HCN Stock Watch: Thursday slump
Stocks were lagging behind at Thursday’s close; Boise Cascade, Lumber Liquidators, LP, and both Sears stocks all fell by more than 1%.
L.J. Smith Stair Systems makes acquisition
Bowerston, Ohio-based L.J. Smith acquired Georgia based Universal Stair Parts, a company specializing in custom manufacturing and distribution of stair parts.
Although the ownership will change, the name will remain the same and therefore will continue to provide to the market under Universal Stair Parts. “The joining of forces will give us a strong manufacturing and distribution foothold in the Southeast and therefore bring added capabilities, which will further strengthen our commitment to serve our customers,” said Craig Kurtz, president of L.J. Smith.
Founded in 1885, L.J. Smith Stair Systems describes itself as the largest manufacturer of stair parts in the country. The company serves all 50 states from nine distributions branches and four manufacturing centers.
AWC CEO welcomes green-standard cooperation
The American Wood Council CEO Robert Glowinski said the AWC is hopeful about a plan to harmonize green building standards.
In a statement issued Thursday, Glowinski said:
“The American Wood Council is hopeful about the recently announced strategy to harmonize ASHRAE 189.1, IgCC and LEED into a standardized tool. While the streamlining strategy presented is encouraging, its success will depend on whether the leadership of the organizations provides the direction necessary to carry-out the coordination as envisioned.
“The announcement implies that future editions of the IgCC will incorporate technical content of ASHRAE 189.1, which then becomes a green code, suitable as an alternative to LEED prerequisites. We believe that how the proposed strategy addresses baseline building performance in ASHRAE 189.1, in a manner which allows it to serve as equivalent to LEED prerequisites, will be critical to the success of this much needed harmonization across systems.
“AWC continues to support publication of the 2015 IgCC, including changes to be approved by ICC governmental voting members in October. Considerable effort has already occurred to develop the 2015 IgCC, including recognition of Environmental Product Declarations, along with other state-of-the-art green building measures.”
Recently, the American Institute of Architects (AIA), ASHRAE, Illuminating Engineering Society of North America (IES), International Code Council (ICC) and U.S. Green Building Council (USGBC) announced a plan to collaborate on developing a framework to ensure the AHSRAE 189.1 Standard for the Design of High-Performance Green Buildings and International Green Construction Code (IgCC) are available for implementation as a regulatory standard working in alignment with the LEED green building program.
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