Fiberon promotes two of its sales managers
Fiberon, a manufacturer of PVC and composite decking, has promoted two of its sales managers.
The company promoted Derek Baer to territory manager for the Montana and Western Canada regions, as well as Greg Reed to West Coast regional sales manager.
"Both Derek and Greg have extensive industry experience, and both will be outstanding managers for the distribution partners in their respective regions," said Brendan Moloney, Fiberon’s director of sales for the West. "They’re both incredible assets to the company, with proven abilities to drive sales and work side-by-side with our dealers."
Baer is noted for his work in developing the region’s FiberPRO and dealer bases. In the past, he maintained leadership positions at technology companies like Microsoft.
Reed was recognized for developing new markets for Fiberon products. He brings more 12 years of sales management and distribution experience to the table, specifically in the building industry.
John Burns to speak at ProDealer Industry Summit
John Burns, CEO of John Burns Real Estate Consulting, will be one of five speakers at this year’s ProDealer Industry Summit taking place on Oct. 23-25 in Nashville, Tenn.
Burns, based in Irvine, Calif., has more than 20 years of national real estate consulting experience after beginning his career as a CPA.
He has an M.B.A. from the University of California, Los Angeles and a B.A. in economics from Stanford University.
The Summit, which is sponsored by HCN and the National Lumber & Building Material Dealers Association, is an opportunity for lumber and building product dealers, distributors, wholesales and suppliers to network and brush up on industry knowledge.
Stock sets its IPO price
Raleigh, N.C.-based pro dealer Stock Building Supply Holdings set its initial public offering pricing at $14 per share.
The company said it expects to receive proceeds, net of underwriting discounts and commissions, of approximately $57.4 million from the offering. Stock said it intends to use the proceeds to pay about $46.2 million of the outstanding balances under the revolving line of credit under its secured credit agreement and to pay fees and expenses related to the offering.
The shares will be listed on NASDAQ Global Select Market.