May 2006 Volume 45, Issue 4
In the News
MERGERS AND ACQUISITIONS
Edgenet and Big Hammer Merge
Nashville, Tenn.-based Edgenet Inc., a company that specializes in electronic catalog and guided selling solutions in the building products and home goods industry, is broadening its offering to manufacturers and retailers by merging with Wisconsin-based Big Hammer®, a software company known for its data management, design and configuration solutions.
Big Hammer Data Services is the largest private data pool in the building products industry with 3,500 suppliers and over 300,000 product items, which include 21 million product attributes. It is one of eleven GS1®-authorized data pools in the United States to provide Global Data Synchronization Network (GDSN) services, and the only one that focuses exclusively on the hardlines industry. Big Hammer extends beyond core GDSN product data to include marketing and image content for building products and home goods retailers. The deal also includes Cad Quest®, a leading configuration software for decks, fences and outdoor buildings.
Lupus Capital to Acquire Schlegel Building Products
United Kingdom-based Lupus Capital has announced that the company has agreed to acquire Schlegel Building Products from Unipoly.
Schlegel Building Products of Rochester, N.Y., manufactures and markets sealing systems for doors, windows, printers, copiers and specialized automotive components. In fiscal year 2005, Schlegel had worldwide sales of $125 million.
Lupus Capital is a specialist investment vehicle and a publicly-traded company on the London Stock Exchange. Greg Hutchings serves as chairperson.
“We are very excited about the progress we are making. The acquisition of Schlegel, an international building products manufacturer, is yet another step in creating a successful growing international business in line with our strategy of developing Lupus Capital PLC,” said Hutchings.
The Schlegel management team under chief executive officer Ian Pawson will continue to run Schlegel Building Products.
American Weather Seal Breaks Ground in Orrville, Ohio.
A manufacturer of vinyl windows and patio doors, American Weather Seal recently broke ground on a new plant in Orville, Ohio. Situated on 25 acres, the 180,000-square-foot, $12 million manufacturing plant will replace the current plant where the company has built windows for the past 50 years.
Jim Baughman, the company’s general manager, said the new production facility is scheduled to be up and running in less than a year.
Carter Lumber’s New Facility Features Spectacular Showroom
Carter Lumber has opened a new location at 1806 East 9th Street in Hopkinsville, Ky. This new facility’s showroom has lumber, plumbing, electric and heating products under one roof.
In addition to 6,400 square feet of retail showroom space, the new facility has a 6 ½-acre lumberyard that features four warehouse buildings and a lumberyard, stocked with a complete line of lumber and building materials. The showroom features a building projects center complete with materials for all types of construction. Customers can choose from standard package designs or let Carter Lumber produce a custom design based on a customer’s specific needs. This new location also showcases a kitchen design center.
PGT Industries Purchases Salisbury Manufacturing Facility
PGT® Industries, manufacturer of custom doors and windows, has purchased a manufacturing facility in Salisbury, N.C., to meet the growing demand for its WinGuard® impact-resistant windows and doors.
“This move will allow us to expand our operations so that we can better serve our customers,” said Rod Hershberger, president. “Demand for our products is high as consumers become more educated about the need for hurricane protection.”
Based in Venice, Fla., PGT has operated a 230,000-square-foot plant in Lexington, N.C., since 2003. Because the Lexington facility could not be enlarged to meet PGT’s needs, the company opted to buy the 390,000-square-foot facility in Salisbury, located in nearby Rowan County.
Potlatch Begins Construction of New Sawmill
Potlatch Corp. has announced that its subsidiary, Potlatch Forest Products Corp., is constructing an on-site sawmill to manufacture hardwood lumber products from Poplar trees harvested from the company’s 17,000-acre Poplar plantation near Boardman, Ore.
The $8.1 million project, which will include equipment to produce green hardwood lumber from Poplar logs, is expected to be in operation by December. Once completed, the sawmill is expected to produce an estimated 30 million board feet of green hardwood lumber and employ 55 at the Boardman site.
“The new sawmill will allow us to produce Forest Stewardship Council® (FSC) lumber products in our own on-site FSC-certified chain-of-custody sawmill from our FSC-certified poplar plantation,” said Potlatch chairperson and chief executive officer L. Pendleton Siegel. “We will be better able to ensure consistent high quality and service for hardwood customers.”
For the past five years, logs harvested at the Boardman plantation have been sold either to other FSC-certified sawmills or processed in a small, temporary facility at the Boardman site. End products from the Poplar log include furniture, moulding and millwork.
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