Universal Forest Products
News

Universal Forest Products acquiring packaging manufacturer

BY HBSDealer Staff

Universal Forest Products has purchased the operating assets of North American Container Corp. (NACC).

Based in Marietta, Ga., NACC manufactures structural packaging products, which adds steel, corrugated, and hardwood packaging to Universal’s portfolio of industrial products. The deal is expected to close on July 1.

NACC operates nine manufacturing facilities in Georgia, South Carolina, Tennessee, and Wisconsin and had sales of approximately $71 million in 2017.

“This exciting opportunity will blend the best products of our two proven companies to create an industry-leading offering of structural packaging products,” said Universal CEO Matthew Missad. “NACC’s proprietary agriculture boxes and crates, for example, will be of great interest to our existing customers, and our production methods will help us enhance manufacturing operations and output.

Last month Universal Building Products, based in Grand Rapids, Mich., reported record fourth quarter sales of $966.1 million.

 

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hardwood flooring
News

HMA elects Bob Miller as president

BY HBSDealer Staff

The board of directors of the Hardwood Manufacturers Association has elected Bob Miller of Frank Miller Lumber Company in Union City, Ind., as president of the HMA.

Other HMA officers for 2018 are VP Troy Brown from Kretz Lumber Company in Antigo, Wis., and executive VP Linda Jovanovich from HMA in Pittsburgh, Pa.

HMA board of directors also elected members to the executive committee, including:

  • Hal Mitchell — Atlanta Hardwood Corp., Mableton, Ga.;
  • Jason Ayer — Cersosimo Lumber Co., Inc., Brattleboro, Vt.;
  • Tommy Petzoldt — East Perry Lumber Company, Frohna, Mo.;
  • Brian Schilling — Pike Lumber Co., Inc., Akron, Ind.;
  • T. J. Rosengarth — Northwest Hardwoods, Inc., Tacoma, Wash.; and
  • past president Richard Wilkerson — Anderson-Tully Co., Vicksburg, Miss.

The membership elected HMA directors at the National Conference. They are:

  • Hal Mitchell — Atlanta Hardwood Corporation, Mableton, Ga.;
  • Norm Steffy — Cummings Lumber Company, Inc., Troy, Pa.;
  • Brian Schilling — Pike Lumber Co., Inc., Akron, Ind.;
  • Steve Jones — Ron Jones Hardwood Sales, Inc., Union City, Pa.; and
  • Gus Welter — Welter Forest Products, Inc., Marathon City, Wis.

New members appointed to the HMA NextGen Leaders Council, formerly known as the HMA Millennial Council, are:

  • Geoff Henderson — Anderson-Tully Co., Vicksburg, Miss.;
  • Zack Rickman — Atlanta Hardwood Corporation, Mableton, Ga.;
  • Tyler Johnston — Frank Miller Lumber Company, Inc., Union City, Ind.;
  • Kelsey Tuck — Gates Milling, Inc., Gatesville,N.C.;
  • Richard Buchanan — Granite Hardwoods, Inc., Granite Falls,N.C.;
  • Logan Josey — Josey Lumber Company, Inc., Scotland Neck, N.C.;
  • Jason Dallas — Stella-Jones Corporation, Pittsburgh, Pa.; and
  • as council coordinator, Claire Thompson Getty — Thompson Appalachian Hardwoods, Huntland, Tenn.

Based in Pittsburgh, the HMA is a national trade organization with membership limited to U.S. hardwood lumber producers and processors.

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Stock Watch
News

HBSDealer Stock Watch: Red Tuesday

BY HBSDealer Staff
The vast majority of stocks finished lower on Tuesday, especially BXC and FAST, which declined 7.4% and 3.8% respectively.
Of 30 stocks tracked below, 28 finished the day lower — the exact opposite of Monday’s stock market rally. The two companies that showed improvement Tuesday were USG and WY, up 0.1% and 1.1%, respectively.
Company Price Change
AWI (Armstrong) 56.15 -1.66%
BCC (Boise) 38.60 -2.65%
BECN (Beacon) 53.13 -0.69%
BLDR (Builders FS) 19.66 -2.43%
BMCH (BMC Stock) 19.85 -1.73%
BXC (BlueLinx) 30.96 -7.42%
CENT (Central Garden) 41.61 -0.88%
DE (Deere & Co.) 152.61 -0.77%
DOOR (Masonite) 59.65 -0.50%
EXP (Eagle) 102.24 -3.15%
FAST (Fastenal) 52.85 -3.79%
HBP (Huttig) 5.06 -0.98%
HD (Home Depot) 174.68 -0.96%
JELD (Jeld-Wen) 30.36 -2.13%
LL (Lumber Liquidators) 23.39 -2.34%
LOW (Lowe’s) 85.96 -3.74%
LPX (Louisiana-Pacific) 28.50 -1.76%
MAS (Masco) 40.47 -0.83%
PPG (PPG) 111.91 -0.02%
SHW (Sherwin-Williams) 390.72 -1.07%
SMG (Scotts Miracle-Gro) 85.55 -0.48%
SSD (Simpson) 56.85 -1.15%
SWK (Stanley) 152.40 -2.61%
TREX (Trex) 107.15 -3.49%
TSCO (Tractor Supply) 59.44 -1.21%
TTC (Toro) 60.42 -1.23%
UFPI (Universal Forest) 32.15 -1.74%
USG (USG) 40.07 +0.10%
WDFC (WD-40) 129.65 -0.19%
WY (Weyerhaeuser) 34.90 +1.07%
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