Plum Creek completes acquisition
Plum Creek Timber Co. completed the acquisition of approximately 501,000 acres of industrial timberlands, associated mineral and wind assets, and interests in approximately 109,000 acres of high-value rural and development quality lands from MeadWestvaco Corp.
“Through this cash-accretive transaction, Plum Creek meaningfully grows our core timber management business, while also adding to our land and non-timber resources businesses,” said Rick Holley, CEO. “By significantly increasing our assets in the Southeast, we expand our presence in key markets, enhance our ability to service customers and are well positioned to capture value from these assets as markets continue to improve.”
Plum Creek owns about 6.8 million acres of timberlands in major timber-producing regions of the United States and wood products manufacturing facilities in the Northwest.
Versatex Trimboard hires regional rep
Pittsburgh-based Versatex Trimboard hired Dan Smith as a market development specialist for western New York and southeast Canada.
Smith is based in Canandaigua, N.Y. Until recently, he was a sales representative for Lakeside Quality Building Products in Ontario, N.Y.
"Dan brings an outstanding combination of practical knowledge and customer-focused attitude to his new position," said Versatex VP of sales Rick Kapres. "He understands business and he knows his way around a job site, so he appreciates the challenges that a contractor faces in the field."
Smith will report to Versatex regional sales manager Mark Rossi.
CPG says it is poised to deliver
It’s been about a year since AZEK Building Products and TimberTech joined forces under CPG Building Products, creating a shake-up in the distribution of decking, railing and trim.
CPG’s president Jason Grommon, responding to emailed questions, described the realignment of distribution within the industry as an exciting opportunity for what he called "two of the strongest brands in the industry."
Grommon added: "Because of the wide recognition of the AZEK Building Products and TimberTech brands, this may have been seen as a ‘shake up’ within the industry, but it is actually an unprecedented opportunity for all levels of the channel to enjoy the best quality and selection in premium, low-maintenance exterior products," he said.
The combination of AZEK and TimberTech under the CPG umbrella required changes in the company’s distribution partnerships, he said. "We are confident that we are entering the peak selling season with the strongest distribution network in the industry."