Carter Lumber expands in the Southeast
Kent, Ohio-based Carter Lumber has scooped up two new locations in the Southeast: one in Powder Springs, Georgia, and another soon to open in Lexington, North Carolina.
The Powder Springs location will be a full-service pro lumberyard serving builders in the northwestern Atlanta region, under the direction of Atlanta Market General Manager Brian Chandler. This marks the fourth location in the Atlanta area opened over the last two years.
Meanwhile, in Lexington, the new facility will support growing demand in the Charlotte and Triad areas, serving as a delivery hub for framing components. By 2016, the facility will also be producing trusses, wall panels, engineered wood products, and millwork on-site. It will be managed by Charlotte Market General Manager Brandon Kujawski, marking the fifth location in the region.
"Both of these new locations were necessary expansions for our company," said president and COO Jeff Donley. "With our investment into nearby markets of Atlanta, Charlotte and the Triad, we've seen such tremendous growth that we need additional locations for support. These locations give us the ability to continue to be the employer and supplier of choice in the Southeast, which is especially important, considering all the current turmoil in our industry. This is a continuation of our long-term plan for consistent, stable growth."
Carter Lumber VP Brian Massie will be in charge of the two new locations, as he is responsible for the company's Southeastern operations.
Deliveries are expected to begin by Oct. 1 for both facilities, with Lexington's first components produced by March 1 of next year.
"As we have stated in the past, we are going to continue to invest in the Southeast," said senior VP field operations Kip Gleckler. "We invested heavily in Atlanta and Charlotte last year and those investments are paying great dividends for us. We expect the same success for these locations."
Carter Lumber currently has 142 locations across 12 states in the Midwest, Mid-Atlantic and Southeast.
BMC scoops up Robert Bowden
Atlanta, Georgia-based BMC has agreed to acquire the operations of Atlanta-based Robert Bowden, Inc.
"Over the past 32 years, Robert Bowden has built a fine reputation for excellence for providing custom and production millwork," said BMC CEO Peter Alexander. "We are very excited about growing both companies through the combined strength of RBI and BMC, and both companies will remain focused on our customers through the combination."
The move will increase BMC's presence in the custom and production millwork market in the southeastern U.S., and in turn, provide further growth opportunities for Robert Bowden.
"We are very proud of the history of RBI and the culture that has been created, and we're very grateful for the customers who have honored us with their business and friendship," said RBI president Nick Massengill. "The alignment of cultures between these two great companies will fit the strategy of BMC and will provide scale for RBI. The transaction presents great opportunities for future growth and prosperity."
The terms of the agreement were not disclosed.
Housing looms large at ProDealer Industry Summit
Residential construction has been riding an upward escalator in recent months – hitting an eight-year high in July. But will it last?
The upcoming ProDealer Industry Summit will tackle that question during a Friday morning educational seminar hosted by David Crowe, the National Association of Home Builders’ chief economist.
Crowe’s 2016 Economic & Housing Forecast will address the pace of the housing recovery to date and provide evidence of where it will go next year, along with some details on what is being built and where.
Crowe is responsible for NAHB’s forecast of housing and economic trends, survey research and analysis of the home building industry and consumer preferences as well as microeconomic analysis of government policies that affect housing. He is also responsible for the development and implementation of an innovative model of the local economic impact and fiscal cost of new home construction, which has estimated the net impact of new housing in over 500 local markets.
With a PhD in Economics from the University of Kentucky, Crowe was Deputy Director of the Division of Housing and Demographic Analysis at the U.S. Department of Housing and Urban Development before joining the NAHB.
Coming to the Broadmoor Hotel in Colorado Springs, Colorado, Oct. 28-30, the ProDealer Industry Summit is an exclusive three-day educational and networking forum designed to promote the growth of LBM dealers, distributors, wholesalers and the manufacturers that supply them. LBM dealers will benefit from sharing insights and best practices from leaders in the industry, in a relaxed format that encourages networking and personal interaction.
The ProDealer Industry Summit is presented by the NLBMDA (National Lumber & Building Material Dealers Association) and by Hardware + Building Supply Dealer (HBSDealer).
For more information, visit prodealer.com.