LUMBERYARDS

Marlin Lumber hires two veterans

BY HBSDEALER Staff

Albertson, N.Y.-based Marlin Lumber Sales Corp., which offers mill direct sourcing for hardwood flooring, welcomed industry veterans Kevin Kelly and Dave Nickodemus to the Marlin sales team.

"Both Kevin and Dave are key additions to the Marlin sales team," said Jan Schottenfeld, Marlin Lumber president. "We view these appointments as a sign of our commitment to continued leadership in the industry. I’m confident that Kevin and Dave will play key roles in provideing high quality solutions for our customers." 

Nickodemus has worked for the past 11 years with Tuson Trading Corp. Kelly has most recently worked with Teka Hardwood Flooring, and also with The Burruss Company, Augusta Lumber and Owens Flooring.

Marlin Lumber was founded in 1953.

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Sherwin-Williams ends bid for Comex

BY HBSDEALER Staff

A long, drawn-out acquisition affair is over, and not with a happy ending for its parties.

After months of regulatory delays, Sherwin-Williams has terminated its bid for Comex Mexico, effective immediately.

Initially dated Sept. 16, 2013, the amended and restated stock purchase agreement was officially terminated by Sherwin-Williams after it sent a notice to the sellers on April 3. The agreement had stipulated that either party may terminate the deal in the event that the closing of the acquisition did not occur on or prior to March 31, 2014.

The company also filed a complaint for a declaratory judgment in the Supreme Court of the State of New York, New York County, requesting the court to affirm it has made commercially reasonable efforts and not breached the agreement. The sellers announced on April 1 that they believed Sherwin-Williams had breached its obligations to use commercially reasonable efforts.

Sherwin-Williams had initially agreed to purchase Consorcio Comex in November 2012, but the Federal Competition Commission of Mexico put a hold on the acquisition in July of last year. In September, Sherwin-Williams announced its acquisition of the paint company pending regulatory approval, but was turned down again in October.

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MoistureShield Double Play Rebate now in effect

BY HBSDEALER Staff

Through June 30 of this year, MoistureShield is offering contractors double its usual $0.50 rebate in the MoistureShield Double Play Rebate.

The baseball-themed program allows deck builders to earn a $1.00 rebate per deck board, provided they’re part of the MoistureShield Valued Partner program. Additionally, all forms must be submitted by July 31.

"What’s more American than baseball, and spending time on the deck?" said Brent Gwatney, SVP sales and marketing for MoistureShield. "We know how important the kickoff of decking season is to our contractors and want to make sure we support them as much as possible."

Dealers can also apply for a dealer rebate through the MoistureShield website.

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