Gerald Volas joins the board at Trex
Trex Company has appointed Gerald Volas to its board of directors, effective March 1, 2014.
“Jerry’s extensive experience in all aspects of the home improvement sector and his in-depth understanding of leadership brands make him an excellent addition to our board," said Trex chairman, president and CEO Ronald Kaplan. "We look forward to his contributions as we work to further expand Trex’s industry-leading distribution presence, our best-in-class product platform and our branding presence.”
Volas is currently a group executive of Masco Corp., where he oversees a number of Masco operating companies. Having been in the role since 2005, he has served as group executive for nearly all of its 21 operating companies at one point or another. He has been with the company since 1982.
Volas is also a certified public accountant.
BlueLinx is joining the Fiberon network
BlueLinx Corp. has announced its plans to join the Fiberon channel network in 2014, distributing its PVC decking and railing products throughout the Buffalo and Pittsburgh regions.
“Quite frankly, we were looking for a high-end railing product to complement our existing composite deck offerings, and ended up taking on the complete Fiberon decking and railing line,” said Gerald Schomer, business manager for the BlueLinx distribution centers in Buffalo and Pittsburgh.
Specifically, BlueLinx will serve customers in the Buffalo metro area, including western and central New York and northern Pennsylvania to the Ohio border, as well as the Maryland panhandle, much of West Virginia, and western and central Pennsylvania.
“BlueLinx is a bona fide leader, building itself into one of the largest independent distributors in the U.S.,” said Doug Mancosh, president of Fiberon. "Our new relationship with BlueLinx will bring Fiberon products to millions of consumers over an enormous geographical area, sold by some of the most knowledgeable, service-oriented professionals in the distribution business.”
Boise Cascade income multiplies in Q4
Boise Cascade did well for itself in the fourth quarter of 2013, with sales and income both benefiting from robust year-end growth.
Net sales for the three months ended Dec. 31, 2013, were $798.3 million, up from $694.6 in the fourth quarter of 2012. Income for the quarter came in at $9.8 million, a considerable improvement from 2012’s $1.2 million take-home total.
For the full year, sales were up 17.8% at $3.27 billion; income was up 182% at $116.9 million.
"We are pleased by our accomplishments in 2013," said CEO Tom Carlile. "Our manufacturing business continued to execute well, capturing the benefit of higher prices and increased engineered wood products sales volumes. In addition, the two plywood plants we acquired at the end of the third quarter have been successfully integrated and provided incremental volume and earnings consistent with our expectations. Our distribution business managed its way through the volatile commodity pricing in the first half of the year and had a solid second half of the year providing positive cost leverage on the 2013 sales growth. The operational achievements and acquisition, along with our initial public offering in February, made for an exciting 2013."
The Wood Products segment experienced the greatest sales growth at 31% for the quarter. Building Materials Distribution received an 11% boost in sales.
"In 2014, we look forward to taking further advantage of improvements in construction activity, growing the company, and executing on the strategic initiatives of our existing operations," added Carlile.