Home Depot DC closer to fruition in Alabama
A Home Depot distribution center slated for Jefferson County, Ala., is closer to fruition, according to a report in the Birmingham News.
The approximately 650,000-square-foot facility is expected to employ “as many as” 400 people, according to the report.
The retailer is planning a similar facility in Monroe, Ohio, as well. There, Home Depot recently won approval for a $33.9 million, 657,000-square-foot facility.
ProBuild names manufacturing head
ProBuild Holdings has announced the appointment of Lonnie Bernardoni as its new senior vp-manufacturing, where he will oversee the conpany’s component and millwork activities. He comes to ProBuild from Motorola, where he served as corporate vp-new product introduction.
Bernardoni’s 18-year tenure at Motorola also included stints as vp-supply China, manufacturing operations manager, plant manager and manufacturer process engineer at domestic and overseas plants.
ProBuild is the nation’s largest LBM chain, with more than 500 locations in 40 states.
Stanley Works announces strong fourth quarter
New Britain, Conn.-based Stanley Works reported fourth-quarter net earnings of $92.3 million, up 6.6 percent from $86.6 million from the same period last year. Net sales from the quarter were $1.16 billion, up 14.5 percent from $1.02 billion in last year’s fourth quarter.
For the year, the company had net earnings of $336.6 million, up 16.2 percent from $289.5 million in 2006. Net sales were $4.48 billion, up 11.6 percent from last year’s sales of $4.09 billion.
The company attributed the increase to organic growth, currency and acquisitions.
“2008 promises to be an equally, if not more, challenging year from an end-market perspective. Fortunately, we are entering the year with our portfolio in excellent shape and with the majority of our businesses exhibiting strong momentum,” said John Lundgren, chairman and CEO for the company.