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SeFUice Call

SeFUice Call

Jim Snodgrass, ex-Contact Industries, has joined Warm Springs Composite Products, Warm Springs, Or., as marketing & sales consultant.

Jeff Hunt, ex-ProBuild, is now selling lumber, plywood and OSB in the western U.S. for Ketcham Forest Products, Seattle, Wa.

Steye Stevenson is new to inside sales at Hills Flat Lumber Co., Colfax, Ca.

Rick Grimm has joned Panel Source International, Edmonton, Alb., as territory mgr. for California, Nevada and Arizona. He is based in Auburn, Ca.

Clint Leonard is store mgr. of the new Lowe's Home Improvement Center in E. Aurora, Co.

Christopher Pyke has been appointed research director for the U.S. Green Buildins Council.

Steven Conboy has been named president and c.e.o. of N8 Concepts, Littleton, Co., parent company of EcoBlu Products, Carlsbad, Ca.

Stephen Frasher has been elected president and c.e.o. of Western Forest Products, Duncan, B.C. Dominic Gammiero. who served in this position for the last six months while a recruitment process was underway, will continue as board chairman.

Todd Steadman, v.p., Steadman's Hardware, Miles City, Mt., and John Costello, ex-Home Depot, were elected to the board of Ace Hardware Corp., Oak Brook, Il. Terry Caplan, owner, Island Ace Hardware, Kauai, Hi., was honored by the Kauai Island Utility Cooperative for being the island's first large installation of LED technology lighting.

Donald Lamberton, Huttig Building Products, Phoenix, Az., has been U.S. Green Building Council-certified as a LEED Accredited Professional.

Kirby and Nick Kuklenski, owners of Mile High Ace Hardware, Federal Heights, Co., and Ace Hardware Uintah Gardens, Colorado Springs, Co., were recently named Young Retailers of the Year in the multiple-store category by the North American Retail Hardware Association.

Steve Hardy, Hayward Lumber Co., Monterey, Ca., was elected to the board of the Salinas Valley Builders Exchange.

Rosie Future is now mgr. of advertising at Mungus-Fungus Forest Products, Climax, Nv., according to co-owners Hugh Mungus and Freddy Fungus.

tNC.

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BMC West Files Chapter 11

Building Materials Holding Corp., parent of BMC West, Boise, Id., filed for Chapter ll bankruptcy on June 16, and has reached a deal to reorganize the company and continue operating existing locations.

"The restructuring will provide us with increased liquidity to navigate the current market challenges while creating a capital structure that will better support our long-term growth objectives," explained chairman and c.e.o. Robert E. Mellor. "This agreement caps a series of actions we have taken to aggressively respond during this unprecedented housing downturn."

Under the proposed plan, existing secured lenders will convert their interests into equity in the newly reorganized company and will receive interests in $135 million in newly issued long-term notes. Unsecured creditors will receive a cash distribution and the right to receive future payments based on the company's performance. The existing equity will be extinguished, and current equity holders will not receive any distributions.

Wells Fargo and other lenders have already committed $80 million to the company. Half of the money will be available once the court makes an interim approval, to meet the company's obligations to employees, customers and suppliers.

"We are very pleased to have reached agreement with representatives of our bank group on a plan that will put our company in a stronger financial position for the future," said Mellor. "Their support, and the fact that our new financing is coming from existing lenders, is a sign that our business partners have confidence in our strength as a company and our long-term potential."

BMHC hopes to complete the restructuring process in three to four months.

Spokane Supplier Diversifies Discount Lumber & Building

Supplies, Spokane, Wa., invested $1.5 million in a new division that produces metal panels for roofing, siding, and post-frame or pole buildings.

The centerpiece of the new venture is a 40-ft.-long roll-forming machine housed in a 5,500-sq. ft. warehouse next to the yard.

"It's unusual that a lumberyard got into this type of work," said president Mark Gatlin, whose grandfather started the business in 1943.

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Veteran Dealer Winding Down

Minton's Lumber & Supply, Mountain View, Ca., will close within the next couple of years to make way for an apartment complex.

The developer still must work through the necessary processes and permits, which could take years.

"Until they're ready to demo, I'm gonna be here," said Debby Schulz, president of the I l2-year-old business-the city's oldest.

"We're an institution around here," she noted. "We've been here a really long time. It just illuminates how we're changing, society in general."

Stimson Sells Libby F/J Plant

Stimson Lumber Co.. Portland. Or.. has sold its shuttered fingerjoint plant in Libby, Mt., to the county, which hopes the facility can be restarted when the housing market rebounds.

Lincoln County paid $127,000 for the facility, closed since last August, to prevent the equipment from being auctioned off.

"It's not our intent to run a fingerjointer." said county commissioner Tony Berget. "ln my opinion. we wouldn't be very good at that. It's to save the jobs."

"We view it as a relatively cheap investment," commissioner John Konzen said. "It's something very important (o us as commissioners (retaining and creating jobs). The county may sit on it for a year. we may sit on it for three months."

The county will maintain it as a "job-ready capable plant" to eventually resell to a manufacturing company. Stimson retained first right of refusal for three years, but anyone buying the plant will be required to reopen it "immediately."

Grant Allows Montana Harvest

Sun Mountain Lumber, Deer Lodge, Mt., has been awarded a $490,000 government grant to cut dead or dying lodgepole pine trees on state land near the local state prison.

Montana's Department of Corrections said that the pines-which are located on about 700 acres-are dead or dying after beetle infestations. The work requires building two miles of road and reconstructing three miles of existing road.

The grant program is intended to reduce wildfire fuels and to assist lumber mills during the economic downturn.

DOMESTIC SALES:

Jerry Long, Michael Parrella, Janet Pimentel, Pete Ulloa, George Parden, Vince Galloway, Steve Batick, Chris Hexburg, Matt Wright, Brad Applegate, Scott Crutchfield.

INTERNATIONAL SALES: Nestor Pimentel.

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