MidOcean Partners Announces Acquisitions and Merger of Hanley Wood and Meyers Research

Creates Leading U.S. Residential Construction Information Services Platform

Expanded Data Offering Will Drive Significant Value for Customers

NEW YORK — MidOcean Partners (“MidOcean”), a premier middle market private equity firm focused on the business services and consumer sectors, announced today its acquisitions and merger of HW Holdco, LLC (“Hanley Wood”), the leading B2B media and information services company serving the U.S. residential construction industry, and Meyers Research, LLC (“Meyers Research”), the leading provider of real-time market data and advisory services to the homebuilding industry, which was previously a subsidiary of global real estate investment company Kennedy Wilson (NYSE:KW). The merger creates one of the residential construction industry’s most comprehensive information and advisory services platforms.

Through Metrostudy and Zonda – the respective data products of Hanley Wood and Meyers Research – the combined company will offer data spanning the full homebuilding lifecycle, from land acquisition and property development and build, to new home sales and marketing. In addition to having access to a comprehensive data solution, customers will benefit from shared insights through Meyers Research’s advisory business, as well as Hanley Wood’s leading B2B media portfolio and sophisticated marketing services capabilities.

The combined company will be led by CEO Jeff Meyers, founder and President of Meyers Research, who brings over 30 years of industry experience to the role. Prior to forming Meyers Research in 2006, Mr. Meyers led Hanley Wood Market Intelligence, the predecessor to Metrostudy. “Today marks a historic moment for Hanley Wood and Meyers Research. I am thrilled that our organizations have come together as one and look forward to working with these talented teams to continue to push the boundaries of innovation in our industry. The combination of these complementary offerings will enable us to accelerate new product development and deliver the most robust capabilities and services in the industry to our customers,” commented Meyers.

Mr. Meyers will be joined by an experienced management team from both Hanley Wood and Meyers Research. Peter Goldstone, current Hanley Wood CEO, will work to help ensure a smooth and successful transition. Goldstone commented, “My 18 years at Hanley Wood have been incredibly rewarding and exciting. It has been an honor to work with all of the outstanding professionals that have made Hanley Wood a company that is respected by all, both within the construction and design markets, and the broader B2B information and media landscape. The past chapter has been one of growth and transformation, positioning Hanley Wood to thrive and expand in the future.”

Barrett Gilmer, Managing Director of MidOcean, commented, “We are excited to bring together two of the premier players in the residential construction data industry. This transformational merger creates a significantly expanded offering for customers and provides for greater benefits and growth opportunities than either company could have achieved alone. Additionally, we are thrilled to partner with a seasoned industry executive in Jeff Meyers, and believe that he is uniquely qualified to drive incremental insights for customers given his leadership roles at both Metrostudy and Zonda.”

MidOcean has maintained a longtime institutional focus on the B2B information services space, including through its current investment in Questex and its prior investment in Penton. MidOcean’s industry knowledge and significant operating resource talent, including David Kieselstein, Chairman of MidOcean’s Executive Board and former CEO of Penton, will be valuable in successfully executing the company’s strategic growth plan.

MidOcean will be the controlling shareholder of the combined company, and Kennedy Wilson will retain a minority ownership position. Other financial terms of the transaction were not disclosed.

Gibson Dunn & Crutcher LLP acted as legal advisor to MidOcean. Evercore served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Hanley Wood. Vaquero Capital served as financial advisor and Latham & Watkins, LLP acted as legal advisor to Meyers Research.

About Hanley Wood

Hanley Wood is a premier company serving the information, media, and marketing needs of the residential, commercial design and construction industry. Utilizing the largest analytics and editorially driven construction industry database – powered by Metrostudy – the company provides business intelligence and data-driven services. The company produces award-winning media, high-profile executive events, and strategic marketing solutions. To learn more, visit hanleywood.com.

About Meyers Research

Meyers Research is the housing industry’s leading provider of rich data for residential real estate development and new home construction and a leading advisor to the real estate development industry. Headquartered in Costa Mesa, CA, the company developed the innovative Zonda iPad application geared for homebuilders, multifamily developers, lenders and financial institutions to analyze the latest housing market trends and inform the strategic thinking behind its premier consulting practiceTo learn more, visit meyersresearchllc.com.

