USP rolls out new high-performance epoxy solutions
USP Structural Connectors has announced a new line of five high-performance epoxy anchoring solutions, applicable to heavy-industrial seismic and wind projects as well as everyday household needs.
“USP Structural Connectors has a long history of epoxy engineering and development dating back to its Covert Injectable Adhesives product line," said Marty Ruch, who led the product development for the epoxy line. "These new formulations are leading edge and developed to meet future job site and code requirements. We couldn’t be more proud of this exceptional line of epoxy, and we firmly believe we now offer industry-leading stand-out solutions in every category."
The line includes CIA-GEL 7000-C, designed for tension and shear loads due to wind or earthquake. It can attach anchor bolts to concrete that is (or may become) cracked.
CIA-GEL 7000 Masonry-Approved Epoxy can attach anchor bolts into fully grouted conrete masonry units. It can stand up to seismic, sustained load, elevated temperature and freeze-thaw conditions.
CIA-GEL 6000-GP General Purpose Quick Cure Epoxy is the collection’s general-purpose solution, designed for applications that require quick load times and for doweling applications that require state DOT approval. It has a working time of 20 minutes at
CIA-EA Epoxy Acrylate Structural Adhesive features a high-strength, fast-cure formula designed to anchor threaded rod and deformed rebar into uncracked concrete.
Last but not least, Miracle Bond can be used as a bonding agent for nearly all household materials, including wood, steel, concrete, brick, stone and CMU block.
UFP’s full-year sales up 20.2%
Universal Forest Products, Inc. made a strong comeback in the fourth quarter of 2013, with net sales and earnings up considerably across the board.
Fourth-quarter net sales for the company were $525.7 million, up 11.7% year-over-year. Net sales for the year were $2.5 billion, a 20.2% improvement.
Meanwhile, net earnings for the quarter swung to a profit of $8.0 million after a loss of $1.9 million in the fourth quarter of 2012. For the year, net earnings nearly doubled, with 2013’s $43.1 million beating out 2012’s $23.9 million.
"We benefited from consistent performance in all markets due to a number of factors in the fourth quarter, not the least of which was the hard work of our people in all areas of our organization," said CEO Matthew J. Missad. "We saw much improved performance in housing and construction versus last year and a high and steadily rising lumber market through most of the fourth quarter. Our industrial sales also were strong. And sales to retail remained steady. Higher volume enabled us to keep our facilities operating at a reasonable level, enhancing our operating leverage."
Missad added that new product development was responsible for $85 million in sales for the year.
Additionally, lumber composite prices were up 18.2% compared to 2012, which led to a 12% increase in selling prices.
LP-Ainsworth deal subject to new timing agreements
The pending deal between Ainsworth Lumber and Louisiana-Pacific has been put off further by new timing agreements with the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice.
Ainsworth and LP have both agreed that they will not consummate the acquisition before March 13, giving federal regulators time to continue their reviews. As a result, the companies have extended the outside date for completion from March 4 to April 18.
The waiting period for LP’s acquisition of Ainsworth had been extended in November after the DOJ requested additional information from the companies.
The $1.1 billion deal, aimed at leveraging Ainsworth’s resources and access to international growth markets at a critical period in the housing recovery, had been announced in September 2013.