LUMBERYARDS

P&F Industries, Inc. reported a strong finish to the full-year period ended Dec. 31, 2013, with an especially large boost in Tools revenue that the company attributes to its entry into The Home Depot.

"Our consolidated 2013 revenue increased 27.0% when compared to 2012's revenue," said chairman, CEO and president Richard Horowitz.

For the three-month period ended Dec. 31, revenue was $15.4 million, up 21.3% year-over-year. Income for the quarter was $919,000, more than double that of the same period a year before.

It's official. US LBM Holdings announced on Wednesday afternoon a new ownership deal.

Private equity firm Kelso & Company entered an agreement to purchase a majority of the equity interests in Green Bay, Wisconsin-based US LBM Holdings. BlackEagle Partners LLC and certain members of US LBM will be investors alongside Kelso, according to the announcement. 

Central Garden & Pet Company has purchased certain assets of Envincio LLC, a wholly owned subsidiary of SantoLubes LLC.

The purchase includes established brands, EPA registration assets, inventory and trade receivables.

“This acquisition will enable Central to be a key supplier and product innovator in the growing natural insecticides product market, often characterized as EPA-exempt products, as well as expanding offerings in traditional pesticides,” said Frank Jusich, SVP Professional Brands.

Spahn & Rose Lumber Co. President and CEO John Hannan will retire early next year.

Hannan’s retirement caps a successful 25-year career at Spahn & Rose, during which he’s been a key driver in the company’s continued growth. Hannan was named VP of the company two years after joining in 1991 and has served as president and CEO since 2004. In addition, Hannan has been a member of the company’s board of directors since 2001.

USG Corp. reported its strongest first-quarter results since 2007, and profitability in its L&W Supply division.

First-quarter net sales of $850 million were up 4% over the previous year period. Net income of $45 million compares with net income of $2 million in the first quarter of 2013.

Blount International, Inc. has promoted David Gillrie to the position of SVP global sales & marketing for the Forestry, Lawn and Garden (FLAG) division.

Gillrie previously served as president of Blount's Concrete Cutting and Finishing division and has been with the company since 2012.

Shawn Davies is leaving his post as VP of Sofina Foods to join Kraus Canada as its president and general manager, effective Sept. 23. 

"Today is an exciting day in the history of Kraus," said Steve Malinowski, president and CEO of the Kraus Group of Companies. "I am pleased that Shawn will be joining the leadership team at Kraus."

The company cited Davies' track record of substantial sales growth, strategic acquisitions and boosting profitability, among other successes.

York, Pa.-based WOLF expanded its service area for kitchen and bath products to include Ohio and parts of Tennessee.

The move brings the number of states WOLF serves to 19. WOLF describes itself as the largest supplier of kitchen cabinets in the United States and a leading provider of composite and PVC decking, railing, trimboards and other building products.