Vulcan sells future production interest to Plum Creek
Vulcan Materials Company has sold an interest in the future production of its four quarries in Atlantia, Ga., to Plum Creek Timber Company, Inc.
The transaction involves a percentage royalty interest in 255 million tons of aggregate production over 25 years.
"In Plum Creek, we have a partner that shares our long-term view of the value and growth in the aggregates business and is investing based on that view," said Donald M. James, Vulcan chairman and CEO. "This transaction provides us capital to deploy in strategic investments in our aggregates business and to strengthen our balance sheet."
The sale gives Vulcan the opportunity to improve its bottom line while maintaining operational ownership over the assets. The company expects a pre-tax gain of $154 million over the life of the transaction, less modest transaction expenses.
ENAP to host forest products event
New Windsor, N.Y.-based ENAP, Inc. will host its annual Forest Products Conference on Nov. 3 – 5 in Baltimore.
The industry’s top forest products mills and manufacturers will share their product expertise, strategies, and expectations of the market for 2014 and beyond, according to Duncan Facey, VP of forest products.
“Our annual Forest Product Conference is an opportunity to meet with our members and give them buying and contracting opportunities to benefit their operations through the next year,” Facey said. “We have added new seminars and executive speakers that will permit our members to profit from the insight of top industry leaders.”
Included in the event will be “Four Points of Strategic Planning,” which will take a look at how to shift companies into a management-for-success mode through organizational efficiency, sales growth, proper planning, effective performance metrics, and incentive-based compensation programs.
The even will also present: “Understanding the Changes and Challenges in Logistics,” which delves into recent trends in the trucking and rail sectors and how they impact conducting business every day.
The Keynote Speaker will be Dr. Jim Harris, founder of the Jim Harris Group and To a Higher Lever, international speaking, consulting and coaching firms
“The ENAP Forest Products Conference is a place to sit down with the mill reps, let them know what you need and find out what they can do for you,” said John Daingerfield, Jaeger Lumber, Union, N.J . “It is many suppliers looking at my business as part of ENAP’s $1 billion of business.”
ENAP, Inc. is a member owned forest products and building materials cooperative with offices in New Windsor, N.Y., and Monroe, La.
Salvatore Abbate named chief sales and marketing officer at Andersen
Andersen Corporation has named Salvatore Abbate chief sales and marketing officer.
Abbate will replace Craig Evanich in this role, in which he will oversee the development of sales and marketing strategies, as well as maintain responsibility for the company’s Logistics and Order Management operations. Evanich retired in June.
“This aligns responsibility for all customer interactions and customer-facing components into one organization, which is important to building an exceptional customer experiences,” Andersen Division president Jerry Redmond said. “Under Sal’s leadership our sales and marketing teams are firing on all cylinders as the housing market recovers.”
Abbate has more than 20 years of experience in building and consumer products manufacturing, beginning with 16 years at Armstrong and most recently with Solutia, Inc., where he was VP global sales and marketing of the Performance Films division. His background in new product development, advertising, regional sales and promotions will serve to inform his new role.