N$IEWSBR[trtrS

Cofer Brothers, Inc., Tucket, Ga., remodclcd, adding a window and door showroom... FoxworthGalbraith Lumber Co. is in business at its newly acquired Red Oak Tlue Value Ha rdw ar e,W axahachie, Tx., Mike Moorc mtr., a grand opening soon. .

Builders Sqtnre opened a 107,000 sq. ft. store in Manassas, Va., and committed to relocating a West Palm Beach, Fl.,storc. Home Base, Inc. will open a Tulsa, Ok., location this fall. . . Collins Lumber Do-It-Cenler opened a 10,800 sq. ft. location in Ada, Ok.

OneSource Home & Building Cenfers, North Little Rock, Ar., and May Supply Co.,Little Rock, At., merged . . Borwteel Lumber Co., Harrison, Ar., was acquired by Builders Warehouse Association, Inc., a subsidiary of Omni Corp.,Conway, Ar....

Scotty's Employe es Credit Union merged with GIE Federal Credit Union. . Foxworth-Galbraith, Paris, Tx., participated in a "Paint the Town" project Clwba Lumber Co., Birmingham, Al., is in a dispute with the planning commission over outside storage of materials....

Ec ono my ltmbe r C o.,Tllsa, Ok., has $15,000 damage from a recent fire believed to have been set by asonists Mitchell Lumber Co., Rogers, Af., was totally destroyed byfre.

rebuild burned ourt 281 Lunber, Longview, Tx., at this time.

Home Depot is projecting the opening of retail outlets outside the U.S. in five to seven yearc; 40 new stoles and four relocations in the remaindet of fiscal 1992; 56 new stores in fiscal 1993; sites are being considered in Macon, Ga., and Jupi ter, Fl.; construction is underway on ncw storcs n Homestead, Fl., and Boca Raton, Fl.

Lowe's opened rclocatcd stores in Hattiesburg, Ms., Hickory and Pinevillc, N.C., with the old Hickory site becoming a contractor yard; acquired a relocation site in Morristown, Tn. ; started construction on a telocation store in Wadesboto, N.C., and auctioned a closed store in West Memphis, Ar. . .

84 Lumberis offering affordable home packages complete with plans and materials (see story p.38) Wllametteteotganizndisbuilding materials goup sales structure (see story p.7)

Lowe's opened a 10O,000 sq. ft. store in Richmond, Va., and closed two small stores leaving four others in the area open.

Averitt Lumber Co. is building a hardwood dimension manufacturing plant in Clarksville, Tn.... Southern htmber Co.,Jackson, Ms., is updating its Hermanville sawmill, adding an edger, optimized trimmer, sorter and inline stacker to increase production by 33%.

Georgia-Pacific is temporarily closing plants in Cedat Springs, Ga; Russellvjlle, S.C., Talladega and Fayette, Al., and cutting back production schedules at others until demand catches up with inventory (see story p.7)

Woodland Millworl<s Inc. putchased the old AllWoods Schroeder Lumber facility in Houston, Tx., for alumberopemtion Internationnl Wood Producls is a new St. Petersburg, Fl., wholesale office opened by Randy True. Atlantic Trading,Bkmngham, Al., opened a new Birminghamdisributionbranch to cteate a third party overvicw progmm for prcssurc beatcd wood p,toducts (sce story p.7)

Curt Bean ltmber Co., Glenwood, Ar., entertained morc than 3,000 pcoplc at its fourth annual Curt Bcan Appeciation Day.

Temple-Inland Forest Products Corp,, Diboll, Tx., sponsored a Project l*arning fi'ee lcadcrship workshop to ftain 23.

International Paper's Wood Pro&rcts division, Dallas, Tx., has temporarily reduced operating hours at nine lumber and plywood facilities in Al., Ar., La., Ms., S.C. and Tx. because of less demand forbuilding products .ltickes Lumber closed its territory office in Marietta, Ga. Canton Treating Co., Canton, Ms., has closed.

Sale of z{EG P ower Too I C orp. to Atlas Copco, Stockholm, Sweden, is final with AEG now named z{r/as Copco Electric Tools Inc. . Reichhold C hemicals, Inc., Research Triangle Park, N.C., will distribute building products lines in Canada through Can ada Colors and Chemicals, Ltd., Don Mills, Ontario.

TileCera, part of Siam Cement Group,Thailand, had a grand opening for its $60 million plant in Clarksville, Tn., and announced formation of subsidiary Classic InternationalCeramics....

Lowe's stock split 2 for 1 June 26 Home Depot with $5.1 billion in fiscal 1991 sales voted to increase shares from 250 million to 1 billion ...Willamene Industries had a $23.7 million increase in lst quarterearnings Hechingerb lst quarter sales rose 12% ovet last year.

Kitchen cabinet sales for the first fourmonths of 1992 increase d L3.9 % ovet 1991.

Housing starts rose ll% inMay (latest figs.) to an annual adjusted rate of 1,230,000 units. .single family starts rose 9.8Vo; multis 18.6% .. permitsfelll%depessed by an 8.6% drop in multifamily permits. "The housing industry is on the recovery tfack," Bruce Steinberg, Merrill Lynch Economics, said.