Throwback Thursday: Golden at 84
The January 2006 issue of Home Cannel News, the forerunner of HBSDealer, dedicated considerable coverage to the Golden Anniversary of 84 Lumber.
Here’s the introduction from page 7 of the special report, word for word:
“Sometimes a formula can be tried, true, and dynamic, all in one breath. This sums up the 84 Lumber story. As it enters its 50th year of business, the largest privately held pro dealer in the United States sticks to what it does best — selling lumber and building materials to pros. But this company is far from being uninspired; 84 Lumber keeps things simple and sticks to its traditions.”
“The 84 Lumber story is a family story, with a father who founded the business and a daughter who built on his success. It began in 1956 with a single yard, 20 miles outside of Pittsburgh and has grown to more than 500 locations.”
Much has changed at 84 Lumber since 2006, but the passage above could easily have been written about the company today.
HBSDealer will revisit the story with a special 84 Lumber focused issue this month.
The special report included this 1956 photo of 33-year-old founder Joe Hardy. Did you ever work with Joe. Let us know your story here.
Jeld-Wen appoints new director
Jeld-Wen, the window and door manufacturer, has appointed Suzanne Stefany to its board of directors, effective Oct. 31. Stefany will also serve as a member of the audit and compensation committees on the board, the company said.
Stefany is a partner in the Strategic Advisory Group at PJT Partners, based in Boston, and has more than 20 years of experience investing across industries and capital structures. Most recently, she served as Managing Director and Global Industry Analyst at Wellington Management Company where she was responsible for both recommending stocks and directly investing portfolios in global industrials across a variety of geographies, market caps and investment styles.
“We are thrilled to welcome Ms. Stefany to Jeld-Wen. Her expertise in analyzing companies, financial analysis, capital allocation, and strategy make her an outstanding addition to our board of directors,” said Kirk Hachigian, Jeld-Wen chairman.
Based in Charlotte, N.C., Jeld-Wen operates 120 manufacturing facilities in 19 countries.
HBSDealer Stock Watch: Shares of TREX Soar
The vast majority of industry stocks posted gains on Tuesday, with TREX surging 25% after a strong earnings report. Other high performers on Wall Street Tuesday were SSD, up 14.6%; and UFPI, up 3.97%.