Hunter announces promotions
Hunter Industries, a global provider of irrigation solutions for the professional market, has promoted Greg Hunter to chief operating officer, where he will be responsible for executing company strategy and optimizing the day-to-day operations for all Hunter business units. He assumes this role having held leadership positions within several key departments at Hunter, including engineering, product management, information systems and marketing.
Gene Smith, the company’s current director of marketing for commercial and residential Irrigation, has been promoted to VP marketing. Smith assumes the position after 12 years at Hunter, in which he has held leadership positions in engineering, product management and marketing. In his new role, Smith will lead the marketing efforts for all Hunter business units, including residential, commercial and golf irrigation, FX Luminaire landscape lighting, and Hunter custom molding.
Based in San Marcos, Calif., Hunter Industries is a family-owned company that offers more than 1,000 products that serve the landscape professional.
Rate of new-home sales rises in September
Sales of new single-family homes in September 2012 were at a seasonally adjusted annual rate of 389,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 5.7% above the revised August rate of 368,000 and is 27.1% above the September 2011 estimate of 306,000.
The median sales price of new houses sold in September was $242,400; the average sales price was $292,400. The seasonally adjusted estimate of new houses for sale at the end of September was 145,000, which represents a supply of 4.5 months at the current sales rate.
The stats follow by about a week a Census Bureau report showing housing starts increased 15.0% in September over August.
Senco acquires New Zealand’s Timbalok
Senco Brands has acquired Timbalok Fasteners, its principal New Zealand distributor, for an undisclosed amount.
“We are particularly excited about the opportunities Timbalok can bring to our company,” said Senco CEO Ben Johansen. “Founded by managing director Mark Glidden with the support of outside investors, Timbalok has been very successful in establishing itself as an industry expert in both the professional and industrial end markets. The breadth of industry knowledge Mark and his team bring to us will be a valuable addition to Senco in the region.”
Glidden and his team will report directly to Peter van der Wel, president of Senco International. Glidden’s extensive experience in power fastening include serving as retail manager for PDI Electrical and as general manager of Velux Asia Pacific, ITW, NWZ, Nylex NWZ and Placemakers NWZ.
Senco Brands manufactures a broad line of air-, battery- and gas-powered tools, including nailers, staplers and screw guns for professionals involved in wood-to-wood construction, remodeling and a variety of industrial applications.