DISTRIBUTORS/CO-OPS

Sunshine Ace Hardware is in the spotlight

BY HBSDealer Staff

Sunshine Ace Hardware is hamming it up in the spotlight, having received recognition from three Southwest Florida publications.

The Naples and Bonita Springs-based retailer was named “Best Large Company” by Gulfshore Business, gold for “Best Hardware Store” by Naples Daily News and gold for “Bonita’s Best Hardware Store” by Bonita Banner.

“We are honored that members of the Southwest Florida community continue to recognize Sunshine Ace Hardware as the area’s hardware store of choice,” said Michael Wynn, president of Sunshine Ace Hardware. “We look forward to continuing our efforts in providing our valued customers with high-quality products and the exemplary, knowledgeable service that they have come to expect from our associates.”

The awards were determined by votes from readers and editors, and they were announced at Bonita Banner’s Best of Bonita Awards, Naples Daily News’ Southwest Florida Choice Awards and Gulfshore Business’ Best of Business Awards.

Sunshine Ace has been family owned and operated since 1958, with eight locations in Collier, Lee, Charlotte and Pinellas counties.

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DISTRIBUTORS/CO-OPS

Throwback Thursday: A Long-Lewis celebration

BY HBSDealer Staff

Long-Lewis Hardware Company celebrated its 100th Anniversary in 1987, and National Home Center News, the forerunner of HBSDealer, attended the party at the Birmingham Civic Center. During a 16-hour period, Long-Lewis gave away $100 every 15 minutes to dealers in attendance at its buying market. Total giveaway: $6,400.

And at a party to cap off the event, attendees consumed 600 pounds of shrimp and a four-tier cake.

It was a period of optimism for the regional hardware distributor. The company was investing heavily ($100,000) in a computerization effort, and annual sales were up a record-breaking 9% for the year to $17 million.

“In an area where Moore-Handley, Ace Hardware, and Cotter & Company all play strong roles, Long-Lewis has remained successful by carving out and maintaining a strong position as a secondary supplier,” the article wrote.

Long-Lewis was founded in 1887 in Birmingham, originally under the name Bessemer Cornice Works, changing its name after buying Lewis Hardware, a competitor,

As a hardware distributor, the company went on to celebrate its 125th anniversary in 2012, covered by HBSDealer here. But the end of the road came in November 2015, when House-Hasson completed its acquisition of the Birmingham-based company. (Long-Lewis continues to operate a highly successful Ford dealership in Alabama.)

The 1987 article closed with a comment from sales manager A.M. Curly Turner, who described hardware wholesaling as a recession-proof business:  “When a man loses his job, the first thing he does is start to fix up around the house. He does it himself, so he goes to the local hardware store.” 

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Foundation Building Materials scoops up American Wal-Board

BY HBSDealer Staff

Foundation Building Materials, Inc., a specialty distributor of wallboard, suspended ceiling systems and mechanical insulation, has acquired American Wal-Board, LLC.

Founded in 1995, American Wal-Board is an independent distributor of drywall, steel framing, insulation, roofing and fireplace products with two branches (one in Tennessee, and one in Mississippi).

“Today’s announcement is another strategic acquisition for FBM,” said Ruben Mendoza, FBM’s Chief Executive Officer. “By adding American Wal-Board, we gain entry into a new market in Mississippi and expand our footprint in Tennessee. FBM’s development team sourced and closed this important addition to our company, which we expect to be fully integrated into our organization within ninety days. We welcome the American Wal-Board team to the Foundation family and look forward to integrating their two branches into our company.”

FBM expects American Wal-Board’s third and fourth quarter performance to be consistent with prior years, contributing an estimated $5 million to $7 million in net sales through December 31, 2017.

Tustin, California-based Foundation Building Materials employs more than 3,500 people and operates more than 220 branches across the U.S. and Canada.

Terms of the transaction were not disclosed.

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