About MidOcean Partners

Established in 2003, MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. The focus of the private equity funds has been on high-quality middle market companies with attractive strategic, operational and financial growth opportunities in the consumer and business services sectors. Since inception, MidOcean has managed five private equity funds totaling $5 billion. MidOcean Credit Partners was launched in 2009 and manages approximately $8 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of September 30, 2018. For more information, please visit MidOcean’s website (www.midoceanpartners.com).

Contacts

MidOcean Media Relations
Nathaniel Garnick/Amanda Klein
Gasthalter & Co.
212-257-4170
midocean@gasthalter.com

MidOcean Investor Relations
MidOcean Partners
IR@midoceanpartners.com

Trex Dream Deck for 2019 HGTV Dream Home

WINCHESTER, Va., Dec. 07, 2018 (GLOBE NEWSWIRE) — A resort town where the mountains meet the sky, Whitefish, Montana is an oasis for outdoor enthusiasts, offering year-round activities and breathtaking vistas. This idyllic mountain escape provides the perfect setting for the HGTV® Dream Home 2019. Perched on a mountainside, the home features many highlights, including spectacular views of the Rocky Mountains and Whitefish Lake – all from the luxury and comfort of an impressive outdoor space outfitted with high-performance, low-maintenance Trex decking, railing, deck lighting and accessories.

The world’s number one decking and railing brand, and leader in high-performance, low-maintenance outdoor living products, is well represented in the showcase home, which features Trex Transcend® Decking from the newly updated Earth Tones collection, Trex® Signature™ Rod Rail, the Trex Hideaway® Hidden Fastening SystemTrex® Fascia and Trex® DeckLighting™.

“We are thrilled to, once again, be part of the HGTV Dream Home,” said Leslie Adkins, vice president of marketing for Trex Company. “This year’s setting, with its amazing mountain views, makes the outdoor space a main focal point of the home, and the evolved aesthetics of our refreshed Trex Transcend Earth Tones decking offers the perfect complement. The warm brown and realistic wood-grain pattern of our Vintage Lantern deck boards blends perfectly with the surrounding scenery while bringing a feeling of luxury and low-maintenance leisure to the mountain retreat.”

Upgraded Decking Brings Elevated Aesthetics and PerformanceThe updated line of Trex Transcend Earth Tones decking introduces a more natural, refined grain pattern, while still delivering the highest level of performance. Unlike wood, it resists fading, staining, scratching and mold – and won’t rot, warp, crack or splinter. Transcend also is the most scratch-resistant, scuff-resistant and durable decking collection from Trex. Upkeep is hassle-free with no sanding, staining or painting required, and food and drink spills wash off with just soap and water – making it easier to clean. While the grain pattern is new, the Earth Tone boards are offered in the same nature-inspired color palette that homeowners know and love: Vintage Lantern, Tree House, Fire Pit, Gravel Path and Rope Swing.

In addition to enhanced aesthetics and durability, Trex Transcend offers unparalleled design flexibility. It can be bent for dramatic curves and also can be used to create cocktail railing, integrated benches, planter boxes and other coordinated accessories. Further, it is manufactured from more than 95 percent recycled content, making it an ideal choice for today’s eco-conscious homeowners.

Railing as Spectacular as the Views Trex® Signature™ Rod Rail was chosen to bring a modern, minimalist look to the deck while also accentuating the stunning surroundings. The clean, horizontal lines deliver a sleek, sophisticated aesthetic with the superior strength of aluminum for stability and safety. The Charcoal Black finish virtually disappears into the background, creating the effect of unobstructed views. Durable powder-coating ensures the railing will retain its color, resist corrosion and be ultra-easy to clean and maintain.

Finishing Touches for Ultimate Outdoor Living Adding to the appeal and safety of the Dream Home’s outdoor space, the deck was installed using the Trex Hideaway Hidden Fastening System. Fasteners are installed discretely between the deck boards leaving the surface free from visible nails and screws. The resulting surface is smooth, hardware-free and barefoot friendly.

Other finishing touches include Trex Fascia in Vintage Lantern to match the decking, along with integrated Trex DeckLighting, including post cap and stair riser lights, for enhanced safety and ambience. When not in use, the lighting components are designed to blend in with the decking and railing for a clean, unfettered look. In addition, the energy-efficient, low-voltage lights are extremely durable and weather-proof – illuminating the outdoor space for extended enjoyment long after the sun goes down.

