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Central Network Retail Group, Natchez, Ms., has acquired Moore’s Hardware, Dahlonega, Ga., from Lamar Ricketts. “CNRG was a good fit for us,” said Ricketts, who will stay on as a consultant. “After 20 years of running this business, it was important to us to choose a good owner for the future. CNRG understands our business and they are committed to investing in it for the future.” CNRG now operates 44 stores in the South (including five in Georgia) under nine separate brands.
on time Iowa Dealer Closes
Fifty-six-year-old Waterloo Lumber, Waterloo, Ia., auctioned off the last of its inventory and equipment July 18, after closing a month before. The buildings and property are up for sale. “Numerous things happened over the course of the last couple of years,” said third-generation co-owner Nick Donlea, who has operated the company with his sister, Stacy, and brother, Tony, since 2003. “Contractors constantly closed and retired, and we just didn’t find any new business.” He also blamed competition from national retailers.
A in Dixon Springs, Il. designed and built by homeowners Rick Street and Stephanie Brown was remodeled with MoistureShield composite decking donated by Advanced Environmental Recycling Technologies, Springdale, Ar.
board of directors. “We are excited by the opportunity to partner with Blue Wolf,” said Faircloth. “Their operating experience and vision will be invaluable as we continue to modernize our operations and increase capacity in order to take advantage of the rebounding housing construction and remodeling markets.” Founded in 1954, Suwannee operates a 150 million bd. ft. sawmill operation that supplies decking and dimensional lumber to customers in the Southeast, Mid-Atlantic, and Northeast United States. Suwannee also operates a ground cover division
ew Owners for lorida Mill
New York-based private equity firm Blue Wolf Capital Partners has acquired substantially all of the assets of Suwannee Lumber, Cross City, Fl. Suwannee c.e.o. Frank B. “Bump” Faircloth and president Daniel Dickert invested alongside Blue Wolf and will remain with the company, as will others on the management team. Michael Ranson and Charles Miller, partners at Blue Wolf, will join the company’s
that manufactures and bags a variety of mulch and soil products, as well as a retail hardware store (Florida Forest Products) and firewood operation (Lite My Fire).
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Potter Lumber has operated lumber warehouses in Corfu and Le Roy, N.Y., since 1903. In late June, the company held a grand opening celebration for its first retail store, also in Corfu, which will offer hardware, plumbing, and electric. “Our warehouses have been on Water Street in Corfu for years, and this building just happened to be
WILCO BRAND CYPRESS Sel tr attern Sto Cypress im ers evel Sidin s
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Williams Lumber Company of North Carolina, Inc. Roc
(252) 442-2136
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Building Products Digest
ount, North Caro ina
August 2013
www.wil o ypress. om
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