LUMBERYARDS

Snavely Forest Products hires industry veteran

BY HBSDEALER Staff

Snavely Forest Products hired Scott Bosse as the company’s newest senior account manager in the Baltimore division.

Bosse has more than 25 years’ experience in the building products industry, including construction, retail and wholesale. His background includes 84 Lumber, Stock Building Supply, John S. Wilson and Southern Pacific Supply. 

"Experience such as Scott’s is a valuable asset in the ever-changing building products environment," said Clark Spitzer, GM Snavely Maryland, VP marketing. "As we evolve and test new products for market introduction, his working customer knowledge from contractor to dealer will be a great advantage."

 

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Senator to address WDMA and NLBMDA

BY HBSDEALER Staff

The 2014 Spring Meeting & Legislative Conference, hosted by the Window & Door Manufacturers Association and the National Lumber and Building Material Dealers Association, will in include a presentation by Senator Ron Johnson (R-Wis.). 

The conference takes place March 31-April 2 at the Hyatt Regency in Arlington, Va. It will include education, networking and the opportunity to visit Capitol Hill and lobby lawmakers. 

Johnson serves on the committees on Budget; Foreign Relations; Homeland Security and Governmental Affairs; Commerce, Science and Transportation; and Small Business and Entrepreneurship.

Click here for more information.

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Spectrum Brands acquires The Liquid Fence Company

BY HBSDEALER Staff

The Home and Garden division of Spectrum Brands Holdings has announced its acquisition of The Liquid Fence Company, a producer of consumer animal repellents.

“Liquid Fence gives us a new, complementary and leadership position in a rapidly expanding segment of the $1.5 billion U.S. retail lawn and garden controls market,” said Dave Lumley, president and CEO of Spectrum Brands Holdings. “We see excellent revenue growth potential, given our Home and Garden division’s strength in the lawn and garden category and the impressive growth rate of the animal repellents category. Liquid Fence fits well within Home and Garden’s many core strengths, including liquid production, regulated products and distribution overlap."

According to a Spectrum Brands release, the Liquid Fence brand is positioned at the forefront of the U.S. consumer animal repellents market, which is estimated to be growing at more than double the rate of the overall lawn and garden category. Its flagship product, Liquid Fence Deer & Rabbit Repellent, is number one of its kind.

"This textbook, tuck-in acquisition fits perfectly with our stated strategy to seek synergistic, bolt-on acquisitions that expand our product line with strong, complementary brands and categories, increase and extend our market penetration leveraging the Spectrum Value Model, and provide for quick and major manufacturing, distribution and SG&A synergies,” Lumley added. “The transaction is immediately accretive, and the synergies we expect quickly will result in an even more attractive multiple paid for the business.”

Specific financial terms of the all-cash transaction were not disclosed.

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