Weyerhaeuser closes the deal on WRECO merger
Federal Way, Washington-based Weyerhaeuser Company announced the successful closing of a deal to separate its home-building business from its forest products core.
The previously announced "Reverse Morris Trust" transaction results in the merger of a TRI Pointe Homes subsidiary and Weyerhaeuser Real Estate Co., Weyerhaeusers’ home-building business. WRECO becomes a wholly owned subsidiary of TRI Pointe.
"The separation of WRECO focuses Weyerhaeuser on its forest products businesses while significantly enhancing shareholder value," said Doyle Simons, president and CEO.
As a result of this transaction, Weyerhaeuser received approximately $700 million in cash proceeds and retired over $1.9 billion worth of the company’s shares.
Zep’s Quick Clean Disinfectant cleans — quickly
Atlanta, Georgia-based Zep Commercial has released a fast-acting Quick Clean Disinfectant, which portends to kill 99.9% of bacteria in just five seconds.
According to the company, Quick Clean Disinfectant does the job in a fraction of the time. Many popular anti-bacterial cleaners can take up to 10 minutes to work.
It uses a special quaternary active blend that kills germs quickly, including viruses and bacteria like Rhinovirus, Norovirus and Salmonella.
“Many consumers and even professionals may be unaware that many popular sanitizers and disinfectants can take up to 10 minutes to become effective, so they don’t use them according to label directions, thus potentially leaving their home or business susceptible to bacteria and viruses,” said Dr. Stanley Weller, chief technical officer for Zep Inc. “Our fast acting cleaning formulation takes the guess-work out of sanitizing, saving consumers time and helping professionals achieve superior results while reducing labor costs.”
In addition to disinfecting, Quick Clean also cleans deodorizes, and cuts through stubborn grime with a bleach-free formula.
The solution is now available at retailers nationwide, including Home Depot and Tractor Supply.
Industry analyst to address ProDealer Industry Summit
Kathryn I. Thompson, CEO and director of research at the Thompson Research Group, brings over 15 years of experience to analyzing, modeling and advising investors on the construction material industry.
Thompson will share her thoughts on the industry with the ProDealer Industry Summit, Oct. 28-30 at the Hard Rock Hotel in San Diego.
Thompson was named the Financial Times/Starmine Stock Picker of the year in Construction Materials in 2010, 2012 and 2013. She has been a guest on CNBC, Fox Business News and Bloomberg, while being quoted regularly in The Wall Street Journal, Barron’s, Forbes, Fortune and Bloomberg.
The ProDealer Industry Summit is an exclusive three-day educational and networking forum designed to promote the growth of lumber and building product dealers, distributors, wholesalers and the manufacturers that supply them. LBM dealers will benefit from sharing insights and best practices with leaders in the industry in a relaxed format that encourages networking and personal interaction.
To learn more about the 2014 ProDealer Industry Summit, presented jointly by the National Lumber and Building Material Dealers Association and HCN, and to take advantage of the early bird registration rate, click here.