LP Building Products launches LP SolidStart LPI 530
LP Building Products has released the new LP SolidStart LPI 530 I-Joist in the West Coast region.
The I-Joist is bolstered by an LP SolidStart LVL flange — 1-5/16 in. x 2-1/16 in. (53mm) wide — for optimal load bearing capacity and performance, making it less likely to split, shrink, twist, warp or bow than solid sawn lumber. The flange is available in depths ranging from 9-1/2 in. to 16 in.
“By adding the LPI 530, we’ve provided an LVL-flanged I-Joist solution for the West Coast residential market,” said Kim Rogers, EWP product manager for LP Building Products. “Because of its light weight and long lengths, the LPI 530 installs quickly, helping save time and money as well as allowing for more open floor plans. The new LVL flange also has Douglas-fir nailing equivalency for attaching the floor sheathing.”
The I-Joists provide room for HVAC and plumbing and will be manufactured at the LP Building Products engineered wood products mill in Red Bluff, Calif.
Fiberon teams up with five new distributors
Fiberon has forged a series of new distributor relationships across the country in an effort to expand its footprint.
“Over the past few months, we’ve had the opportunity to partner with a number of exceptional distributors around the country,” said Doug Mancosh, president of Fiberon. "These new relationships with service-oriented distributor experts complement our existing channel network and will bring our extensive line of industry-leading composite decking and railing products to important new markets.”
The PVC and composite decking manufacturer has teamed up with Coastal Forest Products in Bedford, N.H.; Consolidated Distribution Services in New Jersey; J.M. Thomas Forest Products in Boise, Idaho, and Ogden, Utah; Lumberman’s Wholesale in Montgomery, Ill.; and Monsma Marketing, which serves lumberyards and home improvement centers in Michigan and Indiana.
The combined reach of the new agreements will bring Fiberon’s products to Long Island, New England, the tri-state region, portions of the midwest and a chunk of the Rocky Mountains region.
WD-40’s Q4 results a mixed bag
WD-40 Co. reported growth in net sales for the fourth quarter ended Aug. 31, though net income was down on a year-over-year basis.
Net sales saw an increase of 10% from 2012’s fourth-quarter sales, with year-to-date sales up 8% year-over-year at $368.5 million. Multi-purpose maintenance products, the company’s main product category, saw an even bigger boost, with a 16% increase to $81.6 million. Homecare and cleaning products were down 16% to $11.9 million, though the company is focusing less on this category as multi-purpose maintenance products experience increased growth.
Meanwhile, net income was down 9% at $8.1 million, though the year-to-date income of $39.8 million was up 12% from the prior fiscal year.
"We have been celebrating our 60th anniversary and are pleased to report a record year for the company during this important milestone," said Garry Ridge, WD-40 president and CEO. "Our tribe’s continued focus on our key strategic initiatives and thinking big about our future has paid off in spades with great results across all trading blocs. We continue to see ourselves as a growth company, and our performance supports that."
The company cited strong growth in the EMEA region, as well as its Asia Pacific business, which has experienced steady growth since 2009. Ridge also highlighted the potential of its China operations, where WD-40 experienced "a record year" but expects "some volatility along the way due to promotional timing, the fluctuations of building distribution, shifting economic growth patterns and varying industrial activities."