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Hardy seeks to create institute

BY HBSDEALER Staff

Joe Hardy, founder of the 84 Lumber LBM chain, is hoping to create a think tank that will explore Marcellus Shale, a largely untapped natural gas reserve found throughout much of the northern Appalachian Basin, according to an article in the Pittsburgh Tribune-Review.

Nearly 300 people from the natural gas industry, state and local government and community leaders attended a two-day event last week at Nemacolin Woodlands Resort, a Farmington, Pa., hotel and resort owned by Hardy, to discuss the possibilities of Marcellus Shale as an energy source.

Hardy intends the Marcellus Shale Conference and Golf Tournament to be an annual event, a company spokesman told the newspaper. In addition, Hardy would like to create a Nemacolin Institute to provide state-of-the-art research and dialogue about Marcellus Shale and the role it plays in energy production. No one has been hired to run the organization, which would collaborate with others involved in shale gas exploration, the article said.

Hardy is the founder and CEO of 84 Lumber, the industry’s largest independent chain of lumberyards in the nation. Based in Eighty Four, Pa., the company ranked fifth on the HCN Top 350 Pro Dealer Scoreboard, with $1.35 billion in sales for 2009.

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Inside the home

BY HBSDEALER Staff

Consumer research from The NPD Group connects the dots of appliance ownership in its most recent report, “Inside the Home: Appliances We Own & Use.”

According to the report, ownership in the major appliance category over-indexes among those who also own their home. However, homeownership does not fully predict who owns these products, nor who has recently purchased them. While one in four homeowners indicate having purchased a major appliance in the past 12 months, one in five renters have as well.

Here are some of the key findings: 

• Small kitchen electrics: The most owned and purchased products are often considered traditional countertop appliances, such as toasters, coffee makers, electric can openers and toaster ovens.

• Home environment appliances: The products used most often are those within the water filtration category, followed by upright vacuums. Close to half of upright vacuum owners are using their product once a week or more often.

• Hair appliances: Hair straightener owners are most likely to own other hair care appliances. Three-quarters of hair straighteners owners also own a curling iron or brush. The likelihood of a curling iron/brush owner to own a straightener is far less likely at 46%, however, a significant figure.   • Americans who have a refrigeration filtration system are least likely to own a pitcher, pour-through water filtration, or a faucet-mount device — just 18% and 15%, respectively.

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True Temper sale completed

BY HBSDEALER Staff

New York-based Castle Harlan announced it has completed the sale of Ames True Temper to Griffon Corp. for $542 million.

“Our five-year plan for Ames True Temper Inc. was to expand the business, increase market share in the U.S., create international exposure and broaden product lines for distribution through our pipeline. We have done that and are pleased with the results. We wish the company continued success as part of the Griffon family,” said Castle Harlan co-president William Pruellage.

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