HBSDealer Stock Watch: Stocks mixed on Tuesday
Volatility on Wall Street yields slightly more decliners than gainers among HBSDealer stocks.
Tuesday’s top gainers were in the building products distribution space – LPX, up 7.1%; and BXC, up 3.3%. Decliners included LL, down 5.6%; and HBP, down 3.9%.
BlueLinx Minneapolis to distribute Versatex Building Products
Versatex Building Products has expanded its base of wholesale distributors, naming BlueLinx Minneapolis as its latest full-line distributor.
The Minneapolis location is the second BlueLinx outlet to be designated a Versatex distributor. It joins the Charleston, S.C. BlueLinx operation, which Versatex recently honored as its 2017 National Distributor of the Year.
“This expansion should give building-supply dealers and their contractors across the upper Midwest high confidence in product access and on-time delivery,” said Versatex sales and marketing VP Rick Kapres. “BlueLinx has worked hard to gain the respect of both manufacturers and end-users, and we’re thrilled to be partnering with another of their locations.”
Based in Atlanta, BlueLinx distributes building products through a network of more than 40 warehouses and 50 reload facilities nationwide.
“Not only is the Twin Cities region a key territory for Versatex, but the efficient BlueLinx service platform will make life a lot easier for our customers,” Kapres said. “Our aim is to smooth out the supply chain for dealers, lumber yards and home-improvement centers.”
Cory Conley, general manager at BlueLinx Minneapolis, called the new relationship an exciting development. “We’re honored to be associated with Versatex, and we look forward to growing together in the Minneapolis market.”
Based in Pittsburgh, Versatex Building Products manufactures of maintenance-free, easy-installation PVC architectural trim materials including trimboards, moldings, one-piece column wraps, and prefabricated corners.