Gulfeagle Supply enters lumber market
The Tampa, Fla. roofing distributor branches out with Kimal Lumber acquisition.
Gulfeagle Supply, the Tampa, Fla.-based roofing and building products distributor, has acquired Kimal Lumber & Hardware.
The move marks Gulfeagle’s entry into the lumber distribution business.
Kimal operates three locations in Sarasota, Englewood, and Nokomis, Fla. Founded in 1981, Kimal was formed Al Bavry and Kim Pavkovich; both former Wickes employees.
In a statement released via its social media pages, including Facebook and Linkedin, Guleagle said, “We are pleased to announce that Kimal Lumber Company has joined the Gulfeagle family.”
Kimal also operates their own door assembly facility and truss plant.
“While lumber is a newer product for Gulfeagle … it’s still building material distribution and that’s what we do best,” Gulfeagle said.
Founded in 1973, Gulfeagle operates more than 70 locations in 18 states.
U.S. LBM expands in Mid-Atlantic
U.S. LBM has acquired Blevins Building Supply with 6 locations in North Carolina and Virginia.
U.S. LBM Holdings has acquired Blevins Building Supply, a building materials distributor with 5 locations in western North Carolina and one in southern Virginia.
Blevins Building Supply will continue to operate under the Blevins name as a unit of U.S. LBM’s Parker’s Building Supply, which has 25 locations in Texas and California.
Third generation owner Bill Blevins, who has led the company for more than 60 years, will continue with Blevins in an advisory role, with General Manager Randy Miller leading day-to-day operations. Blevins will also continue its relationship with Do it Best, the second-largest home improvement co-op in the building products industry. Based in Buffalo Grove, Ill., U.S. LBM is one of the largest Do it Best dealers in the country.
Founded in 1946 by Quincy and Wayne Blevins, Blevins Building Supply is a provider of specialty building materials, including roofing, cabinetry, windows, appliances, insulation and paint, to pros and homeowners in North Carolina and southern Virginia. With this acquisition, U.S. LBM expands its presence in the rapidly growing North Carolina market and adds the company’s first location in Virginia.
“Parker’s and Blevins have complementary operating models and share the same principles of providing superior customer service and a wide catalog of products to both do-it-yourselfers and building professionals,” said Parker’s Building Supply President Chris Rivers. “We’re pleased to welcome the Blevins team to the Parker’s family and the greater U.S. LBM network.”
Prior to this acquisition, U.S. LBM operated more than 240 locations in 29 states. For the first six months of 2018 U.S. LBM generated sales of $1.57 billion, rising 7.5% from sales of $1.46 billion during the first half of 2017
RISI Crow’s Market Recap for Aug. 3
Pricing in SPF remained sloppy; meanwhile, OSB markets saw another week of plummeting prices.
A price index of lumber and panels used in actual construction for Aug. 3, 2018.
Western: regional species perimeter foundation
Southern: regional species slab construction
Crow’s Market Recap: A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow’s Weekly Market Report.
Pricing in SPF remained sloppy. Buyers frequently described the market as “in disarray.” Producers worked the phones, trying to secure enough orders to load allocated railcars. In some cases, railcar availability remained limited. Sharp declines in futures Wednesday and Thursday added another degree of caution to the market, sending buyers to the sidelines.
- Southern Pine prices continued their trend downward. Buyers maintained the same approach to the market, filling in inventory needs with prompt shipping volumes at sizable discounts. Negotiated deals were commonplace, as mills worked to maintain liquidity.
- Buyers continued to stay out of the Coastal species fray whenever possible. Extensive market weakness and urgency among producers to sell prompted low offers from buyers needing to fill in inventory holes. Sales levels ranged widely across a number of items.
- The price pause two weeks ago for Inland lumber was merely a prelude to further significant price declines. Price adjustments of up to $40 occurred in #2&Btr lumber.
- Stud pricing sagged, with many prices declining $30 and more. Mills remained aggressive, calling on customers and negotiating deals. A range of sales prices persisted, depending largely how urgently a mill needed to move product.
- Ponderosa Pine Mldg&Btr and Shop continued to show signs of little price change, although the demand for industrial lumber has not tailed off. Mouldings began to increase in price two weeks ago, so speculation among major users is that lumber might follow. Pine Selects and Commons have picked up their pace slightly, but mills have expressed some frustration with being unable to supply customer requests. Most potential buyers were looking for highly specified tallies, but mills were not generating the material to fill those.
- Western Red Cedar sales were steady, although some producers blamed a lackluster pace on seasonal influences. Supplies of most products were not scarce enough to warrant buyers purchasing volumes for shipment in September. Timbers were an exception.
OSB markets saw another week of plummeting prices, but activity picked up as buyers perceived a bottom may be close. Deals were made to move order files out, as mills were open to counters. By the end of the week, producers began firming quotes.
- After a slow start, Southern Pine plywood producers experienced an increase in sales activity at midweek. Prices continued to grind lower, but producers managed to bolster order files. Despite the rise in activity among buyers, traders perceived price floors were not yet established.
- The Western Fir plywood market began like most weeks over the past couple of months – with limited energy. That changed in the middle of the week as more buyers stepped in to address inventory needs. Buyers managed to replenish CDX needs often $15-20 below the prior week’s levels.
- Activity picked up this week in Canadian plywood, as pricing reached a level that triggered some buying and speculation that a trading level may have been reached. Discounted volumes were reported, which enabled mills to move order files out.
- MDF and particleboard producers reported “steady” sales activity. Buyers continued to line up for reasonably strong volumes of both types of panels. Distributors replenished at a good rate.
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