LUMBERYARDS

NLBMDA spring meeting includes Builder Homesite

BY Ken Clark

The National Lumber and Building Material Dealers Association (NLBMDA) announced that Tim Costello, president and CEO of Builder Homesite, will address the NLBMDA board of directors on March 18 during the group’s Spring Meeting & Legislative Conference.

All NLBMDA members are welcome to attend the address.

The conference will take place March 18-20 at the Crystal City Marriott in Arlington, Va. Also at the event, Senator Angus King (I-Maine) will be a featured speaker during the Washington Briefing breakfast.

The conference will also include a special-ticketed event featuring Bill Kristol, who will speak during the March 18 NLBMDA LuDPAC fundraising luncheon. Kristol is the editor of the influential Washington-based political magazine, The Weekly Standard. He is widely recognized as one of the nation’s leading political analysts and commentators and regularly appears on FOX News Sunday and FOX News Channel.

The Spring Meeting and Legislative Conference, hosted by the NLBMDA and the Window and Door Manufacturers Association, runs March 18-20. 

The NLBMDA’s early-bird registration was extended to Feb. 22. For more information, visit leg-con.org.

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W.T. Harvey acquired by CNRG

BY Ken Clark

Natchez, Miss.-based Central Network Retail Group (CNRG) has acquired W.T. Harvey Lumber of Columbus, Ga.

Harvey currently operates two stores — one in Columbus and one in Phenix City, Ala.

The company was established in 1863 and is one of the oldest lumberyards in the country. W.T. Harvey will continue to be managed by the founder’s great-great grandson, Bailey Gross, who has been hired by CNRG.

“We are excited about the addition of the W.T. Harvey to our company,” said Jimmy Smith, chairman of CNRG. “W.T. Harvey is a great fit with our strategy at CNRG.”

CNRG president Boyden Moore described W.T. Harvey as a good company that hit hard times. "Bailey and his team have built great relationships with their customers over the years," Moore said. "We are excited to invest in this opportunity and help improve their ability to take care of their customers’ needs. This will be a great example of the synergy that CNRG was designed to create.” 

CNRG currently operates 41 home center and hardware stores in Mississippi, Louisiana, Alabama, Tennessee, Texas, North Carolina and Georgia under the Home Hardware Center, Morrison Terrebonne Lumber Center, NFL Home Center, Elliott’s Hardware, Town & Country Hardware, Habersham Hardware and Home Center, and W.T. Harvey Lumber brands. CNRG was formed on May 1, 2011, by Smith, president of Home Hardware and Moore, president of Tyndale Advisors. The company says it is "building a multi-format, multi-brand operating company through strategic partnerships and acquisitions."

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BlueLinx reports narrowed loss for full year

BY Ken Clark

BlueLinx Holdings, the Atlanta-based distributor of building products, reported a loss of $23.0 million for the full year ended Dec. 29. That compares with a loss of $38.6 million in the prior year.

Sales for the year increased 8.7% to $1.91 billion.

"As we move forward in 2013, we are confident in our ability to both increase our penetration of a growing market and maintain the operating discipline that we demonstrated over the last several years," said George Judd, president and CEO.

"Our outlook in 2013 is based on expectations of a significant increase in revenue from 2012." 

In the fourth quarter, the distributor posted a 12.6% sales gain to $440.3 million. However, the company’s fourth-quarter loss increased to 11.4 million, compared with $10.3 million in the same quarter last year. 

Judd also pointed to "the highest gross profit margins on record as we focused on opportunities for profitable growth."

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