LACN: Beware of phony compliance charges
The Lumber Association of California & Nevada (LACN) has alerted members to a scam involving a group that calls itself the California Labor Compliance Bureau.
The group is soliciting "processing fees" of $275 for labor-related postings. The problem is, the group has no affiliation with the California Labor Commission’s office, and is not authorized to issue citations or charges on behalf of California, according to Julie A. Su, labor commissioner.
The LACN warned members of the misleading business solicitation in an LACN memo to members.
“Californians should be vigilant about scams like this in which an entity adopts a name meant to suggest some legitimate authority and tries to cheat employers out of their hard-earned money," Su said in a release from her office. "If an employer is ever approached by someone claiming to be a state investigator who requests payment on site for any reason, we urge you to call us immediately at (415) 703-4810."
In Charlotte, siding conference slated for Nov. 14-15
Siding 2011, organized by Principia, will kick off with a keynote speech on the future of the industry by Peter Dachowski, former CEO of Certainteed.
In addition to the Dachowski presentation, the first day of Siding 2011 will include sessions on "Curb Appeal" and "Distribution Channel Dynamics." A panel discussion with builders and siding contractors will touch on several issues.
The second day will include a presentation on Energy Efficiency and Comfort, wrapping up with another builder and contractor panel discussion on energy-efficient design.
Former ProBuild execs form LBM company
Several former executives from ProBuild Holdings, led by former CEO Paul Hylbert, have announced their plans to form a building materials distribution company called Kodiak Building Partners.
Based in Denver, Kodiak will invest in building products companies serving new residential, repair and remodeling, and commercial construction markets across the United States, according to the announcement. The company and its investor partners are looking for businesses in the $10 million to $100 million sales range where it can support management and help grow the business. Kodiak will provide capital and strategic support to allow its operating partners to make the decisions locally, which reflect conditions in their individual markets, according to its principals.
“We believe the time is right to acquire assets in this space,” said Hylbert, Kodiak chairman and CEO. “While construction activity in general remains very weak, we believe that this business will recover and are looking to partner with strong management teams to participate in the upturn.”
Joining Hylbert at Kodiak is Steve Swinney, who will act as president and COO, as well as Kyle Barker, Brian Cleveringa and Eric Miller, who will be managing directors. Swinney is a former VP finance, planning and analysis at ProBuild. Barker, Cleveringa and Miller also worked in ProBuild’s financial division.
Last July, Kodiak purchased Barton Supply, a Colorado fabricator and distributor of structural and reinforcing steel products and accessories. The company serves both the commercial and residential markets through its general contractor, foundation and framing sub-contractor, and home builder customers from locations in Aurora, Colorado Springs and Fort Collins, Colo.
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Mar-05-2012 07:56 am