Lowe’s to build another Georgia distribution center
Mooresville, N.C.-based Lowe’s will build a 1.4 million-sq.-ft. distribution center in Rome, Ga., according to an article in the Charlotte Business Journal.
The distribution center, described by the newspaper as a $125 million facility, will begin serving Lowe’s stores in western Georgia, northern Florida and Alabama beginning in 2013. It’s located in the North Floyd Industrial Park.
Lowe’s also operates three other supply-chain facilities in Georgia. These are located in Palmetto, Savannah and Valdosta.
Valdosta is also the site of a Home Depot rapid deployment center.
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Manasquan Premium Fasteners expands product line
Brick, N.J.-based Manasquan Premium Fasteners, a provider of stainless steel fasteners to the residential, commercial and marine construction industries, has expanded its inventory with product offerings from Starborn Industries and Simpson Strong-Tie, as well as the addition of six lobe star drive stainless steel screws for wood and composites.
Specific additions to the product line include Smart-Bit Pro Plug System designed by Starborn Industries and Simpson Strong-Tie Stainless Steel Framing Connectors and Seismic & Hurricane Ties.
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Soil and mulch supplier merges with biomass energy developer
Coastal Supply Co., a supplier of bagged soil, mulch and stone products to such companies as Home Depot and Lowe’s, has been purchased by Harvest Power, which processes organic materials to generate energy. Financial terms of the deal were not disclosed.
Coastal Supply is a Delaware-based company that distributes its products through 14 states. The company will be renamed Harvest Garden Pro, but Joe Kollock and Steve Liffers will continue to lead the company as co-presidents.
Harvest Power, based in Waltham, Mass., owns and operates renewable energy facilities in British Columbia, Ontario, California and throughout the Mid-Atlantic states. It produces energy through nutrient-rich soils, mulches and fertilizers. Last week, the three-year-old company raised $1.25 million of a targeted $2.25 million in private equity funds, according to the Boston Business Journal.
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