Content about Company Expansion

May 8, 2013

The organizers of the National Hardware Show acquired the Expo Nacional Ferretera, an annual hardware event in Guadalajara.

Reed Exhibitions, the company that organizes the National Hardware Show, acquired Expo Nacional Ferretera, an annual event in Guadalajara, Mexico, serving the hardware, construction and electrical markets.

Expo Nacional Ferretera, described as the largest event in Mexico and Latin America, brings with it more than 1,300 exhibiting companies occupying 50,000 square meters and 80,000 buyers from 30 countries who attend the annual event in Guadalajara.

Terms of the deal were not disclosed.

January 22, 2013

Walmart on Tuesday updated its plans for its Canadian division, saying that it plans to complete at least 37 supercenter projects in the country during the company’s next fiscal year.

Walmart on Tuesday updated its plans for its Canadian division, saying that it plans to complete at least 37 supercenter projects in the country during the company’s next fiscal year (Feb. 1, 2013 to Jan. 31, 2014). The announcement comes a couple of months before Target Corp.’s spring launch of its stores in Canada.

July 10, 2012

Oklahoma City-based Cedar Creek is expanding into the Mid-Atlantic with a new location in Richmond, Va., describing the market as a high-growth area.

“This expansion is further evidence of our commitment to growing the footprint of Cedar Creek and opening new markets,” said Bill Adams, CEO of Cedar Creek. “We view this as a great opportunity to increase our presence outside of our traditional mid-South markets and enter what’s forecasted to be one of the best growth areas in the country.” 

June 12, 2012

Meritage Homes has opened a new division in Charlotte, N.C., expanding its Southeast Region operations. The division plans to open its first communities in the Charlotte area later this year.

The home builder opened new divisions in Raleigh, N.C., and Tampa, Fla., last year.

Rick Roberson has been named Charlotte division president. He has nearly 10 years of home-building experience and was most recently with the company's Texas Region.

May 11, 2012

Edison, N.J.-based Starborn Industries, a manufacturer and distributor of fastening products, introduced Deckfast Metal for the fast-growing market of steel joist deck framing systems.

The company said more architects and deck builders are using metal joist substructures when creating decks. Deckfast Metal is a fastener that can be used to attach every type of decking -- PVC, composite, capstock and hardwood -- to steel and aluminum substructures.

April 12, 2012

Aurora, Colo.-based Bona US, the hardwood-floor-care company, launched Bona Hardwood Floor Spot Cleaner designed to handle tough messes made by pets.

“Leaving pet soils on floors for an extended period of time may damage the finish of hardwood floors,” said Chad Nordhagen, director of marketing for Bona US. “Our innovative research team developed Bona Hardwood Floor Sot Cleaner to address this issue.”

March 7, 2012

Cilio Technologies, a Brookfield, Wis.-based specialist in automated order distribution and management of installed sales for the building materials industry, has announced the launch of the Cilio Partners Portal, a Web platform for home improvement retailers and manufacturers. The cloud-based software solution gives all trading partners real-time visibility and insight into orders and the sales channel, according to the company.

February 8, 2012

Young America, an incentive marketing firm, has partnered with EcoRebates, a Web and mobile rebate solutions provider, to create an online tool that compiles utility energy rebates with available manufacturer or retailer-specific offers. Customers can easily find, apply and submit the incentive offers on a wide range of products.

January 11, 2012

Oklahoma City-based Cedar Creek plans to open a new location in Birmingham, Ala. The company said the site is ready, and employees are being hired in anticipation of a Feb. 1 opening.

“We are pleased to further expand our presence in Alabama and the Southeast, in general, as we believe these areas will be on the leading edge of the residential building recovery," said Bill Adams, CEO of Cedar Creek. 

November 23, 2011

Luxury home builder Toll Brothers has announced the acquisition of CamWest Development, one of the largest privately held home-building companies in the Pacific Northwest. The purchase price, which was not disclosed, was paid in cash.

November 16, 2011

Boise Cascade’s Building Materials Distribution division has announced its expansion in Wayne, Mich., outside of Detroit, where it recently moved into larger facilities. The operation now includes an additional 80,000 sq. ft. of enclosed warehouse space, 6,500 sq. ft. of new office space, and 9,000 sq. ft. of covered truck loading area. In addition, the expansion provides an additional four acres of outside storage, as well as railcar unloading facilities. 

