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Sherwin-Williams plays it cool

The company adds Cool Feel color technology to its SuperDeck stains.

BY HBSDealer Staff

Sherwin-Williams introduced new Cool Feel color technology to its SuperDeck Solid Color Stain. Developed to reduce deck surface temperatures by up to 20 degrees Fahrenheit, SuperDeck Solid Color Stain is available in 20 colors that help keep decks cooler to walk on, compared to conventional colors, the company said.

“This innovation keeps decks cooler for homeowners and their guests, making these spaces even more enjoyable,” said Steve Revnew, senior VP of product innovation at Sherwin-Williams. “SuperDeck Solid Color Stain is perfect for spring deck refinishing projects.”

The 20-color palette includes “Old Brick,” “Barnwood,” “Evergreen,” and “Flint Grey.”

SuperDeck Solid Color Stain provides durable, opaque protection for new, weathered or previously stained wood and can be applied on most composites, the company said. The scuff resistant stain can be applied to damp surfaces, allowing them to be prepped and stained in one day.

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ABC Supply wins Great Workplace Award

This marks the 12th year in a row ABC Supply has won the award.

BY HBSDealer Staff

Building products distributor ABC Supply Co. has been given the Gallup Great Workplace Award.

The award recognizes businesses around the world that engage employees and provide exemplary working environments. This is the 12th year in a row that ABC Supply has won the award.

Gallup looks at the direct relationship between employee engagement and business outcomes. According to Gallup, businesses that put employees first are the most successful despite company size, location or industry. ABC Supply is one of just 39 companies worldwide to receive the award in 2018, the company said.

“It is an honor to have ABC Supply recognized as one of the best workplaces in the world,” said Diane Hendricks, chair of ABC Supply. “We pride ourselves on employing great people, and it is because of our amazing associates that we continue to receive this high recognition.”

ABC Supply employs more than 13,000 associates throughout the U.S., with the company’s “Core Values” centered on providing and recognizing the right opportunities for its employees to grow and succeed.

“ABC Supply focuses on making sure our associates know they are valued; they are the core of our company,” added president and CEO Keith Rozolis.

The Gallup Great Workplace Award is based on rigorous statistical research with companies  evaluated by a panel of workplace experts who compared businesses around the world. The award is also based on multiple criteria, including response rates, overall engagement levels and evidence of that engagement’s impact on performance.

Based in Beloit, Wis.,  ABC Supply operates more than 700 locations.

 

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Sears discussing Kenmore, assets sale

Deals could include the sale of the Sears Home Services and Parts Direct businesses.

BY HBSDealer Staff

Sears Holdings, the parent company of Sears and Kmart stores, said it has appointed a special committee of its board of directors to explore the sale of company assets.

Deals could include the sale of its Kenmore appliance brand, the Sears Home Improvement Products of the Sears Home Services business, and Parts Direct business.

“The Company does not intend to comment further with respect to the Sale Assets unless and until it determines that additional disclosure is appropriate,” Sears Holdings said in a company statement. “As previously disclosed in our annual report, the company is exploring ways to unlock value across a range of assets, including the Sale Assets.”

As previously reported by HBSDealer, Sears Holdings received a letter from ESL Investments last month proposing that the struggling retailer divest some of its assets.

ESL is a hedge fund owned by Sears Holdings chairman and CEO Eddie Lampert,and has proposed buying the businesses from Sears for about $500 million. Lampert is Sears Holdings’ largest shareholder with more than 30% ownership.

The hedge fund has also proposed the purchase Sears’ real estate, along with $1.2 billion in debt. Sears would then lease the stores and continue to operate its brick-and-mortar operation.

The Hoffman Estates-based retailer has been looking to sell additional assets for about two years while closing hundreds of stores.

Last year the retailer sold its Craftsman tool brand to Stanley Black & Decker for nearly $900 million and has since begun selling the Kenmore brand via Amazon.

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