Investment holding company formed for cabinetry shops
Building Industry Partners, a private equity investment firm focused in the U.S. building products industry, has sponsored a newly formed entity, United Cabinet Holdings, to invest in and/or acquire niche-leading North American regional kitchen and bath cabinetry manufacturers. Partners in the firm, whose chairman is Matt Ogden, are longtime kitchen and bath cabinet industry veterans Terry Dickey and Michael Arnaud.
Dickey is serving as CEO of United Cabinet Holdings and Arnaud as executive VP sales. Consistent with BIP’s investment structure philosophy, Dickey and Arnaud are both significant shareholders in United Cabinet Holdings, which will be headquartered in Greensboro, N.C.
Dickey most recently served as president and CEO of Marsh Furniture Co., a leading regional kitchen and bath cabinetry manufacturer. Previously, he served as COO of Cardell Kitchen and Bath’s El Campo division, president of Brammer Manufacturing Company and VP manufacturing for Norcraft/MidContinent Cabinetry.
Arnaud has worked for a number of the industry’s leading manufacturers. He served as VP sales and marketing for UltraCraft Cabinetry, a division of Norcraft Cos. Previously, he served as VP sales for Republic National Cabinet Corporation, a HIG Capital-sponsored buy-and-build platform in the cabinet manufacturing segment that owned Republic Industries, Cabico Custom Cabinetry, Sunshine Kitchens and Legacy Cabinets. Earlier, Arnaud worked for Kitchen Craft and Cuisine Expert.
United Cabinet Holdings completed its inaugural investment, Touchstone Fine Cabinetry, with the recapitalization of Geppetto Kitchens, a Rutherfordton, N.C.-based manufacturer of semi- and full-custom framed and frameless cabinetry, in partnership with existing Geppetto management and shareholders. Touchstone will operate out of Geppetto’s 200,000-sq.-ft. manufacturing facility and initially employ 85 people. BIP and United Cabinet Holdings intend to bring substantial strategic, management and financial resources to support Touchstone’s long-term business plan.
Owens Corning unveils new shingles
Owens Corning Roofing & Asphalt has introduced its next generation of shingles designed to offer maximum durability. The new TruDefinition Duration Series Shingles are engineered with patented SureNail Technology to withstand the elements.
New SureNail Technology features a tough, woven engineered reinforcing fabric in the nailing area to deliver fast, easy and consistent fastening during installation. Its unique triple layer design offers fastener holding power and helps enable the shingles to withstand winds up to 130 mph with only four nails per shingle.
"The introduction of TruDefinition Duration Series Shingles represents our continued effort to bring new and innovative ideas to the market that will benefit our customers and end-users. Not only do these shingles help improve a home’s appearance and offer tremendous curb appeal, but our enhanced SureNail Technology provides shingles with added strength and durability," said Sue Burkett, marketing leader, Owens Corning Roofing & Asphalt.
The TruDefinition Duration Series offers three varieties: TruDefinition Duration Shingles, TruDefinition Duration Designer Colors Collection Shingles, and TruDefinition Duration STORM Shingles. The STORM Shingles feature Owens Corning-patented WeatherGuard Technology, which helps the shingles meet one of the industry’s standards for impact resistance, UL 2218, Class 4.
Skil relaunches website
Skil has unveiled its redesigned website, skiltools.com, which helps make projects easier for do-it-yourselfers and handymen. The new site features a revamped layout; updated images; and tips, tricks and product reviews.
An enhanced navigation system and expanded accessories section offers consumers an easy-to-use resource. In addition, the website offers improved ‘buy’ links, giving the user the ability to cross-reference projects and match tools to accessories.
Skiltools.com also allows browsers to easily share from the website to social media sites viaFacebook and Twitter.