October 26, 2011

KB Home is expanding its presence in the Durham, N.C., market with Orchard Ridge, a new community of Built to Order single-family homes. KB Home already has four other communities currently open in the Durham area.

A grand opening is planned for Oct. 29 from noon to 3 p.m. 

October 18, 2011

Ferguson Enterprises, one of the nation’s largest plumbing and HVAC wholesalers, has leased industrial space at the port of Houston, according to the Houston Business Journal.

The Newport News, Va.–based company, which has several locations in the Houston area, has leased about 206,000 sq. ft. of industrial space at the Port Crossing Commerce Center in La Porte.

September 27, 2011

Power Home Remodeling Group, an East Coast-based provider of exterior home renovations, has expanded its operations to Marlborough, Mass., where it will continue to serve the greater Boston metropolitan area. Power has already hired more than 50 employees in the Boston region and plans to create at least 100 jobs in 2011 and another 100 to 250 in 2012, the company said in a press release.

August 26, 2011

Trex Co., the major manufacturer of wood-alternative decking and railing products, is expanding its presence in the Pacific Northwest with the addition of International Wood Products (IWP) to its distribution network. 

IWP will now supply Trex products -- including the high-performance Trex Transcend decking and railing collection -- to dealer partners across the territory.

August 2, 2011

It’s been a tumultuous summer so far for ProBuild, the nation’s largest pro dealer, as it tries to keep its head above a churning housing market that has already pulled apart or capsized many of its competitors. Being a privately held company, ProBuild has done its best to quietly close or sell off yards, downsize staff and add — or subtract — staffing under the radar.

May 26, 2011

Home Hardware Center is preparing to expand its 18-store footprint in Mississippi and Louisiana, according to the company's owners, who say they are looking to bring acquisition expertise to a new venture called Central Network Retail Group (CNRG).

May 19, 2011

Just one day after announcing the opening of a distribution center in Denver, BMC is at it again -- this time with a new lumberyard in Houston.

BMC announced the opening of the Houston yard today, describing it as a boost to its Greater Houston capacity, which now extends to a 100-mile delivery radius.

May 18, 2011

Beacon Roofing Supply, one of the nation’s largest distributors of roofing, siding and other exterior building products, has announced the acquisition of Enercon Products, a roofing distributor with six locations in western Canada. Headquartered in Edmonton, Enercon also has branches in Calgary, Regina and Saskatoon, along with two branches in Vancouver. It generated annual sales of approximately $45 million in 2010.

March 1, 2011

Ace Hardware Corp. reported total revenues of $859.3 million for the fourth quarter, a 7.4% increase over revenues of $800.3 million for the same quarter in 2009. Net income was $20.6 million for the fourth quarter of 2010, compared with $12.4 million in 2009, a 65.1% increase.

For the full year, total revenues were $3.5 billion, a 2.1% increase over fiscal 2009. Net income was $75.1 million for fiscal 2010, compared with $95.7 million in fiscal 2009, a 21.5% decrease.  

February 25, 2011

Sears Holdings Corp. has named a former technology executive as its new chief executive. The struggling retailer’s three-year search for a permanent CEO came to an end with the announcement on Wednesday that it has appointed Lou D’Ambrosio as chief executive and president. He will assume the office and join Sears’ board on Feb. 24. 

February 10, 2011

Two of the nation’s largest dealers of green building materials became one this week when Green Depot purchased Ecohaus, a Pacific Northwest icon, creating an East-West network of environmentally friendly LBM stores. 

February 7, 2011

Listening to a company’s quarterly earnings conference can be the equivalent of watching a CEO read a PowerPoint presentation, followed by a group of analysts grilling him on EBIT margins, payout ratios and basis points. Or it can be like panning for gold, with nuggets surfacing about store openings and closings, new products launches, new accounts with retail customers or “terminated” relationships with former customers. Competitors even talk about each other — sometimes by name — with a little prompting from analysts.

February 5, 2011

HD Supply Canada has announced its intent to sell SESCO/QUESCO, a unit that provides business customers electrical products from leading manufacturers, to Sonepar Canada. The purchase price was not disclosed.