Fiberon taps Consolidated Lumber for Northeast distribution
Fiberon has tapped Consolidated Distribution Services (of Consolidated Lumber group) to distribute its PVC and composite decking, railing and fencing products.
Consolidated is set to begin distributing Fiberon’s products to lumberyards in New Jersey, New York, Connecticut and Pennsylvania, effective immediately.
“Consolidated has built an outstanding reputation on the East Coast, a reputation built upon impeccable integrity,” said Doug Mancosh, president of Fiberon. “The addition of Fiberon’s extensive line of composite products to the Consolidated catalog will provide exceptional quality and value to East Coast customers.”
“We work with many loyal and quality-conscious lumberyards and home centers in our territory, and I’m certain they’re going to appreciate Fiberon’s quality and breadth of product,” said Mark Shirvan, president and CEO of The Consolidated Companies. “We expect our relationship with Fiberon to flourish and to last a very long time. With our service and customer relationships, and Fiberon’s product and commitment to its distribution network, it appears we have a recipe for success.”
Patrick Industries acquires Frontline and Premier Concepts
In a combined transaction, building products manufacturer and distributor Patrick Industries, Inc. has completed the acquisition of both Frontline Mfg., Inc. and Premier Concepts, Inc. for a combined net purchase price of $8 million.
The transaction includes the acquisition of accounts receivable, inventory, prepaid expenses, tooling, machinery, equipment and vehicles. The deal was funded by the company’s $80 million revolving secured senior credit facility.
Frontline is a manufacturer of fiberglass bath fixtures with a projected annual revenue of about $15 million for 2013.
"Frontline’s reputation among its customer base for innovative designs, high quality products, and exceptional in-house engineering capabilities will allow us to establish a strong presence in the fiberglass bath fixtures market within the industries we serve while providing opportunities to bring new products to market through existing sales channels," said Todd Cleveland, president and CEO of Patrick.
Meanwhile, Premier is a custom fabricator of solid surface, granite and quartz countertops with a projected revenue of $10 million for 2013.
"The acquisition of Premier will enhance our position as an industry leader in the RV, MH, and industrial countertop markets by leveraging our operational talent and experience with the team at Premier," Cleveland continued. "Consistent with previous acquisitions, we will continue to support both of these businesses with a financial and operational foundation that will allow each to preserve the entrepreneurial spirit that has been so important to their success, and enable each to continue to bring the highest quality products, service and value to our customers."
Both Frontline and Premier will maintain their brand names and continue to operate on a stand-alone basis.
Georgia-Pacific and U.S. Lumber sign EWP deal
Georgia-Pacific and U.S. Lumber have announced they are entering a distribution agreement for engineered wood products (EWP).
The agreement, effective Nov. 1, 2013, provides for U.S. Lumber to distribute Georgia-Pacific engineered lumber in Alabama, Arkansas, Kentucky, Mississippi, North Carolina, South Carolina, Virginia, the panhandle of Florida, Georgia, and Tennessee. Both companies are based in Atlanta.
“We are excited to be expanding our footprint with Georgia-Pacific engineered lumber products,” said Lawrence Newton, CEO of U.S. Lumber. “These new territories help to broaden our commitment to our customers in these areas.”
U.S. Lumber will be supplying the complete line of Georgia-Pacific engineered lumber products, including Wood I Beam joists, GP Lam laminated veneer lumber (LVL), Fiberstrong rim board and laminated beams.
“We are pleased to have a distributor like U.S. Lumber as part of our network and are looking forward to helping them serve these territories,” said Paul Watterson, general manager for Georgia-Pacific Wood Products. “Their experience selling specialty wood products makes them a great fit within our EWP strategy.”