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High praise for Indiana town

BY HBSDealer Staff

And the number one place to live in America is – Fishers, Indiana.

At least, that’s the suggestion by the editors of Money magazine, which made the Northeast suburb of indianapolis the cover story of its most recent issue. The October issue shows a family-friendly two-story house in what looks like a happy Fishers neighborhood.

Kim Young, an owner of Fishers Do it center, described the town’s newfound notoriety as a pleasant surprise.

“I think it’s wonderful,” she said. As for its impact on business: “It’s not going to have an immediate impact, but maybe more people will buy homes here. It can’t hurt.”

The market, which is grown rapidly in the past 20 years to a population of about 90,000, is also served by a Menards and a Home Depot.

Fishers Do it center, a 22-year-old business, has changed as the community changed, Young said. The transition occurred slowly as the company began largely as a supplier of new construction projects to a dealer that now caters more to maintenance and repair.

More on the Money rankings can be found here.

 

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PPG executive to resign

BY HBSDealer Staff

Viktor Sekmakas will be resigning as executive VP, effective Sept. 30. During his 20-year career with PPG, Sekmakas has held numerous key leadership roles in PPG’s automotive, industrial and packaging coatings businesses, as well as in the company’s Asia Pacific and Europe, Middle East and Africa regions.

“Viktor has truly been a dynamic global leader for PPG. He has played a key role in expanding our global businesses and operations; strengthening many important customer relationships; and developing new, more efficient and effective business processes,” said PPG Chairman and CEO Michael McGarry. “We thank Viktor for his many contributions to PPG and wish him and his family all the best in the future.”

As a member of the PPG Executive Committee since 2012, Sekmakas played an important role in PPG’s strategic portfolio transformation and growth. In particular, Sekmakas spearheaded the efforts to maximize shareholder value in the divestitures of the glass and fiber glass businesses while championing the decision to enter the coatings services business.

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Quikrete Industry Dashboard: Growth for stocks and Single-family starts

BY HBSDEALER Staff

Single-family starts turned upward on the latest residential construction chart, and HBSDealer Stock Roundup shows monthly gains across the board.

(Click on image to enlarge)

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