LBM company closes after 118 years
Norfolk Sash & Door, a supplier of windows, doors, molding and security hardware in Virginia’s Tidewaters area since 1893, closed its business on July 29, according to an article in the Virginian-Pilot.
Originally opened as a sawmill, the family-owned business grew into a full-service building materials supplier and moved into a Norfolk industrial park in 1961. Owner Howard Filer, whose grandfather bought the company with two other partners in the 1920s, blamed the prolonged housing downtown for the failure of the business. Demand for the doors, knobs, lumber and framing supplies the company sells has plummeted, he said. "There are no customers out there," Filer added.
Revenues dropped below $3 million last year, according to the newspaper, and Filer gave the business until June to improve. When that didn’t happen, Filer began calling construction yards in s 50-mile radius to look for jobs for his seven remaining employees.
Weyerhaeuser completes sale of hardwoods business
Federal Way, Wash.-based Weyerhaeuser Co. has completed the sale of its hardwoods business to American Industrial Partners.
Total proceeds from the sale will be approximately $108 million.
Assets included in the transaction are located in Tuscumbia, Ala.; Elkhart, Ind.; Grand Rapids and Lewiston, Mich.; Brainerd, Minn.; Coos Bay, Eugene and Garibaldi, Ore.; Titusville, Pa.; Arlington, Centralia and Longview, Wash.; and Dorchester and Onalaska, Wis.
The business manufactures and distributes appearance lumber and plywood for use in cabinets, moldings, architectural millwork, panel furniture and retail boards. It also makes material for use in pallet cants and ties.
Making green homes stand out in a tough market
Green features around the house are an increasingly important part of a home sale in a buyer’s market, according to Bloomberg report.
While the housing slump enters its sixth year, builders in Texas and California are explaining the benefits of environmentally friendly features that can add appeal to new construction.
The article points to stats that show green homes accounted for 16% of the estimated $100 billion home-building industry last year, up from 2% in 2006.