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Building a Future for Distributors and Dealers of Building Products

March 2006                                Volume 45,  Issue 2

In the News
Koch Industries Acquires Georgia Pacific

MERGERS & ACQUISITIONS

Koch Industries Inc. based in Wichita, Kan., announced the successful completion of its $21 billion acquisition of Georgia-Pacific Corp. The acquisition was finalized through the merger of Koch Industries’ wholly-owned subsidiary, Koch Forest Products Inc., with and into Georgia-Pacific. Georgia-Pacific will retain its name and operate from its Atlanta headquarters as a privately-held, indirect wholly-owned subsidiary of Koch Industries.

Jim Mahoney has been promoted to vice president, operations for Koch Industries and will lead operations excellence and compliance efforts for the company. Mahoney replaces Bill Caffey, formerly Koch Industries’ executive vice president for operations and a 33-year Koch veteran, who has left the Koch Industries board of directors to join Georgia-Pacific as executive vice president and a member of its board.

Mahoney, who was previously executive vice president of operations for Flint Hills Resources, joined Koch in 1988. 

Mark Holden has been named senior vice president and general counsel. Holden has been with Koch since 1995, most recently as co-general counsel. Tye Darland, formerly Koch’s co-general counsel, has been named Georgia-Pacific’s general counsel.

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Lanoga Corp. Acquires F.E. Wheaton & Co.; Fidelity to Purchase Lanoga

Lanoga Corp., based in Redmond, Wash., has purchased the assets of F.E. Wheaton & Co. F.E. Wheaton is a large, pro dealer serving the greater Chicago metropolitan market. 

“Given the consolidation taking place at all levels of the homebuilding industry, the opportunity to join forces with Lanoga is a terrific situation for us,” said Jeff Brown, F.E. Wheaton president and fifth generation member of the founding family.

Meanwhile, Lanoga’s parent company Laird Norton has announced that it has signed a definitive agreement to sell 320 lumber and building product distribution company to Fidelity Capital Inc.

Fidelity will make the purchase through Pro-Build Holdings Inc., a newly-created entity, which also includes the Strober Organization. 

According to a news release by Fidelity Capital, when complete, the transaction will result in one of the largest professional dealer organization in the United States. 

The transaction does not include Lanoga’s real estate, which will be spun out to become an ongoing business enterprise of Laird Norton.

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Taylor Acquires Premium Glass Inc.

Taylor Building Products Inc. has acquired Premium Glass Inc., a Lancaster, Ohio - based producer of clear and decorative doorlites. In announcing the acquisition, Ignacio (Nick) Cangialosi, owner and chairperson of Taylor Building Products, said the two companies have had a synergistic working relationship since 2001, when Premium Glass became the prime supplier of glasslites for Taylor Door.

“The merger will strengthen our working relationship with dealers and distributors, and enable us to speed the development of new products to the market,” said Cangialosi. “Our focus will continue to be the manufacturing and marketing of high-quality, well-engineered building products, reliably delivered and competitively priced.” 

According to Cangialosi, manufacturing and distribution of products will continue in both West Branch, Mich. and Lancaster, Ohio.

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Carter Lumber Purchases Griggs Lumber

Carter Lumber of Kent, Ohio, has acquired Griggs Lumber Co. of Point Harbor, N.C. Griggs Lumber’s three locations are situated along the Outer Banks region of North Carolina in Point Harbor, Manteo and Elizabeth City.

“With the addition of Griggs Lumber $46 million business, the acquisition fits perfectly within our scope of growth. In addition, this acquisition will provide us with a tremendous opportunity for growth in the Outer Banks region,” said Jeff Donley, chief executive officer of Carter Lumber.

Griggs Lumber will become a wholly-owned subsidiary of the Carter Lumber family of companies, which includes more than 200 Carter Lumber stores, Carter-Jones Lumber, Holmes Lumber and Kight Home Center.

“Our acquisition by Carter Lumber will keep in place the current management and employees and we will continue to operate under the Griggs Lumber name,” said Moe Moore, president of Griggs Lumber.

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Parker Lumber Acquires Bracht Lumber

Texas-based Parker Lumber Co., a Lanoga company, has announced the purchase of substantially all the assets of Bracht Lumber.

Bracht is a pro dealer yard with a strong emphasis on lumber, building materials, millwork, and retail hardware.

“We are very excited about having the Bracht team join our company. The Bracht and Parker teams share the same hometown lumber yard values,” said Scott Parker, president of Parker Lumber Co.

“The combination of our current business along with the capital and operating support from Parker-Lanoga will allow us to expand and grow our company at a faster rate and give our 88 employees more opportunity for personal growth,” said Susie and Bryan Bracht.

