UFP acquires Custom Caseworks
Universal Forest Products closed on the acquisition of Custom Caseworks, a high-precision business-to-business manufacturer of engineered wood products.
"Custom Caseworks is a proven manufacturer and distributor with a reputation for superior products and service, and we’re pleased to add them to the Universal portfolio of companies," said Universal Forest Products CEO Matthew J. Missad.
The purchase enhances UFP’s industrial business and expands its opportunities and product offerings, according to Grand Rapids, Mich.-based UFP.
"We look forward to joining the Universal companies and to capitalizing on the synergies of our respective businesses and operations," said Custom Caseworks president and CEO John Lindholm. Lindholm will stay on as general manager of the business. "Universal is a respected manufacturer and supplier with significant resources that will help us grow our business to new levels of success. And Custom Caseworks will open new doors of opportunity for Universal. This is an exciting new chapter for our company, our people and our customers."
Custom Caseworks was founded in 1994 and is located in Sauk Rapids, Minn.
Beacon Roofing Supply appoints acting chief financial officer
While searching for a permanent CFO, Peabody, Mass.-based Beacon Roofing Supply appointed Rick Welker to the position of acting CFO.
Welker is currently the company’s VP and chief accounting officer. He replaces David Grace, who retired a the end of 2012.
Welker joined Beacon as corporate controller in July 2004, prior to the company’s initial public offering, and was promoted to VP in February 2006 and to chief accounting officer in November 2011. He is a Certified Public Accountant and a Certified Management Accountant.
Prior to joining Beacon, Welker had previous public company experience and held the following executive positions: senior VP-CFO and secretary of rue21; VP-CFO and treasurer of Woodworkers Warehouse; and VP and controller of Bradlees Department Stores. He started his career with PricewaterhouseCoopers.
Stock Building Supply acquires TBSG in Atlanta
Raleigh, N.C.-based Stock Building Supply acquired Total Building Services Group, an Atlanta supplier of structural components and architectural millwork.
Terms of the sale were not disclosed.
“Atlanta is an important market for our company, and we are excited to welcome TBSG to the Stock family. Our Atlanta business is performing very well, and this acquisition increases our capability to provide our customers value-added solutions and services,” said Jeff Rea, Stock president and CEO. “We have immediately invested to increase capacity at TBSG to support the growth of our customers and are thrilled to welcome the TBSG associates to the Stock team.”
Bill Poston, the former owner of TBSG and CEO of Traton Homes, will stay on as an adviser.
Stock Building Supply, which operates in 19 markets, is owned by The Gores Group, a Los Angeles-based investment firm.