Roxul begins production in U.S.
Roxul, a manufacturer of stone wool insulation products, officially began production in Marshall County, Mississippi, at its first manufacturing facility located in the United States.
The $160 million plant encompasses 600,000 square feet and is located on a 100 acre site in the Chickasaw Trail Industrial Park, approximately 30 miles south of Memphis. This location will help Roxul maintain its growth in key insulation markets such as residential, commercial building, flat roof, and industrial applications, in the mid and southern USA and Mexico.
Roxul will employ approximately 150 workers on-site once the plant is fully operational.
The factories’ location was announced at a September 2012 event. The company officially broke ground on May 8, 2013, on the state-of-the art facility.
Roxul currently operates two North American facilities in Canada, located in Milton, Ontario and Grand Forks, British Columbia.
Sales rise, earnings improve for HD Supply
HD Supply, the Atlanta-based heavy-duty construction products wholesaler, reported first quarter net sales of $2.16 billion, up 6% from the first quarter last year.
“I am pleased with our solid performance this quarter, despite the adverse impact of the severe weather we experienced throughout February and March. We remain cautiously optimistic that our end markets will continue to build on the emerging strength that we are seeing in select geographies,” stated Joe DeAngelo, CEO of HD Supply. “We remain focused on controllable execution to deliver profitable growth in excess of our market.”
The industrial distributor that was once a division of The Home Depot narrowed its loss considerably in the quarter to $12 million, improved from a net loss of $131 million in the year ago period.
The company’s Construction & Industrial – White Cap division saw sales increase 11% to $344 million.
The company anticipates total net sales in the second quarter of fiscal 2014 to be in the range of $2.35 billion to $2.45 billion.
HD Supply serves the industrial market through some 650 locations and across 48 states and seven Canadian provinces.
Wet & Forget launches Great Backyard Giveaway
Wet & Forget is giving customers a chance to line their pockets with some added goodies.
The 2014 Great Backyard Giveaway is now live, offering eight prizes over the next eight weeks. That means entrants have eight different opportunities to win, provided they re-enter each week. All entries go cumulatively toward the ultimate Grand Prize drawing which increases (up to a maximum of $1,500) in value depending on the number of entries.
Week 1’s prizes include assorted Wet & Forget products, including Wet & Forget Shower, Wet & Forget Indoor and Miss Muffet’s Revenge, a spider-control product.
The following weeks will provide an assortment of possible freebies, including Visa gift cards of various amounts, outdoor furniture, fire pits, a high-end grill and more.