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NAHB 50+ Housing Council names new chair

BY HBSDEALER Staff

The National Association of Home Builders’ 50-plus Housing Council has named Joanne Theunissen, a small-volume custom builder from central Michigan, as its new chair, the group has announced.

The NAHB 50+ Housing Council serves the 50-plus seniors housing industry and is a leading source of information and research on the active adult, independent living, service-enriched and assisted-living markets.

“With millions of boomers reaching retirement age, the 50-plus housing market is one of the fastest growing segments of the industry, and builders are starting to take notice,” said Theunissen.

Theunissen also serves on the NAHB’s Public Affairs Committee, Green Builder Subcommittee and board of directors. She also currently chairs the NAHB Working Group for the upcoming National Green Building Conference held in May in New Orleans.

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Wolseley makes acquisitions in U.S., abroad

BY HBSDEALER Staff

Stock Building Supply, the industry’s second largest pro dealer, has purchased Precision Doors & Hardware, a company specializing in the sales, installation, service and repair of commercial and industrial doors, frames, door hardware, washroom accessories and control systems. Precision Doors & Hardware operates from five locations in the Washington, D.C., area. In 2006, the most recent year made available, the company posted revenues of $43.3 million.

Ferguson Enterprises, Stock’s sister company, has acquired assets of two companies: C.B. Group, which does business as JC Plumbing Supply in San Francisco. JC Plumbing is a distributor operating from two facilities. Revenues in 2006 were $4.4 million. The other acquisition was Mastercraft Cabinets, a cabinet distributor operating from a single facility in Naples, Fla. In 2006, Mastercraft had revenues of $5.1 million.

Since the beginning of its fiscal year on Aug. 1, 2007, U.K.-based Wolseley, the parent company of Stock and Ferguson, has spent $66.2 million to acquire a total of 15 bolt-on acquisitions in Europe and North America. These 15 acquisitions are expected to add approximately $527.6 million in revenues annually.

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Death penalty sought in store manager shooting

BY HBSDEALER Staff

The Orange County District Attorney’s Office has charged Jason Russell Richardson, a man accused of shooting and killing a Home Depot store manager, with one count of murder during the commission of a robbery, a special circumstances charge that carries the death penalty in California.

Richardson is being held without bail. According to the Tustin Police Department, the 37-year-old parolee has been previously convicted of rape, sexual assault on a minor, residential burglary, grand theft, possession of stolen property and narcotics charges.

The victim, assistant store manager Tom Egan, was shot and killed after he came to the assistance of a cashier being robbed at a Home Depot store in Tustin, Calif., on Feb. 9, 2007. The robber came into the store disguised in painter’s coveralls, dust mask and hard hat. Based on DNA evidence left at the scene, police arrested Richardson two weeks later.

Aformer U.S. Marine, Egan is survived by his wife and twin daughters, aged 4. He was an employee of Home Depot for 13 years.

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