ProBuild to close three units
ProBuild Holdings has closed its locations in Montgomery and Chester, N.Y., and Franklin, N.J., a company spokeswoman has confirmed. “All three served the same market, along with 10 other [ProBuild] facilities in the greater New York/New Jersey market,” said Carolyn Atkinson. Employees were notified late last week, Atkinson said, and the facilities are now in the process of shutting down.
Montgomery and Chester are located north of the New York City suburbs, near the Hudson River. Franklin is part of New Jersey’s Sussex County.
ProBuild has been able to minimize job layoffs by reassigning 27 employees to other locations, Atkinson said. Nine workers will receive severance packages as a result of the closures.
“We are still in an aggressive acquisition mode, and we’re still looking for companies [to acquire],” she added.
ProBuild is the nation’s largest LBM chain, with more than 550 locations and $5 billion in sales in 2007.
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American Woodmark falters in the fourth quarter
Winchester, Va.-based American Woodmark saw earnings falter in the fourth quarter on declining new construction sales as well as lower remodeling sales.
Net income fell to $36,000 from $6.18 million in last year’s fourth quarter. Sales fell 14 percent to $143.3 million from $166.1 million in the same period last year.
The manufacturer saw a decline in gross profit margin, primarily due to the “unfavorable impact of inefficiencies in labor, overhead and freight costs stemming from lower sales volumes, as well as the impact of rising fuel prices upon freight and materials costs,” according to a statement.
For the full year, earnings fell 86.9 percent to $4.27 million from $32.56 million in 2006.
Sales were down 20.8 percent in 2007, to $602.4 million from $760.9 million in the prior year.
American Woodmark manufactures and distributes kitchen cabinets and vanities through 14 manufacturing facilities and nine service centers in the United States.
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Do it Best names plumbing merchandise manager
Do it Best has named Todd Miller as plumbing merchandise manager, the Fort Wayne, Ind.-based co-op announced. In this position, Miller will assist Do it Best member-owners in the selection and marketing of plumbing products, evaluate existing and new plumbing products and implement retail service center and drop ship programs.
Miller was hired by Do it Best in 1997 as an associate merchandise manager in plumbing and has served as housewares merchandise manager for the past five years. Prior to joining Do it Best, he was in hardware store management.
Todd’s retail experience, combined with his previous experience in the plumbing category, is a tremendous benefit to our member-owners,” said Steve Markley, vp-merchandising for Do it Best. “Plumbing is a broad product category, and our members serve everyone from professional plumbers to weekend warriors doing their own repairs or remodeling projects.”