HD Supply opens Alabama DC
HD Supply Facilities Maintenance, a leading distributor of maintenance, repair and operations products, has announced the opening of its newest distribution center in Calera, Ala., approximately 30 miles south of Birmingham.
The new facility is the 43rd in the company’s operations network in North America, and the second new DC opening for HD Supply Facilities Maintenance in 2013. The company opened a 50,000-sq.-ft. facility in Secaucus, N.J., earlier this year.
“We are excited to open our Birmingham-area distribution center, an important addition to our network of DCs throughout the United States and Canada,” said Anesa Chaibi, president and CEO of San Diego-based HD Supply Facilities Maintenance. “This new distribution center allows us to continue to improve our local support for customers in the Southeast, including Alabama, Tennessee, Mississippi, Louisiana and the Florida panhandle.”
The 350,000-sq.-ft. facility will employ more than 50 associates when fully staffed, bringing new job opportunities to the Birmingham area.
Cedar Creek acquires Denver distributor
Oklahoma City-based Cedar Creek entered into an agreement to purchase the assets of All-Coast Forest Products’ distribution location in Denver.
The agreement is expected to be finalized by June 6. All-Coast will continue to operate in Cloverdale, Calif.
D. Wayne Trousdale, Cedar Creek’s COO, commented, “We are very pleased to acquire an outstanding location and a great team of people in the growing Denver market. We plan to add several new product categories and offer a broad range of specialty and commodity wood products for lumberyards and the industrial customer.”
Cedar Creek – Denver will stock a variety of products, including cedar, siding, trim, EWP, hardwood plywood, boards, MDF, MDO, melamine, decking, and commodity lumber and panels.
Cedar Creek describes itself as “America’s fastest-growing wholesale building material distribution company.” It has 15 locations covering 24 states in the Mid-South, Midwest, Southeast and Rocky Mountain States. In May 2010, Cedar Creek was recapitalized by Boston-based Charlesbank Capital Partners, with the goal of providing flexible capital for the company to grow beyond its current trade areas.
American Woodmark swings to a profit
Winchester, Va.-based American Woodmark Corp. saw sales rise 26% in the fourth quarter, with double-digit gains in each of its sales channels.
Net sales for the quarter ended April 30 reached $171.1 million, as it swung to a profit of $5.2 million, compared with a fourth-quarter loss of $6.0 million in 2012.
The company manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. Its products are sold on a national basis directly to home centers, major builders and through a network of independent distributors.
Boosted by new construction sales and an improving housing industry, net sales rose by 22% to $630.4 million during the company’s entire fiscal year 2013. The company generated net income for the entire fiscal year 2013 of $9.8 million, compared with a net loss in fiscal year 2012 of $20.8 million.
The company said its performance was favorably impacted by reductions in labor and overhead costs associated with its previous restructuring actions, by the beneficial impact of higher sales volume and the absence of the prior year’s inventory write-down. This favorability was partially offset by the impact of rising materials costs.