Universal Forest Products expands in Oregon
A subsidiary of Grand Rapids, Mich.-based Universal Forest Products has purchased certain assets of D-Stake Mill, in McMinnville, Ore., and Manufacturing Country, in Independence, Ore.
D-Stake and Manufacturing Country manufacture kiln stickers, lath, stakes, decking and pallets and pallet components for a variety of industries including manufacturing, retail and agriculture. In 2007, sales to their customer base, which is concentrated in California, Washington and Oregon, totaled approximately $18.5 million, according to the company. Universal Forest Products Western Division finalized the purchase on June 9.
“We continue to look for opportunities to grow our industrial business, and we’re pleased to add successful operations like D-Stake and Manufacturing Country,” said Universal Forest Products president and CEO Michael B. Glenn. “They know lumber, they know their business and how to serve their customers well, and they know how to run and maintain a profitable operation.”
Sales manager Dan Harris will remain with Universal as general manager of operations. Bob Harris will stay on as a consultant through the transition.
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American Woodmark falters in the fourth quarter
Winchester, Va.-based American Woodmark saw earnings falter in the fourth quarter on declining new construction sales as well as lower remodeling sales.
Net income fell to $36,000 from $6.18 million in last year’s fourth quarter. Sales fell 14 percent to $143.3 million from $166.1 million in the same period last year.
The manufacturer saw a decline in gross profit margin, primarily due to the “unfavorable impact of inefficiencies in labor, overhead and freight costs stemming from lower sales volumes, as well as the impact of rising fuel prices upon freight and materials costs,” according to a statement.
For the full year, earnings fell 86.9 percent to $4.27 million from $32.56 million in 2006.
Sales were down 20.8 percent in 2007, to $602.4 million from $760.9 million in the prior year.
American Woodmark manufactures and distributes kitchen cabinets and vanities through 14 manufacturing facilities and nine service centers in the United States.
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Do it Best names plumbing merchandise manager
Do it Best has named Todd Miller as plumbing merchandise manager, the Fort Wayne, Ind.-based co-op announced. In this position, Miller will assist Do it Best member-owners in the selection and marketing of plumbing products, evaluate existing and new plumbing products and implement retail service center and drop ship programs.
Miller was hired by Do it Best in 1997 as an associate merchandise manager in plumbing and has served as housewares merchandise manager for the past five years. Prior to joining Do it Best, he was in hardware store management.
Todd’s retail experience, combined with his previous experience in the plumbing category, is a tremendous benefit to our member-owners,” said Steve Markley, vp-merchandising for Do it Best. “Plumbing is a broad product category, and our members serve everyone from professional plumbers to weekend warriors doing their own repairs or remodeling projects.”