ProBuild shutters 12 locations
“We will be exiting three markets, consolidating our operations in three markets and eliminating lines of business in three markets,” said president and CEO Fred Marino in a memo sent to ProBuild employees last month.
All told, the company’s latest round of closings amounts to 12 shuttered locations across the country.
“We will continue to serve our customers in the majority of markets with a more efficient footprint and/or a rationalized service offering suited to each market.”
Most of the closures are expected to take place by Nov. 15, 2011. The company will make market exits in Yorkville and Westmont, Ill.; Columbia, S.C.; and South Fork, Colo. It plans market consolidations in Granite Falls, Sedro-Woolley, Coupeville, Bonney Lake and Moses Lake, Wash.; and Cherry Hill, N.J.
ProBuild also plans service reductions in Greensboro, N.C., and Fredericksburg, Va. For these locations, only ProBuild’s gypsum operations will remain in the market. The gypsum operation in Lynchburg, Va., will be discontinued, although that location will remain open and continue its lumber operations.
“It is difficult to make the decision to close operations because we recognize the impact it will have on our employees and the communities we serve,” Marino said in the memo. “But this step is made to improve overall profitability of the company, and to retain jobs and more effectively serve our customers across the country.
“ProBuild is facing tough decisions like this all around the country as we continue to deal with a struggling economy. But we are confident that by making these difficult decisions now, ProBuild will ultimately be better positioned to weather the downturn and eventually thrive when market conditions become more favorable.”
ENAP lumber conference attracts a crowd
Lumber and building material dealer co-op ENAP, Inc. held its Forest Products Conference October 23-25, 2011 in Baltimore, MD.
“Despite extremely difficult market conditions, attendance by both the member and vendor community exceeded our expectations and speaks volumes to the commitment we have to the future of this industry," saic Duncan Facey, VP of Forest Products for ENAP. "The Conference provided insight on what lies ahead for all of us in 2012.”
Specificially, the conference delivered on a variety of presentation and seminar topics, including:
• Keynote Speaker Dr. Edmond Siefried, Professor Emeritus of Economics and Business at Lafayette College in Easton, PA, who presented “Current Recovery without a Healthy Housing Sector?”
• “A Market Overview” presented by Frank Turnbull, Marketing & Member Development, Canfor; and
• “Lumber Grade Rules…Have They Changed?” presented by Frank Stewart, Technical & Product Support Services Director, WWPA.
“The quality of the representation at the mill level made the investment extremely worthwhile," John Callahan, Riverhead Building Supply, Riverhead, N.Y. "The fact that there were so many decision-makers in attendance is a testament to the value that ENAP brings to the table on both sides of the business equation.”
84 Lumber to close in Fruitland, Md.
National pro dealer 84 Lumber will close its yard in Fruitland, Md., one of the prime commercial real estate spots in the area, according to an article in the Daily Times.
A purchasing agreement is already in the works for the five-acre site, which was the former home to Masten Lumber & Supply Co. The new owners hope to develop a mixed-use restaurant and retail project at the busy intersection.
The sale is scheduled to finalize for an undisclosed amount early this month, with a store-closing sale next month, the newspaper reported.