Knowlton takes charge at Norandex Building Materials
Glenn Knowlton has been named president and CEO of Norandex Building Materials Distribution, based in Husdon, Ohio.
Formerly VP sales and marketing for Norandex sister company Saint-Gobain Abrasives, Knowlton takes the lead role at Norandex at an exciting time, as many industry experts predict a market recovery in 2013.
"We have good, hard-working people at the corporate and branch levels ready, willing and certainly capable of servicing the needs of building professionals," Knowlton said in a prepared statement. "My goal is to provide our team with the resources necessary to provide unmatched service to our customers. I am ready to go out into our local markets with our local teams to shake some hands and ask how we can better help our customers."
In his previous role at Saint-Gobain Abrasives, Knowlton was responsible for leading a sales and marketing organization of more than 400 employees servicing and supporting the industrial, construction, aftermarket and do-it-yourself channels in the United States, Canada and Mexico. Prior to that, he served in various capacities with the Abrasives business.
"I clearly remember what it was like to pound the pavement, make cold calls and drum up business, and as a result, I have a keen understanding of what our customers face on a daily basis," said Knowlton.
As for his plans for Norandex, Knowlton said, "Norandex has earned a reputation as a premier distributor of building products for more than 65 years. I respect and honor that reputation and seek to do whatever I can to build upon it. These are exciting times at Norandex, and that translates to good things for our customers.
Norandex Building Materials Distribution is one of the largest distributors of exterior siding, windows and roofing in the United States. The company has more than 100 branches in 38 states that stock, sell and service residential and light commercial building products to builders and contractors. Norandex is part of the Building Distribution Sector of Saint-Gobain, which describes itself as the world’s largest supplier of building materials.
Lynn Lumber closes after 68 years
According to an article in the Daily Item of Lynn, Mass., Lynn Lumber closed its doors.
A sign on the yard reads: "Lynn Lumber has closed its doors after 68 years of business. We thank our loyal customers."
Richard Kessel is the current owner of the company, which was founded in 1945.
Weyerhaeuser reports strong 2012 earnings, sales
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Federal Way, Wash.-based Weyerhaeuser reported net earnings of $385 million on net sales of $7.1 billion for the full year 2012. This compares with net earnings of $331 million on net sales from continuing operations of $6.2 billion for the full year 2011.
The company reported net earnings of $143 million for the fourth quarter, compared with net earnings of $65 million for the same period last year. Net sales for the fourth quarter of 2012 totaled $2.0 billion, compared with net sales of $1.6 billion for the fourth quarter of 2011.
“As I look forward to 2013, I am excited by the opportunity to build on the momentum of this past year,” said Dan Fulton, president and CEO. “In 2012, we began to realize the results of our work to position the company to capture the benefits of an improving housing market. As a result, our bottom line improved significantly, the board increased the dividend, and our total shareholder return exceeded 50%, one of the best in our industry."
Fourth-quarter net sales totaled $298 million in the timberlands segment, up from $267 million in the third quarter of 2012. Net sales were $832 million in the wood products segment, up from $816 million in the third quarter. Net sales totaled $463 million in the cellulose fibers segment, up from $459 million.
Weyerhaeuser anticipates a slight profit from single-family homebuilding in the first quarter of 2013. Home closings should decline seasonally to approximately 500 homes, with margins comparable with fourth quarter.