Walt Whitman Road, will mark the chain's 29th location.

“The Costello’s team is delighted to be opening our newest store in Melville, N.Y.,” said Michael Costello, CEO of Costello’s Ace Hardware. “The neighborhood has been without a local hardware store for nearly two decades. We are thankful for the opportunity to amaze our new neighbors with our special blend of attentive, knowledgeable service, local convenience, and a focus on quality products and brands."

"Our modern store and professional staff have all the products and know-how that the local residents need to take care of their homes and outdoor spaces, along with outstanding everyday and seasonal values. We look forward to earning a place in the hearts of the community," he said.

The 11,000-sq.-ft. store was previously a home window finishings store, and it will now feature a full selection of hardware categories like plumbing, lighting, and lawn and garden; as well as an extensive selection of premium grills, including Weber, Traeger Wood Pellet Grills and Big Green Egg.

Customers will also find other top brands, including Yeti and Craftsman hand and power tools, as well as The Paint Studio at Ace.

A grand opening for the store will take place in September 2017.

Costello's was founded in 1976 and has stores all over Long Island, northern New Jersey, Maryland and Brooklyn.

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DISTRIBUTORS/CO-OPS

CBC invests in Professional Builders Supply

BY HBSDealer Staff

Capitol Broadcasting Company (CBC) has acquired a substantial interest in Professional Builders Supply, a Morrisville-based distributor of building materials in the Carolinas.

The investment creates an equity partnership between CBC and PBS founder and CEO Van Isley, CFO Steve Lochbaum and founder and Wilmington Market president Troy Wilkerson.

"This investment continues a tradition of diversification at CBC," said CBC VP James Goodmon, Jr. "Without question our roots are in broadcasting, but over the years we've expanded our portfolio with properties like the Durham Bulls, The American Tobacco Historic District and Rocky Mount Mills. PBS is a highly successful, growing company with a great reputation for customer service and community involvement. That's exactly the type of operation we want as part of CBC."

PBS serves single-family and multifamily residential builders across the Carolinas. It was founded in 2003 and currently employs 285 associates, with operations in Morrisville, Wake Forest, Charlotte, Wilmington and Charleston.

"When we embarked upon the process of identifying a partner that would allow us to accomplish several objectives, including providing a well-deserved exit for our non-employee minority investors, allowing the three employee investors to diversify our net worth, ensuring a stable future for our associates and positioning the company for additional growth, we could not have written a better script," said PBS CEO Van Isley. "We are extremely excited about partnering with the CBC team and the Goodmon family, whom we have known and respected for many years."

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New Orgill DC is open for business

BY HBSDealer Staff

Orgill's new Post Falls, Idaho, distribution center is now fully operational, and it's already begun serving retailers in five Northwestern states, as well as Western Canada.

Orgill first announced the acquisition of the Post Falls distribution center in August 2016, and it began retrofitting the facility shortly thereafter in order to provide faster and more efficient service to its growing customer base in the region.

“We are very happy to announce that this facility is now up and running and represents a significant enhancement to our distribution network. We look forward to the efficiencies this new distribution center will offer our customers throughout the coverage area,” said Ron Beal, Orgill chairman, president and CEO.

“We will be using our own fleet of trucks and drivers to deliver the majority of shipments out of Post Falls,” says Randy Williams, Orgill’s general manager of distribution. “This is important because it means customers will be able to rely on regular shipments from a driver who is familiar with their business and runs on a consistent, reliable pre-scheduled delivery route.”

The new DC will primarily serve customers in Montana, Idaho, Oregon, Washington and Alaska, as well as customers in Western Canada. Previously, customers within this area had been served out of other Orgill distribution facilities.

Additionally, the new DC has already been recognized for job creation and positive community impact with an award from the Trade & Industry Development 12th Annual Corporate Investment and Community Impact (CiCi) Awards. The Post Falls Orgill project was one of 15 to receive the Community Impact award nationally.

The new facility is Orgill's seventh distribution center overall, including sites in Tifton, Ga.; Inwood, W.Va.; Sikeston, Mo.; Hurricane, Utah; Kilgore, Texas; and London, Ontario.

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