Terms of the acquisition were not disclosed.

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COMPANY NEWS

Expanding Access to Boise Engineered Wood Products

Boise Cascade of Boise, Idaho, announced that Crown Timber plc has been appointed as its wholesale distributor of engineered wood products in the United Kingdom and Ireland. Crown Timber’s wholesale distribution and import facilities will complement Boise’s existing retail distribution product supply chain and give customers increased access to Boise engineered wood products and value-added services. 

“Having Crown Timber as a part of our supply chain will increase our import logistics, give us added wholesale distribution, and generally make our flooring system products more accessible to our customers throughout the UK,” said Tom Corrick, vice president Boise Engineered Wood Products. 

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JELD-WEN Establishes Partnership with Amarr Garage Doors 

JELD-WEN, a manufacturer of doors and windows in Klamath, Ore., has unveiled the only line of wood composite garage doors available in the United States, according to the company. The initiative has resulted in a new partnership between JELD-WEN and Amarr Garage Doors, a garage door manufacturer and distributor. 

Three of JELD-WEN’s lines, the Carriage House, Traditional and Estate garage doors, are available through Amarr’s distribution centers in 18 markets.

JELD-WEN’s wood composite garage doors offer high-quality style and realistic woodgrain appearance, along with reliable performance and a moderate price. 

JELD-WEN will continue to manufacture and market its garage doors distributed through Amarr under the JELD-WEN brand name.

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KUDOS

VT Industries Celebrates 50 Successful Years in Business

VT Industries of Holstein, Iowa, a manufacturer of architectural wood doors, celebrates its 50th anniversary this year. 

Founded in 1956, VT remains family-owned and operated. The company has grown from a single kitchen countertop and bathroom vanity manufacturer to a multi-national corporation with eight manufacturing facilities across North America.

Doug Clausen, VT president, credits the company’s success over the years to its employees and their willingness to go the extra mile to satisfy VT customers. 

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EXPANSIONS

Marino\WARE Opens Manufacturing Facility in East Chicago 

Marino\WARE of South Plainfield, N.J., a manufacturer of steel framing products, has opened a manufacturing facility in East Chicago, Indiana. This plant will produce the company’s complete line of cold-formed steel construction products. 

The 279,000-square-foot facility will serve Indiana, Illinois, Wisconsin, Minnesota, Iowa, Missouri, North Dakota, South Dakota, Nebraska, Kansas and eastern Colorado. Unique in the industry, the manufacturing facility has railway access to accept railcar deliveries, and also provides indoor storage to protect master coils and finished goods.

“With the opening of our third and largest facility, we are ready to provide our customers in the Midwest with the same convenience, service and quality that our customers in the Eastern U.S. have experienced for decades,” said Fred Serpico, director of marketing. “In East Chicago, we have found the ideal location to expand our business. We look forward to working with our employees and the community to successfully service the Midwest and beyond.” 

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Royal Crown Ltd. Helps To Rebuild a Family’s Life

Royal Crown Ltd. recently donated high-quality vinyl fencing, porch railings and columns to ABC’s Extreme Makeover: Home Edition. The company’s donations helped the Novak family, whose story aired December 4, 2005.

Jackie Novak, a mother of three, died of a pulmonary embolism. The building team’s objective was to transform a problematic house into a warm, safe family home.

Royal Crown’s local dealer, Vinyl Solutions of Ohio, worked with others to configure and install the vinyl fencing, railing and column solutions to compliment the home’s look for the family’s needs.

“We shut down our entire office so that each person could make a generous contribution of time and labor,” said Larry Riley, Vinyl Solutions’ spokesperson.

Two of Vinyl Solutions’ longtime dealers based in Ohio, C the Difference and Wise Construction, also generously donated their time and service for the cause.

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Simonton Windows Celebrates 60 Years

The frames on Simonton Window’s low-maintenance windows celebrate their 60th anniversary this year. To mark the anniversary, the company based in Parkersburg, W.Va., has donated $600,000 in windows and doors to victims of Hurricane Katrina. In addition, the company will make at least $60,000 worth of donations throughout 2006 to organizations and events in communities where they operate manufacturing facilities and will donate at least 60 windows in 2006 to the nonprofit organization, Homes for Our Troops.

The company has also introduced an anniversary logo and several promotions including 60th anniversary celebrations at each facility this year. It has also launched a retro-style comic strip, which is a four-panel ongoing series that features information and tips on window technology and advances. The comic strip will be issued bi-weekly to Simonton’s customers, media contacts and employees.

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