LUMBERYARDS

OSHA hits N.J. yard with fines

DuBell Lumber Company faces more than $106K in penalties.

BY HBSDealer Staff

DuBell Lumber Company in Medford, N.J. faces as much as $106,432 in proposed penalties, according to the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA).

The safety organization said it has cited DuBell for exposing employees to combustible dust and other hazards.

OSHA inspectors responded to a complaint of workplace safety and health hazards, and determined that DuBell Lumber failed to properly control combustible dust resulting from wood processing; train employees on how to control the release of hazardous energy; and use lockout/tagout procedures, and machine guards to protect employees from amputations.

DuBell has 15 business days from receipt of the Sept. 27 citations and penalties to comply, request an informal conference with OSHA’s area director, or contest the findings before the independent Occupational Safety and Health Review Commission, OSHA said.

Based in Medford, DuBell operates 7 locations in the Garden State.

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Meek’s Lumber completes real estate deal

Meek’s has completed the sale-leaseback of 41 properties.

BY HBSDealer Staff

HFF – a commercial real estate brokerage – reported that it has completed a sale-leaseback of 41 distribution centers and commercial assets for Meek’s Lumber and Hardware.

The deal includes more than 2 million square-feet across 23 properties in Missouri, 10 in California, 6 in Arkansas and 2 in Nevada, all of which represents nearly the entirety of the company’s operational real estate, HFF said in a press release. Terms were not disclosed.

Meek’s Lumber, based in Springfield, Mo., was acquired by LBM startup American Construction Source (ACS) last week. Funding for ACS is lead by Angeles Equity Partners, LLC, a Los Angeles-based private investment firm, and Clearwater Capital Group, L.P., also a private investment firm.

This portfolio consisted of distribution assets with a retail component along with manufacturing facilities, a design center, and the headquarters.

A second closing for an additional set of properties is set for the fourth quarter of 2018, HFF said. Meek’s operates more than 50 locations.

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Kodiak heads to the Northwest Frontier

Frontier Building Supply operates 5 yards and a millwork center Washington.

BY HBSDealer Staff

Kodiak Building Partners has acquired Frontier Building Supply, based in Anacortes, Wa.

Frontier operates 5 yards in the state, along with a millwork center, and has sales of more than $35 million in 2017. The pro dealer has been a long-term supplier of building materials to the Northwest.

The company is joining Kodiak’s LBM division under the leadership of Mike and Pat Flood, co-presidents of the group. Terms of the deal were not disclosed.

Frontier was founded in 1975 by Oscar Johnson and his sons Mike and Terry Johnson. The Johnsons are retiring and Chuck Posey will assume the role of president of Frontier.  Posey has been an integral part of Frontier for more than 30 years and has worked his way up through the ranks, serving in a variety of positions, Kodiak said.

Frontier explored many options for the brothers’ exit strategy and “confidently selected” Kodiak, Kodiak and Frontier said in a joint statement.

Posey said that Kodiak is made up of “lumber guys” and a good fit for maintaining Frontier’s culture and legacy.  “The folks at Kodiak have a great track record of retaining companies’ heritage after acquisition.  They allow their companies to ‘keep up the good work’ and stick to their roots.”

“The team at Frontier runs a very successful business in a unique geography, serving professional builders and remodelers,” said Steve Swinney, Kodiak CEO “Our decentralized business model allows us to support all that they profitably do and offer our assistance where it makes sense.”

Based in Littleton, Colo., Kodiak operates 77 facilities in Washington, Texas, Florida, Colorado, Arizona, Delaware, Massachusetts, Michigan, Wisconsin, Minnesota, and Maryland.

 

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