ThOPITEGH

COATINGS & RESEARCH, INC.

3706 Mercantile Ave. o Naples, Florida 34104 O4ll436-1991 . (800) s33-8325

MANUS T'^,/-NON.SLIP SAFETY PAINT

Prevent slip & falls 100% acrylic latex formula ofiers a flexible, quick drying paint that withstands heavy traffic, will not crack or powder, cleans up with ease, and eliminates fire hazards and toxic odors. ldeal for wood, concrete, aluminum, fiberglass or primed steel surfaces.

MANUS COATINGS & RESEARCH CO.

3706 Mercantile Ave. Naples, FL 34104 (800) 326-2687

Millwork DC Changes Hands

Millwork distributor Hillsdale Sash & Door, Wilsonville, Or., and Bothell, Wa., has been acquired by BMC West with its $36 million take-over of Texas-based parent Lone Star Plywood & Door Corp.

Hillsdale, purchased from Clackamas, Or., businessman Wendell Walker and Portland investment firm Endeavour Capital, has 125 employees and annual sales of about $25 million.

BMC, which retained all Lone Star and Hillsdale managers, "wants to be $l billion by the year 2000 and we're part of that acquisition trail," says Hillsdale general manager Ken Hawkins.

Founded in 1942 in the Hillsdale area of southwest Portland by the Pascuzi brothers, Hillsdale Sash & Door has grown into a leading distributor of doors and windows to local customhome builders. The company estimates it now has about 407o of the Portland area's custom home market.

In 1979. the Pascuzis sold the business to Walker and Portland area residents Bill Farrens and Bob Harrison. A Bothell door distributor was acquired in 1981, and a few years later the Hillsdale yard was moved to Wilsonville.

Wirfs New WWPA President

Walter M. Wirfs has joined the Western Wood Products Association as president-elect, to succeed Robert H. Hunt, who is retiring after more than 40 years with the group.

Wirfs, previously v.p. of the Southern and Atlantic regions and a 23-year veteran of Willamette Industries, will be officially elected president during WWPA s spring meeting March l-3 in San Francisco. Ca.

Reman Firm Dormant Wood Fiber Products Inc.,

Lockeford, Ca., closed its plant Dec. 12. and laid off its 120 salaried and hourly employees.

A skeleton crew of executives working without pay has been attempting to finish certain orders and ship from inventory.

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G-P Further TrimmingDistribution

Georgia-Pacific, after taking fourth-quarter write-offs and charges that resulted in an unspecified net loss for the period, will consolidate its building products distribution division and has separated its timber business from other, more cyclical operations.

Chairman/ceo Pete Correll said the write-offs and charges "are more than 889 a share," and cover such areas as a closed gypsum facility in Colorado.

After building products distribution again lost money in 1997, the company will take more aggressive action: shuttering distribution centers, laying off workers and reducing product lines. Correll said G-P is determined to return the division to profitability in 1998, and "it's clear we cannot operate profitably in all geographic areas or with all product lines."

It remade its stable timber business into a separately traded concern, Timber Co., to increase shareholder value and its outlook on Wall Street. Timber Co. began trading on the New York Stock Exchange under the symbol "TGP." G-P's other operations-pulp, paper and building materials-continue to trade on the Big Board as "GP," now under the name Georgia-Pacific Group. Executive v.p. of timber Donald L. Glass will serve as Timber Co.'s president and chief executive officer.

L-P Settles OSB Lawsuit

Louisiana-Pacific has agreed to a 2O-year warranty for its Inner-Seal OSB to settle a class action lawsuit alleging the products were defective.

L-P offered to warrant the performance of OSB sheathing products back to 1984 and ahead20 years to 2017.

Redwood Specialists

John Wilton

Ray Ryan

Sheila Goodrich

Jeff Martarano

Circfe No. 1?2.onp.46