Personnel Updates

Cedar Creek Inc. promoted Alex Averitt to succeed Wayne Trousdale as President and CEO. Trousdale takes a seat on the board.

E.C. Barton & Co. hired Steven Brimner as its new President and CEO.

Lowe’s hired Michael West as Senior VP of Supply Chain Operations.

Meek’s The Builders Choice promoted Charlie Meeks to CEO. Carrie Meeks transitions from President of the West Coast Division to Chairman of the Board. Matt Blair takes over out West in Carrie’s place.

Ridgefield Supply Co. brought in Jeff Batterton as its new Purchasing Manager.


Industry Insight

The Home Depot set records for quarterly sales and net earnings during its most recent quarter ended July 30.


Mergers and Acquisitions

Beacon Roofing Supply is set to acquire Allied Building Products Corp. for $2.625 billion in a deal scheduled to close in early January.

U.S. Lumber Group agreed to acquire NILCO (Hartville, OH) and its 12 locations in a move that will bolster US Lumber’s presence in the Midwest.


Real Estate

BMC Stock Holdings will open a new 187,000 sq. ft. manufacturing and warehouse facility this fall in Woodland, CA.

Drexel Building Supply will open its seventh location in Columbus, Wisconsin in early 2018.

Ridgefield Supply Company (CT) held the grand opening for its newly built store this month.