LUMBERYARDS

Plum Creek Timber creates new post for Punke

BY HBSDEALER Staff

Plum Creek Timber appointed Timothy Punke as senior VP, corporate affairs and public policy, effective Oct. 1.

His responsibilities will include oversight of government relations, communications, sustainability and environmental affairs. He will report to CEO Rick Holley. 

Before being tapped for the newly created position, Punke served in a variety of leadership roles during his nearly 20-year career in federal government affairs and communications. He joins Plum Creek from Monument Policy Group, a bipartisan public policy consulting firm with offices in Washington, D.C., and Seattle, and was previously a partner at the law firm of K&L Gates 

“Tim’s breadth of experience and expertise in the corporate affairs and public policy arenas make him an excellent addition to our leadership team,” said Holley. “The creation of this new position underscores the increasing importance of these functions in helping achieve corporate objectives, and the role Plum Creek and the industry can serve in helping address multiple challenges and opportunities, such as those related to the economy, energy and climate.”

Punke earned a Bachelor of Arts and Juris Doctor from Cornell University. 

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New England lumber wholesaler adds Fiberon to mix

BY HBSDEALER Staff

New London, N.C.-based Fiberon teamed with distributor Coastal Forest Products to deliver composite and PVC decking and railing products to lumberyards on Long Island and the eastern counties in New York, and all of New England.

“Coastal Forest Products is a trusted company serving New England,” said Doug Mancosh, president of Fiberon. “Their service footprint expands our distribution geography and increases our presence in these key markets."

Fiberon PVC and composite decking and railing products are sold to professional contractors through a national and international network of distributors and retail outlets. 

Coastal Forest Products is an East Coast provider of specialty products based in Bedford, N.H.

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Trex posts strong earnings for Q2

BY HBSDealer Staff

Trex Company’s second-quarter results showed strong growth in sales and earnings, up 4.5% in sale and up 57% increase in earnings per share. 

“Our 2013 strategy of providing a full line-up of high-performance decking and railing products made a strong contribution to our growth in sales," said chairman, president and CEO Ronald W. Kaplan. "These improved results indicate that our product innovation, sales programs and low-cost manufacturing strategies continue to contribute to our goal of increasing shareholder value. At the same time, our strong cash generation is further bolstering our capital structure, giving us an even stronger foundation and more flexibility to grow our business and pursue strategic opportunities."

The results, announced Tuesday for the second quarter ended June 30, highlighted net sales of of $98.6 million, compared to $94.3 million a year ago.

Net income totaled $13.2 million, or $0.76 per diluted share, compared to $8.4 million ($0.48 per share) during 2012’s second quarter.

Kaplan stated that the company expects net sales of $72 million in Q3.

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