HD Supply Facilities Maintenance to purchase Atlanta firm
HD Supply Facilities Maintenance, a leading distributor of maintenance, repair and operations (MRO) products, has announced its intention to acquire Peachtree Business Products. Headquartered in Marietta, Ga., Peachtree Business Products supplies a wide variety of products for property managers in residential and commercial settings, everything from marketing materials to pool supplies, mailboxes, benches and cleaning supplies. The firm also services medical facilities, schools and universities, churches and funeral homes.
Anesa Chaibi, president and CEO of HD Supply Facilities Maintenance, said in a prepared statement: “In addition to acquiring a premium business with strong cultural fit and great end-market alignment, this acquisition supports our commitment to provide the right products, services and solutions for our customers.”
The purchase of Peachtree Business Products further strengthens the San Diego-based HD Supply Facilities Maintenance’s national position by enhancing the depth and diversity of products and services for existing and new customers. It also aligns with HD Supply’s long-term, core leadership business growth strategy, the announcement said.
Jeld-Wen to acquire millwork manufacturer
Jeld-Wen, a leading global manufacturer of doors, door facings, windows and related components, has entered into a letter of intent to acquire Craftmaster Manufacturing, Inc. (CMI). The purchase price was not disclosed, and the deal is expected to close in the third quarter of 2012.
CMI, based in Chicago, is a manufacturer of CraftMaster molded door facings and doors, MiraTEC exterior composite trim and Extira exterior composite panels, with its principal manufacturing facility in Towanda, Pa. The acquisition will expand Jeld-Wen’s manufacturing footprint in the U.S., give the Klamath Falls, Ore., firm access to new and proprietary technology, and increase its focus on environmentally-friendly wood composite exterior products.
“Jeld-Wen is excited to add the entire line of CMI products — door facings, doors, trim and panels — and to further invest in the manufacturing, marketing and merchandising of products under the CraftMaster brand,” said Jim Morrison, executive VP Jeld-Wen, in the announcement. “CMI’s existing management team, led by Bob Merrill, will remain in place to realize efficiencies that will benefit CMI’s existing customers in all product lines. Such efficiencies include expanded molded door facing designs under both the Jeld-Wen and CraftMaster brand names, broader footprint of molded door facing facilities in strategic locations around the U.S. to better serve our customers, and a more responsive and safer supply chain.”
Weyerhaeuser names new board member
Federal Way, Wash.-based Weyerhaeuser Co. announced that Doyle Simons, 48, will join its board of directors, effective June 29.
Simons’ appointment follows the departure of Arnold Langbo, who retired from Weyerhaeuser’s board in 2011.
"Doyle has extensive knowledge of the forest industry and the business segments in which Weyerhaeuser operates," said Chuck Williamson, chairman of Weyerhaeuser’s board of directors. "I’m excited about the insight and skills he will bring to the board."
Simons served as CEO and chairman of Temple-Inland from 2008 until February 2012 when it was acquired by International Paper Co. Prior to that role, he held a number of senior management positions with Temple-Inland. He joined the company in 1992.