ProDealer summit examines component business
The 2013 ProDealer Industry Summit slated for Nashville Oct. 23-25 will include a panel presentation on the business of components.
A panel of pro dealers will share thoughts on best practices that govern truss and other component operations.
Assembled on the panel are Chuck Bankston, president of Bankston Lumber, Barnesville, Ga.; Peter Alexander, CEO of BMC, Boise, Idaho; and Dale Carlson, president of Lyman Lumber, Excelsior, Minn.
The Component business presentation is set for Oct. 25, at 11:00 a.m.
The ProDealer Industry Summit is a national LBM event with some of the highest-performing dealers in the country. The event is sponsored jointly by HCN and the National Lumber and Building Material Dealers Association. To learn more, visit Prodealer.com.
DAP patch solves drywall problems
DAP is rolling out several new products this year, among which is the Presto Patch, a drywall repair solution that provides a hardier alternative to many of its traditional counterparts.
The Presto Patch is a pre-cut drywall circle attached to oversized taping paper with a matching foam template.
Repairing holes up to 3 7/8-inch or 6 7/8 inch in standard half-inch drywall, the Presto Patch can be easily installed by cutting the hole to size with the template and slipping the circle into place, which adheres at the edges. After plastering the paper down to the wall, it can then be sanded down and painted over.
The Presto Patch was developed in response to a growing demand for drywall repair solutions that would hold up in heavily trafficked areas, such as behind doorknobs that may cause (and repeat) damage.
BMC announces debt refinancing
Boise, Idaho-based BMC announced the closing of its $250 million aggregate principal amount private offering of Senior Secured Notes due 2018.
BMC used the net proceeds of the Senior Secured Notes offering to refinance its term loan, pay down its asset-based lending revolver, and pay related fees and expenses. BMC intends to use the remainder of the net proceeds for general corporate purposes.
“We are pleased with the positive response we received with respect to this offering and the ongoing support of all of our stakeholders,” said Peter Alexander, BMC CEO. “BMC continues to benefit from the improving housing market recovery, and I believe this offering will better position the company for success by strengthening our balance sheet.”
BMC distributes lumber and other building materials and provides customized millwork solutions and installation, as well as targeted construction services through 29 lumberyards, 15 truss manufacturing facilities and 24 millwork operations.
The company was honored by HCN as the 2012 Pro Dealer of the Year.