
4 minute read
NEWSBRIEFS
The Paty Co. opened a 4O,000 sq. ft. replacement store in Kingsport, Tn., with official ceremonies Sept. 2l .. . .Hughes Lumber has moved its Owasso, Ok., store to new quarters ona 5 acre site in German Corner.
Home Quarters lV'arehouse has store No. 3 in Columbia, S.C., scheduled for opening in Nov.. Jim Matel has purchased GUA Shores Building Supply, Culf Shore, Al., from Van and Quitman Cooper.
Homecrafters Warehouse, Inc., Birmingham, Al., opened its 4th store in Denver, Co., in late summer.
Wickes Co.s, Inc. has completed acquisition of CUA + Western Industries' consumer and industrial products group for approximately $l billion. Lawe's has reached a total of 278 stores with openings in Fort Oglethorpe, Ga., Fort Pierce, Fl., and Southport, N.C.. .
dent; Rick Bury remains v.p. and sec... .Bryant's Lutnberyard, Texarkana, Ar., lost a building and $50,000 worth of equipment and materials in a recent fire.
Sequoia Supply has closed its Houston, Tx., DC. .Gulf Coast Forest Products, Pensacola, Fl., has opened a sales office in Waldport, Or.. . Randall Brothers, Inc., Atlanta, Ga., is celebrating its l0fth anniversary.
Morgan Lurnber Co., Marshville, N.C., has added a pressure treating plant with a 42 ft. cylinder ...Scholl Forest Industries, Corpus Christi, Tx., has opened a sales office in Denver, Co.. . .Bo MaxeyLutnber Co. is a new wholesaler in Atlanta. Ga..
SK Hand Tool Corp., Chicago, Il., will merge with J.H. lVilliams Industrial Products, Inc., Buffalo, N.Y., later this year.
Entpire Stove Co. is changing its corporate name to Erttpire Contfort S_r'stezls, Inc... Varifonn, Inc.is the nerv name for Varifornt Plastic, Inc.
Kap tna n, I nc.has moved tolarger Hq. and mfg. facilities in Valdese, N.C.. . Pinckney Molded Plastics has opened a new 63,000 sq. ft. plant for manufacturing extruded exterior plastic shutters . .W'e,'erhaeuser Co. has acquired GardenAmerica, renaming it l|'eyerhaeuser Gorden Suppl-v Co.
Beauty Craft Tile of the Southv,esl, Inc., Oklahoma City, Ok., has been acquired by G. J. Indusrnes, Chatsworth, Ca., parent co. of Contntodore Products. . Rubbennaid Inc. has acquired Goa Corp., Winfield, Ks., which recently purchased Blue lce.
FloatAv,ay Bi-Fold Door Div. of Medart, Inc., will move to Greenwood, MS., upon completion of a 100,000 sq. ft. plant addition ... Valor, Inc., Hendersonville, Tn., has been formed to handle marketing and distribution of Valor PLC (Birmingham, England) home heating products in the U.S..
McCoy's Building
Supply Centers has opened its 62nd store, in Austin. Tx.. .The Home Depot plans I I new stores in the next 6 months...
Idqho Timber Corp., Boise, Id., has opened a hardwood sales office in Sheridan, Ar., Lymn Lamb in charge..
Myers Lumber Co., Purcellville,Va., has been acquired by John Ross, who becomes presi-
Airlanta, Inc., Atlanta, Ga., has been acquired by American Stove Products, Memphis, Tn., and relocated there. . .Spe-DeWay Products Co., .Inc. is now Wood-Kote Products, Inc.. 8.790 of the Clopay srock has been purchased by Martin J. Wygod, president of a Cincinnati, Oh., plastic filter co..
Carroll's Building Materiols Inc. is near start up at its new $1.5 million roof tile plant in Pinellas Park, Fl. . .Minerol Research and Development Corp., Charlotte, N.C., has licensed J. H. Bover & Co., San Mateo, Ca., to pressure treat forest products with D-Blaze fire retardant chemicals. .
Hardwood lumber production figures released in Sept. reported production down 290 compared to a year ago with orders l79o higher and shipments up 6s/0. . .Canadian lumber imported during the first half of the year rose to a record breaking 7.27 BBF
Housing starts for August
(latest figs.) made their best gain in five ntonths with a 6.20/o increase ...the seasonally adjusted annual rate of 1.75 million units was the biggest increase since a 14.7tlo jump in March...single family home construction was up I go to a 1,073,000 unit rate; multis advanced 15.6Vo to an annual rate of 676,000 units. starts in the south fell 4.190 . building permits were up 3.590 nationally,..,,
Good Christmas For Retailers
A favorable second half is seen in 1985 for retailers with both constant and current dollar growth rates accelerating during the year's second half. Nominal growth rates in total retail sales are expected to rise between jv/o and 890 in the final two quarters.
According to author James E. Newton, vice president and chief economist for Management Horizons, "Real growth in total retail sales will advance by around 490 and 3.590 during the third and fourth quarters, respectively. This welcome change will be following the lackluster growth rate of a little over 2Vo during the year's first half. Our prediction for the second half of 1985 contradicts those of most other forecasting services. Based on our favorable record. we feel confident with these optimistic numbers."
"Given relatively strong consumer demand and modest retail inventory levels, the intense price cutting and profit drain which characterized last year's Christmas selling season should fail to rematerialize during 19851' he says.
Home centers will see nominal current dollar sales growth strengthen to between 890 and ll9o the last six months of the year, according to Newton. In addition, yeiu-over-year growth rates (not seasonally adjusted) are expected to strengthen for these retailers. He lists home center growth rates as below l9o for the second quarter of 1985; slightly above 690 for the fourth quarter of 1985; and between 9-9.590 for first quarter 1986.
Martin Leaves Dealer's Assn.
John Martin has resigned as executive vice president of the National Lumber and Building Material Dealers Association, Washington, D.C. Harry Horrocks, director of government affairs, is filling in for him as acting executive vice president.
Martin. who left the NLBMDA position Sept. 30, is now with the Dairy and Food Industries Supply Association in Rockville, Md., as executive vice president.
William Morrow, Morrow & Sons, Lawson, Mo., a past president of the NLBMDA, has been named chairman of a search committee established to find a replacement for Martin.
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RED CRO\jl/N BRAND
. 25,OOO,OOO b.f. production o l3 Modern Dry I{ilne-6OO,OOO b.f. Capacity r Five Million Feet of Dry Storage r Inventory of 8-9 Million Feet at All Times r Automatic Stacker o Plarring Fa,cilities o Company Owned Lumber Tlucks
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. Specializing in Red and White OaI< plus other Southern llardwoods h,fin/'nluAryry
P.O. Box 506, (2O5) 2e5-875L Linden. Al. 36748 Tblex 59-3409
Sales: Jack I(elly, Wa5me Fendley & Pat Philen