Pro-Build Holdings to acquire New Mexico-based dealer
Denver-based Pro-Build Holdings has announced another acquisition — of Lumber Inc., a distributor of lumber, flooring and roof trusses based in Albuquerque, N.M.
Terms of the deal were not disclosed.
In a news release, Pro-Build characterized the move as one more piece of an “aggressive strategy” to further expand the pro dealer’s presence in “major markets.”
“The Lumber Inc. acquisition provides Pro-Build with access to Albuquerque’s strong housing market,” the company said. “[The Albuquerque housing market] was ranked in the top 50 in the U.S. in single-family permits in 2006. The Lumber Inc. locations will complement Pro-Build’s existing operations in Santa Fe and Albuquerque.”
Lumber Inc. operates four locations in the greater Albuquerque market, one location in Santa Fe and one in Las Cruces, N.M. Its customers include national and regional production builders as well as custom builders.
Late last month, Pro-Build announced it would purchase the LBM division of HD Supply. A spokeswoman for HD Supply confirmed it had signed a letter of intent to purchase most of the assets of HD Supply’s lumber and building materials business, which operates out of 19 lumberyards in the Atlanta area and 20 in Florida.
Tim-Br Marts hires new vp-finance
Calgary, Alberta-based Tim-Br Marts has announced the appointment of Mike Powell to vp-finance, effective Dec. 10.
Powell formerly worked with waterproofing products company IKO Industries for 13 years. He most recently served as vp and general manager for Star Building Materials.
In his new position, Powell will be responsible for overseeing and managing company finances. He will be based in the company’s Calgary office.
Tim-Br Marts had 2006 retail sales of $3.4 billion Canadian (US$3.35 billion).
Home Depot launches new format in Canada
Home Depot Canada has announced the launch of a newly designed “project store” in Richmond Hill, just north of Toronto. The 115,000-square-foot unit, which opens on Dec. 13, has been reoriented to address the construction and design needs of home remodeling projects. Among the new features are five dedicated service desks staffed by specially trained associates who can help customers with entire projects, including installation.
Electronic kiosks will provide access to homedepot.ca and the ability to place special orders, book installations and look up prices. Throughout the store, customers will also have access to “We Can Help” stations with call boxes, tapes measures, paper and pencils and promotional materials.
In addition to an 18,000-square-foot garden centre, the redesigned store features six new showrooms that will change with every season.
This week’s unveiling of the redesigned store, located in one of the wealthiest suburbs of Ontario, coincides with the entrance of Lowe’s into Canada. Home Depot’s retail rival opened three units in the Toronto suburbs on Dec. 10.