Morrison Terrebonne Lumber Center joins CNRG
Natchez, Miss.-based Central Network Retail Group (CNRG) has added Houma, La.-based Morrison Terrebonne Lumber Center as a new partner.
Doug Gregory, president of Morrison Terrebonne Lumber Center, has also been added to the board of directors at CNRG.
“Doug and his partners, David Vice, Greg Landry and Keith Voisin, have built a great company in Houma," said Boyden Moore, president of CNRG, which currently operates 21 home center and hardware stores, mostly under the Home Hardware brand. "They operate a dominant commercial/builder-focused home center, as well as a neighborhood True Value hardware store.”
The Morrison Terrebonne Lumber Center store will continue to operate under that name. The St. Charles (La.) True Value store is being converted to a Home Hardware Center.
“The partnership with Doug and his team is exciting because it enhances our market share, while at the same time adding expertise to the team at CNRG,” said Jimmy Smith, chairman of CNRG. “Doug, David, Greg and Keith will drive our growth along the Gulf Coast, as well as help us improve how we approach the contractor and builder business."
Simpson acquires S&P Clever
Pleasanton, Calif.-based Simpson Manufacturing has entered into an agreement to purchase all of the shares of S&P Clever Reinforcement Co. AG and S&P Reinforcement International AG (collectively “S&P Clever”).
Both companies are incorporated under the laws of Switzerland, for 54 million Swiss Francs (US$61.4 million), subject to post-closing adjustments. The transaction is expected to close in January 2012.
S&P Clever manufactures and sells engineered materials for repair, strengthening and restoration of concrete and masonry construction and has operations in Switzerland, Germany, Portugal, Poland, The Netherlands and Austria.
A green store is born in Texas
A green-focused home improvement retailer called TreeHouse was born last month when the founders opened a 25,000-sq.-ft. store in Austin, Texas.
The business owners said they recognized the growing demand for sustainable and healthy-living products, which are organized across the store in the categories of health, performance, corporate responsibility and sustainability.
One theme of the store: Being green doesn’t always mean you have to pay more or change your lifestyle.
“Becoming more responsible doesn’t have to mean overhauling everything you do; it’s easy to make incremental changes," said TreeHouse CEO Greg King. “But whether you’re taking small steps or a big leap, we can help you do it by offering smart choices."
TreeHouse will carry a wide range of merchandise, including paint, floor and wall coverings, kitchen and bathroom fixtures, cleaning supplies, storage and organization options, solar power products, plus a wide range of smart-home technology solutions that will allow customers to run their houses or businesses more efficiently.
All products sold at TreeHouse undergo a stringent screening process, according to the company.
A spokeswoman said expansion to more locations is a part of the long-term business plan, but the company is currently focused on the success of its first store.