LUMBERYARDS

GAF to gift a chopper at Sturgis Motorcycle Rally

BY HBSDealer Staff

Roofing manufacturer GAF intends to make a lucky veteran’s day with a custom OCC Chopper at the upcoming Sturgis Motorcycle Rally.

“GAF is thrilled to again be working with Paul Sr. and the OCC crew for this special episode of their exciting new show,” said Paul Bromfield, senior vice president of marketing at GAF. “The synergy between our companies is evident through not only our quality products, but also our continued focus on investing in America and our commitment to helping veterans.”

The event, which draws wide enough publicity on its own, will be featured on a new television series on CMT (Country Music Television), which premieres Aug. 18. The episode featuring the bike giveaway will highlight GAF’s Roofs for Troops rebate program.

The bike, featuring a custom build, will be revealed at the event on Aug. 5 during the Kid Rock concert on the Buffalo Chip stage. The Sturgis Motorcycle Rally boasts an attendance of roughly 500,000 people each year.

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Amerhart fills new post of VP supply chain management

BY HBSDEALER Staff

Green Bay, Wis.-based building materials distributor Amerhart announced that Tom Miller will take over the newly created role of VP supply chain management. 

Miller is a 25-year industry veteran who most recently served the company in the role of national accounts manager.

Amerhart operates several distribution facilities in Wisconsin, Illinois, Michigan and Minnesota. It distributes building materials and lumber products to pro dealers, home centers and industrial accounts.

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Stock Building Supply prepares for IPO

BY HBSDEALER Staff

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Raleigh, N.C.-based Stock Building Supply announced on Tuesday morning details regarding its Initial Public Offering

The pro dealer, which will be traded on the Nasdaq Global Select Market, is looking to raise roughly $150 million by offering up some 8.8 million shares at an anticipated price of $16 to $18. The company’s ticker symbol will be “STCK.”

Stock Building Supply, formerly known as Carolina Holdings, has a rich history in the Mid-Atlantic and Southeast. It was also one of the first coast-to-coast building material dealers, and changed its name in 2000 to reflect its national footprint. 

The housing downturn took its toll on the company, which peaked in sales of $4.16 billion in 2005. Since then, a scaled-down version of Stock operates 53 locations. The company ranked ninth on the HCN Top 200 Pro Dealer Scoreboard with sales of $1 billion.

Private equity firm The Gores Group acquired a controlling interest in Stock in 2009, and acquired the remainder in November 2011.

Goldman, Sachs & Co., Barclays Capital Inc. and Citigroup are serving as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated is acting as lead co-manager, and Stephens Inc. and Wells Fargo Securities, LLC are acting as co-managers.

 

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