Keith Brown closes California unit
Keith Brown Building Materials, an LBM chain with locations in Oregon and California, has closed its location in Visalia, according to the Visalia Times-Delta. The Central Valley newspaper reported that Keith Brown emptied out the lumberyard two weeks ago.
The Visalia branch was once part of the Copeland Lumber chain, which sold 21 units to Keith Brown in 2000. Keith Brown later closed or consolidated a number of these locations. The Salem, Ore.-based pro dealer now operates 10 units in Oregon and California. It ranked 132nd place on Home Channel News’ Pro Dealer Top 350 Scorecard, with $63 million in sales for 2007.
Ferguson opens new Tennessee showroom
Ferguson, one of the leading plumbing and HVAC distributors in North America, has announced the opening of a new branch in Jackson, Tenn. The 4,500-square-foot showroom will sell plumbing fixtures, lighting and appliances.
Ferguson’s parent company, U.K.-based Wolseley, recently announced that it reduced Ferguson’s headcount by 1,110 workers and closed 50 branches during the past quarter, which ended on Oct. 31, 2008. These actions were taken in preparation for expected declines in commercial and industrial construction in the early 2009, the company said.
Ply Gem to shutter plants
Ply Gem Industries, a manufacturer of exterior building materials, has announced its intention to close two window and door manufacturing plants. They are located in Hammonton, N.J. and Phoenix. Approximately 306 employees will be affected.
In a prepared statement, Gary Robinette, Ply Gem’s president and CEO, attributed the decision to market conditions. The Hammonton and Phoenix locations were chosen because of their proximity to other Ply Gem facilities, according to the company.
On Nov. 10, Ply Gem reported third quarter net sales of $342.8 million, a 7.3 percent decrease from the previous year. Net loss before unusual items for the third quarter was $4.1 million, compared to net income of $11.6 million for the third quarter of 2007. Net loss for the past quarter including goodwill impairment, net of taxes was $190.8 million.