Expansion at Patrick Lumber
Portland, Ore.-based Patrick Lumber Co. acquired a part of Mary’s River Lumber Co. in Philomath, Ore., including 8 acres, five dry kilns and a reman plant.
Financial terms of the deal were not disclosed.
Established in 1915, Patrick Lumber describes itself as a “secondary manufacturer and exporter of niche high-grade softwood products sold to a network of worldwide distribution.”
The Philomath operation will begin by processing primarily high grade Douglas fir and Hemlock lumber creating an opportunity for a dozen employees with plans for expansion, according to the announcement.
The acquisition is expected to add about 20% to Patrick Lumber’s processing capacity.
NRLA comes together in Providence
Providence, R.I. — The NRLA LBM Expo '17 kicked off Wednesday at the Rhode Island Convention Center. It runs through Friday.
The event brought dealers and vendors from all across the Northeast under the theme of "Come Together," a reference to the "Britishmania" event slated for Thursday night.
Networking and education were the dominant activities here. Seminars ranged from a 2017 market and investment outlook to a social media best practices session, presented by Rob Bicknell of Bicknell Building Supply and the NRLA's Rob Totaro.
Also on the event's agenda is recognition of lifetime achievement awards. This year's class includes Erwin Ward of Everlast Roofing; Sterling Golder of Britton Lumber Co., and the Moynihan brothers — Michael, Gerard and Jack — from Moynihan Lumber Co.
At a lunch event Wedneseday, Steve Cucchiaro, president and chief investment officer for 3EDGE Asset Management, looked into the future of the economy and the market in a presentation titled: "Investing in the age of extreme uncertainty."
Here’s the 2017 NLBMDA Policy Agenda
The National Lumber and Building Material Dealers Association (NLBMDA) today released its national legislative and regulatory policy agenda for 2017. The document brings focus to the common interests of the industry and includes policy goals for continued growth in the nation's housing and building industry.
"Lumber and building material dealers continue to play an important role in furthering America's economic growth as part of the building supply chain and residential housing sector," said NLBMDA Chair George W. Lester II, Chairman and CEO of The Lester Group in Martinsville, Virginia. "The 2017 NLBMDA National Policy Agenda provides a common-sense, pro-business framework that eliminates unnecessary regulatory burdens, and promotes sound fiscal policies needed for sustained economic expansion."
NLBMDA is working with the new Congress and Trump Administration to advance policies that will strengthen small businesses and protect the many multi-generational family-owned businesses in the industry. The association's agenda includes our industry's positions on: housing & construction; tax & economic policy; legal reform & consumer protection; workforce policy; environment, health, & safety; product supply & trade; energy; transportation; and highway safety.
NLBMDA's 2017 National Policy Agenda will be distributed to members of Congress and key Administration officials and will be used by NLBMDA members when they visit their members of Congress during the NLBMDA Spring Meeting and Legislative Conference on March 27-29 in Washington, D.C.
Click here for the policy agenda document.