LUMBERYARDS

Pro Dealer Industry Summit readies for Chicago

The exclusive 3-day event is designed to promote growth for LBM dealers and distributors.

BY HBSDealer Staff

There is still time to register and attend the only national conference by lumber dealers for lumber dealers.

Registration is still open for the Pro Dealer Industry Summit set for Oct. 17-19 at the Radisson Blu Aqua Hotel in Chicago.

The ProDealer Industry Summit is an exclusive 3-day educational and networking forum designed to promote the growth of lumber & building product dealers, distributors, wholesalers, and the manufacturers who 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.

This year’s event features Green Beret Commander Mark Nutsch, portrayed in the movie “12 Strong” and author of New York Times Best-Seller, “Horse Soldiers.” Nutsch will share insights on leadership and team dynamics in overcoming insurmountable odds in what was described as “the most important mission of the free world.”

Also on hand will be John Burns, CEO of Real Estate Consulting, LLC, who will discuss a national housing market overview and share his outlook for the future – including findings from his groundbreaking book “Big Shifts Ahead: Demographic Clarity for Executives.”

Additional speakers include Jim Hooper, vp of mergers and acquisitions at U.S. LBM; David Helmers, vp of distribution at Weyerhaeuser; Russ Kathrein, president and CEO of Alexander Lumber; and Mike McGaugh, executive vice president and COO of BMC Stock Holdings, among others.

A full listing of speakers and events is available here.

The ProDealer Industry Summit is presented by the NLBMDA (National Lumber & Building Material Dealers Association) and by Hardware + Building Supply Dealer (HBSDealer).

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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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