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HBSDealer Stock Watch: Tuesday’s mixed results

BY HBSDEALER Staff

Gainers led decliners, but just barely, on Tuesday. Leading the charge into positive territory was CENT, up 7.24%. HBP gained 2.3%. Also on the Stock Watch,  LL declined 1.6%.

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New NAHB program targets safety

BY HBSDealer Staff

Safety is even more of a priority for the National Association of Home Builders in 2018.

The association has introduced Safety 365, a new member and public awareness campaign designed to ensure that industry pros have the information and resources to help keep construction workers safe while minimizing accidents, injuries and deaths.

The initiative is designed “to make construction safety a priority, every day, 365 days a year,” the NAHB said in a press release.

“Our members realize the importance of jobsite safety because we know that our employees have families to return home to. We want to keep these workers safe from accidents and injuries,” said NAHB chairman Randy Noel, a home builder and developer from LaPlace, La. “Safety 365 is an important initiative that will keep these efforts at the forefront of our industry.”

The campaign is a joint effort of the NAHB Construction Safety Committee and Builders Mutual Insurance Co., which has supported NAHB’s workplace safety efforts since it worked with the association in 2006 to launch the SAFE awards, an NAHB program that honors workplace safety efforts and highlights innovative products and solutions.

Through posts on the association’s blog, newsletter stories, and tweets among other efforts, the Safety 365 campaign will highlight a different aspect of construction workplace safety each month and also promote safety off the job. The program also includes materials to help keep home owners safe when they’re working on DIY projects.

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Universal Forest Products making moves in Florida

BY HBSDealer Staff

Universal Forest Products, Inc. (UFP) reported that it has closed on the sale and lease-back of a 35-acre site in Medley, Fla. that hosts once of the company’s larger operations.

The Grand Rapids, Mich.-based wood products and composites manufacturer said the move is part of a strategy to create efficiencies and advantages not possible with the current facility. Terms of the deal were not disclosed.

UFP said it plans to optimize the capacity of its other three Florida operations, including two it acquired from Robbins Manufacturing in 2017, and adding a state-of-the-art facility in southern Florida. The Company will lease back the Medley, Fla., facility as it executes its long-term plan for Florida and the Southeast region.

“We have an exciting opportunity to sell a valuable piece of property and structure our business in a way that will enhance our logistics, create operational efficiencies and create opportunity for growth in the region that we couldn’t realize with our existing operational structure and facilities,” said CEO Matthew Missad. “Our focus on return on investment has us constantly evaluating our assets to deploy them in the most efficient manner, and the sale of the Medley location enables us to be a better, more efficient manufacturer and supplier.”

UFP also said it has “great opportunity for growth in South Florida in each of its markets — retail, construction and industrial.” The company will continue to serve its Caribbean customers from its Florida and Puerto Rico operations.

The Aljoma Lumber affiliate, which UFPI acquired in 2007 and operates out of the Medley facility, will continue to operate out of the current location until a new site is identified.

 

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