The deolet's Supplierneaer hris competito'r.

Wqrd & Horrington Moy be Sold

American Cement Corp. is negotiating for the acquisition of three firms in southern California residential development and building materials distribution, according to James P. Giles, president of American, C. Gilmore Ward, president of Ward & Har. rington Lumber Co., and Frank C. Harrington, president of Aliso Homes, Inc. and Sunny Homes, Inc.

Aliso Homes and Sunny Homes have participated in the development of more than I,000 new homes annually over the past five years, primarily in Orange County, Calif. Ward & Harrington Lumber has an annual sales volume in excess of $20 million.

Tentative terrns call for American Cement to issue approximately 210,000 shares of its common stock, which recently have been selling for $13-$14 per share, for the assets of Ward & Harrington Lumber Co. The assets of Aliso and Sunny Homes, together with a cash investment by American Cement, will form a new company with 100 percent common stock ownership by American. Present stockholders of Aliso and Sunny Homes will be issued senior securities in the new firm, yet to be named, having an initial capitalization in excess of $1, million.

The three firmso each of which is closely held, are headquartered in Santa Ana, California. Ward & Harrington Lumber, to be operated as a wholly owned subsidiary under present management, distributes its products through lI contractor service yards, a regional yard serving large volume home builders, and a retail building material and hardware center for the general consumer.

Redwood Associqtion Elections

Harry A. Merlo, vice president of the Georgia-Pacific Corp., Samoa, Calif., has been re-elected president of the California Redwood Association at the annual board of directors meeting in San Francisco, Sept. 12.

Philip T. Farnsworth, executive vice president of the CRA and A. O. "Arch" Lefors, secretary, were re-elected to their positions for the fifteenth and sixth terms, respectively.

In addition, the board of directors elected Peter Johnson, Jr. as treasurer, a post he has filled on an "acting" basis since May. 1967. Johnson originally joined CRA's ,esearch stafi in 1956, upon graduation from the University of Washington's School of Forestry. He left the firm in 1959 to join the Inteinational Swimming Pool Co., but left that firm shortly after to join the CalPacific Redwood Company. He joined the California Redwood Association as head of the technical services division in 1963.

The roster of the board of directors of the association includes: Merlo; C. Henry Bacon, Jr., Simpson Timber Co.; Robert O. Dehlendorf II, Arcata Redwood Co.; Russell H. Ells, Willits Redwood Products Co.; C. Russell Johnson, Union Lumber Co.; Stanwood A. Murphy, Pacific Lumber Co. and Harold A. Miller"

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