LUMBERYARDS

Western Forest Products acquiring operations from Hampton Lumber

BY Andy Carlo

Western Forest Products Inc. has entered into an agreement to acquire Hampton Lumber’s processing and distribution facility in Arlington, Wash.

The purchase price is $9 million and is expected to close in January 2018, Western Forest Products reported. The Vancouver, British Columbia-based company also said the operations are ideally suited for Western Forest Products central distribution needs with direct rail service — including close proximity to the company’s major U.S. markets.

“This acquisition is a natural fit for Western as it allows us to increase the production of targeted, finished products while also providing a centralized warehousing and distribution center to more effectively service our selected U.S. customers,” said Don Demens, president and CEO of Western Forest Products. “This asset in Washington State also strengthens our global competitiveness by positioning Western to mitigate the damaging effects of duties on our products destined for the U.S. market.”

Western Forest Products is an integrated Canadian forest products company and is the largest coastal British Columbia woodland operator and lumber producer.

Based in Portland, Ore., Hampton Lumber operates nine mills in Oregon, Washington and British Columbia. 

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American Builders Supply deal is in the books

BY HBSDealer Staff

Sanford, Fla.-based American Builders Supply was officially sold to Kodiak Finance, Inc., a subsidiary of Denver-based Kodiak Building Partners. ABS had previously been owned by private equity firm Blue Wolf Capital Partners of New York. 

Plans for the deal were originally reported early last month. 

ABS is the largest independent distributor and installer of doors, millwork, windows and trusses in Florida. Blue Wolf acquired ABS in early 2011, in partnership with the company’s founder, Chad Barton, when the company was struggling in the wake of the 2008 housing market crash.

in a release Tuesday morning from Blue Wolf Capital Partners, the  equity firm described how in 2011 it recruited new management — led by former 84 Lumber executive Bill Mryick — and began a path of acquisition and growth. Today, the company has 550 employees across 10 locations. 
 
Following the acquisition, neither Myrick nor Barton will continue with ABS. Mark Garbowski will take on the role as president, and report to Kodiak CEO Steve Swinney. "We are all excited about the leadership in place at ABS and feel that Mark with Kodiak's backing is prepared to move the very talented and very deep ABS leadership team forward," said Kodiak COO Michael Cassidy.
 
The Blue Wolf Capital Partners press release included the following statement from Myrick:  “In partnership with Blue Wolf, ABS transformed from a struggling local player to a valued dominant regional partner."
 
Michael Ranson, Partner at Blue Wolf, added: “In 2011, the building products industry was still reeling from the housing crisis. There were a rash of bankruptcies and the industry was unable to attract fresh capital.  We saw a contrarian opportunity to find great value in companies that needed restructuring expertise and a partner with a long-term investment horizon.  Because ABS had a strong position in some great markets, we believed we could restore it to its pre-housing crisis leadership position.” 
 

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Weyerhaeuser expands Homasote 440 SoundBarrier panels distribution

BY Andy Carlo

Weyerhaeuser Distribution has expanded its offering of Homasote 440 SoundBarrier panels to centers in Denver, Dallas, Houston and Tacoma, Wash.

Previously the sound-deadening product was successfully carried by distribution centers in California in Fresno, Stockton, Fontana and Santa Clarita, along with in centers in Boise, Idaho.

"We've been experiencing strong results of distributing these products in high density housing markets throughout California and feel there's a good fit for expanding that distribution into Texas, Washington and Colorado," said David Helmers, VP of Weyerhaeuser Distribution. "The capabilities of 440 SoundBarrier to control sound in floors, walls and ceilings can be a remarkable asset to any builder, but especially to those working in the multi-family housing market."

The 440 SoundBarrier is a special-density, structural board made from 100% environmental Homasote cellulose fiber containing 98% recycled product. The homogeneous composition is manufactured with uniformly distributed protection against termites, rot and fungi along with resistance to mold, mildew and moisture. The made in America boards also insulate, with twice the R-value of wood. Additionally, the boards can be applied directly to framing and come in a variety of sizes

"These lightweight boards are an excellent alternative to liquid gypsum on floors, and resilient channel or expensive gypsum sound boards on walls,” said Christine Lemonick, director of sales and marketing for Homasote. 

Seattle-based Weyerhaeuser is one of the largest global forest products companies and produces a variety of building products including OSB and structural farming materials.

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