Snavely stocks up on Eastman’s acetylated wood
As it seeks to develop a line of high-performance acetylated wood for decking and other uses, Pittsburgh-based Snavely Forest Products agreed to purchase all remaining acetylated wood left over from Eastman’s discontinued Perennial Wood line.
The purchase will serve as "transitional stock" for Snavely, as it moves to secure a new manufacturer of the product.
Eastman’s recent decision to discontinue its Perennial Wood products led Snavely to two questions, according to VP Marketing Clark Spitzer: "Who else can produce this game-changing product, and how do we continue to supply and support our stocking customers while we finalize future production?"
Snavely Forest Products had been actively marketing Perennial Wood, acetylated wood products, with launches in North and South Carolina in 2012 and Maryland, Virginia, Pennsylvania and Delaware in 2013. The last two years "were exciting and formative years for acetylated wood at Snavely, and securing stock to guarantee continued supply allows us to make the best move for our customers," Spitzer said.
Much of the inventory purchased by Snavely from Eastman carries the Perennial Wood brand, and will carry the Perennial warranty from Eastman, which described the product as "modified" wood, as opposed to "treated" wood.
"Acetylated wood has filled a large gap in our markets particularly in the Southeast and Mid-Atlantic," said Bryan Kirit, general manger of Snavely Forest Products in Greensboro, N.C. "Our customers’ main concern at the time of [Eastman’s] announcement was near future availability and whether Snavely could keep up with demand during our transition to a new manufacturer. This stock will provide the relief our customers need."
New Whirlpool microwave touts popcorn cycle
Whirlpool has introduced the new 1.9 cu. ft. Over the Range Microwave with TimeSavor Plus True Convection, which features an AccuPop cycle that aims to take the guesswork out of making popcorn.
AccuPop "listens" to popcorn using sound sensors and automatically adjusts cooking time for optimal results.
"At Whirlpool brand, we are always looking to create products that make our consumers’ lives easier," said Andrea Smith, brand manager for new products, cooking and suites. "By offering families this AccuPop cycle, we can give them the ability to cut out the time they spend watching the microwave and get back to what they want to enjoy – delicious results and time with each other."
Other features include TimeSavor Plus convection, which uses a rear fan and heating element to circulate preheated air to retain moisture and flavor.
Additionally, a steam cooking feature can serve as a stand-in for traditional stovetop steamers.
For maintenance, the CleanRelease non-stick interior makes it possible to clean the microwave sans harsh chemicals.
Jarden adds to its executive team
On the heels of a financially sound 2013, Jarden Corporation has re-ordered and expanded its executive management structure in order to align the company with its current scale.
"We are focused on maintaining our growth and positive momentum in the future having just completed a significant acquisition and finishing a year that included record revenues, record segment earnings, record operating cash flow, and record adjusted earnings per share," said CEO James Lillie. "At Jarden, we have a talented team, powerful brands and a diversified global operating model that affords us numerous opportunities for expansion. The expansion of our leadership team will further strengthen the foundation we have built at Jarden. We expect this structure to enhance operational efficiency, reduce risk and support our next stage of growth and profitability."
Current vice-chairman and CFO Ian Ashken has been promoted to the role of vice-chairman and president. He will maintain his primary responsibility for the company’s financial, legal and administrative functions and increase his focus on ensuring consistency across its expanding global business. Ashken was one of the original co-founders of the company in 2001 and has played an integral role in its success since.
Current CFO, Jarden Consumer Solutions Al LeFevre has been promoted to EVP finance and CFO, effective June 12. He has been with Jarden since it acquired American Household in 2005; he had been with the latter company since 1997.
Joining LeFevre at the EVP level will be current EVP general counsel John Capps, who will assume the role of EVP administration and general counsel in September, taking over for incumbent retiree David Tolbert. EVP finance Rich Sansone will assume the role of EVP operations, effective immediately.
Executive chairman Martin Franklin noted that the company had achieved annualized revenue of $8 billion, with more than 120 brands in over 100 countries around the world.
The company will maintain its Office of the Chairman structure with Ashken, Franklin and Lillie.