LUMBERYARDS

LG expands scope of Door-in-Door feature

BY HBSDEALER Staff

LG Electronics is bringing its Door-in-Door technology to an even wider range of products, which now includes the side-by-side refrigerator category.

The original "door-within-a-door" feature provides easy access to snacks and beverages within the interior compartment, allowing users to grab various go-to items wihout opening the entire fridge door.

It’s easy to open — a push of a button on the door handle releases the magnetic seal to the compartment. But it also comes with an added purpose — that of reducing cold air loss and maintaining freshness.

"LG’s patented Door-in-Door feature, which was first introduced on our French-door refrigerators, has become widely popular among busy American families," said David VanderWaal, head of marketing for LG Electronics USA. "Now we’re breathing new life into the side-by-side category with this innovative feature."

The latest export to boast this feature is the newest LG Energy Star refrigerator, which also featuers Integrated SmartPull handles, stainless steel exterior, interior LED lighting and 22 cubic feet of space.

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Snavely promotes Elizabeth Grieff

BY HBSDEALER Staff

Snavely Fores Products has promoted Elizabeth Grieff to the role of engineered wood products manager.

In her new role, Grieff will oversee the department, which represents a cornerstone of the Snavely legacy of being among the first to produce engineered wood.

In her former role, she was working as an engineered wood technician since joining the company in 2012.

"She has shown exemplary service and her promotion was an obvious choice to continue to lead us on the path of growth," said Bryan Kirit, general manager of Snavely Forest Greensboro.

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Rayonier makes the split official

BY HBSDEALER Staff

Rayonier has officially made the planned split of its Performance Fibers business unit, which is heretoforth to be known as Rayonier Advanced Materials.

“Today’s announcement is a major milestone in the completion of our separation,” said Paul Boynton, chairman, president and CEO. “Rayonier and Rayonier Advanced Materials will soon be independent, industry-leading publicly traded companies, each with its own opportunities to maximize value for our shareholders.”

There will also be a special dividend distribution, effective June 27, of all outstanding shares of Rayonier Advanced Materials common stock to Rayonier’s shareholders.

Afterwards, Rayonier Advanced Materials will be an independent, publicly traded company to begin trading around June 30, 2014 under the ticker symbol RYAM.

Meanwhile, Rayonier will retain the symbol RYN and continue operating as an independent real estate investment trust, with ownership of the existing Forest Resources and Real Estate businesses.

Former Pope Resources CEO David Nunes will take over as CEO of Rayonier, Inc., though he’s onboarding at first as the company’s COO. Bonyton will eventually take the helm at Rayonier Advanced Materials.

The tax-free spinoff was in the works for about two years.

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