Sales, income jump at Jewett-Cameron
Jewett-Cameron Trading Co. reported first-quarter 2013 sales of $9.30 million, compared with sales of $7.24 million for the first quarter of fiscal 2012.
Net income for the distributor for the quarter, which ended Nov. 30, 2012, was $480,746, compared with net income of $64,033 a year ago.
"The increase in sales for the quarter was due to successful sales efforts to increase market share of our existing products, as well as our recent introduction of new pet containment products," said CEO Don Boone.
As of Nov. 30, the company’s cash position was $7.26 million, and currently there is no borrowing against its $5.0 million line of credit.
Jewett-Cameron Trading Co. is a holding company that operates through subsidiary companies. Jewett-Cameron Lumber Corp. is a wholesaler of wood products and a manufacturer and distributor of specialty metal products, sold principally to home centers and other retailers. Greenwood Products is a processor and distributor of industrial wood and other specialty building products principally to customers in the marine and transportation industries. MSI-PRO is an importer and distributor of pneumatic air tools, industrial clamps, and the Avenger Products line of sawblades and other products. Jewett-Cameron Seed Co. is a processor and distributor of agricultural seeds.
H&H to join Lyman Lumber Co.
US LBM Holdings has acquired H & H Lumber Co. of Superior, Wis., which will become part of the Lyman Lumber Co.
H&H serves the northern Wisconsin and greater Duluth, Minn., markets, providing home builders, specialty contractors and professional remodelers with a full-suite of building materials and services. The company joins Lyman Lumber Co., a US LBM division that is one of the largest building material suppliers in Minnesota and Wisconsin.
"H&H`s excellent reputation and leading presence in its market made it an attractive fit for Lyman," said Dale Carlson, president of Lyman Lumber Co. "We are excited to partner with the H&H team, customers and vendors as we continue to grow as the leading supplier in Wisconsin and Minnesota."
US LBM bought H&H from from second-generation owner, Tim Heytens. The transaction was effective Dec. 28.
Tim Heytens said: "Since my father founded the business in 1969, H&H has dedicated itself to serving the construction communities of Superior and Duluth with high quality materials and first-class service. Partnering with US LBM and Lyman brings the added resources ensuring that our customers receive the same quality and service that they have grown to expect and deserve."
US LBM is a collection of building material distributors serving the Midwest, Northeast and Mid-Atlantic in eight states with more than 40 locations. US LBM is owned by private equity firm BlackEagle Partners.
Dow demonstrates benefits of insulation
Dow Building Solutions, a business unit of the Dow Chemical Co., and Cobblestone Homes, a Great Lakes Bay Region home builder, have joined together on a living case-study to broaden awareness of opportunities for energy efficiency in retrofits.
Revitalize Home is a remodeled demonstration home that showcases practical, energy-efficient remodeling projects that help builders and remodelers "revitalize" the renovation process and offer homeowners solutions with tangible benefits in the areas of comfort, indoor air quality and energy savings. The energy-efficient upgrades demonstrated in the Revitalize Home will enable approximately 30% in energy savings annually.
"The Revitalize Home is a true ‘living’ case-study that demonstrates real-life remodeling techniques and solutions to help solve some very common homeowner challenges," said Kaethe Schuster, retrofit market manager, Dow Building Solutions. "Remodelers, contractors, builders and homeowners will be able to learn how energy efficient remodeling projects deliver real value in terms of comfort, health and financial return. The project serves as an educational tool to help homeowners understand how their homes work, and how they can enjoy their home more while protecting what is likely their largest single investment."
The 1,500-sq.-ft. home, located at 2250 Jefferson in Midland, Mich., showcases solutions from Dow that work together to seal the entire building envelope, bringing the Home Energy Rating System (HERS) index score of the home down from 131 to 85. The Revitalize Home is also expected to reduce carbon-dioxide emissions by nearly 33% per year, significantly lowering its environmental footprint.