Lowe’s plans openings in Arizona, Kentucky and Virginia
Lowe’s will hold grand opening ceremonies later this month at locations in Arizona, Kentucky and Virginia.
A117,000-square-foot store will open its doors in North Peoria, Ariz., on Tuesday, July 29, with a grand opening ceremony to follow on July 31.
Another 117,000-square-foot store is slated to open on July 29 in Shepherdsville, Ky. That location will also have a further grand opening ceremony held on July 31.
Athird store of the same size is planned to open on July 25 in North Winchester, Va., with a grand opening celebration to follow on July 31.
All of the new stores represent an approximately $18.5 million investment per location, according to the retailer. The grand opening ceremonies include various gift card giveaways and donations to each community’s respective Habitat for Humanity organization.
Weyerhaeuser to permanently close OSB mill
Forest products giant Weyerhaeuser will permanently close its idled Structurwood OSB mill in Drayton Valley, Alberta, Canada. The mill has been idled since December 2007.
Weyerhaeuser still maintains a dimensional softwood lumber sawmill in Drayton Valley, which it continues to operate.
“Factors that led to the original decision to idle the Drayton Valley Structurwood mill — the decline in the U.S. housing market and the high Canadian dollar — have not changed since that decision,” said Phil Dennett, vp-strand technologies for Weyerhaeuser, in a statement.
“Weyerhaeuser is working with the Government of Alberta to find ways to enhance the viability of our remaining mills in the region,” Dennett added, including a further mill in Edison, Alberta.
The mill originally employed around 130 people — some have moved to other areas of the Weyerhaeuser business, while some were given severance, the company said.
Weyerhaeuser out, BlueLinx in at AERT
Advanced Environmental Recycling Technologies (AERT), the Springdale, Ark., makers of ChoiceDek, has formally ended its Lowe’s distribution agreement with Weyerhaeuser, according to a July 8 filing with the Securities and Exchange Commission (SEC). BlueLinx will replace Weyerhaeuser as the distributor of ChoiceDek decking and accessories to Lowe’s, which carries the products exclusively.
Terms of the BlueLinx agreement are similar to those in AERT’s previous Weyerhaeuser agreement, the company said in its SEC filing.