HGTV Dream Home Giveaway 2019One lucky winner will have the opportunity to get the keys to the HGTV Dream Home 2019, along with a luxurious prize package. Starting December 28, 2018 through February 18, 2019, HGTV viewers can enter daily on HGTV.com for their chance to win. Eligible U.S. residents can log on to HGTV.com for full details and the official rules. The winner will be announced in April 2019.

For more information on the Trex outdoor living products featured in the HGTV Dream Home 2019, visit Trex.com.

About Trex CompanyTrex Company is the world’s largest manufacturer of high performance wood-alternative decking and railing, with more than 25 years of product experience. Stocked in more than 6,700 retail locations worldwide, Trex outdoor living products offer a wide range of style options with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice. For more information, visit trex.com. You also can follow Trex on Twitter (@Trex_Company), Instagram (@trexcompany) Pinterest (trexcompany), or Houzz (trex-company-inc), “like” Trex on Facebook, or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

HGTV Dream Home Giveaway 2019No purchase necessary. Open to legal residents of the U.S., age 21 or older. Void where prohibited. Sweepstakes ends at 5 p.m. ET on 2/18/19. Odds of winning depend on number of entries received. For full official rules, prize disclosures, and to enter, visit www.HGTV.com. Main Sponsor: Scripps Networks, LLC d/b/a Home & Garden Television 9721 Sherrill Boulevard, Knoxville, Tennessee 37932.

Contact: Lindsey Lucenta or Sara TatayL.C. Williams & Associates800/837-7123 or 312/565-3900llucenta@lcwa.com or statay@lcwa.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b0794bcd-4fd4-4593-ae84-5468abc6a8ea

Fiberon Announces Strategic Partnership with Wolf Home Products, Expanding US Distribution of Capped Composite Products

November 12th, 2018

NEW LONDON, NC – Fiberon®, an innovation leader in capped composite decking, railing, cladding, and fencing, announces an exciting partnership with Wolf Home Products. Based in York, Pennsylvania, Wolf Home Products is a national provider of privately sourced and select branded kitchen, bath, and building products. The company maintains multiple distribution centers, has 3500 dealers throughout the United States and Canada, and boasts a 99.5% accuracy rate for service. Wolf Home Products will distribute Fiberon capped composite decking, railing, and cladding throughout the Northeast, mid-Atlantic, and North and South Carolina.

“Wolf Home Products has a remarkable 175-year history in building products and a renowned customer-centric focus on distribution, sales support, and service,” says Christopher Hayn, Fiberon Vice President of Sales. “We foresee tremendous opportunities for both companies within the fastest-growing segment of the wood-alternative decking and railing market.”

“Wolf Home Products is very excited to partner with Fiberon to provide our independent dealers and their contractor and homeowner customers with industry-leading products, programs, and support,” says Craig Danielson, President and CEO of Wolf Home Products.

“Fiberon’s innovative and entrepreneurial spirit combined with Wolf’s commitment to end-to-end execution and support will produce an exciting partnership in 2019 and for years to come,” notes Danielson.

Founded in 1843, Wolf Home Products offers independent dealers a dynamic product mix focused on quality, reliability, and value, all backed by an iron-clad commitment to courteous, consistent service. A standard-bearer for exceptional aesthetics, durability, and eco-friendliness, Fiberon products give homeowners the warmth and beauty of natural wood without all the work. In addition, the North Carolina-based company developed the first multi-chromatic embossed boards, the first stain and fade warranty, and an exclusive five-year labor warranty for contractors.

About Fiberon
Founded in 1997, Fiberon is a leading U.S. manufacturer of wood-alternative decking, railing, cladding, and fencing distributed worldwide. Fiberon products are available in a wide range of styles and price points, all providing the warmth and beauty of natural wood without the costly, time-consuming maintenance. Fiberon products are free of toxic chemicals and contain up to 94% recycled content. Recognized as an “Eco-leader” by Green Builder magazine, Fiberon maintains operations in North Carolina and Idaho. For more information, visit fiberondecking.com and follow Fiberon on FacebookInstagramPinterestTwitter, and YouTube.

Fiberon is part of Fortune Brands Home & Security, Inc. (NYSE: FBHS), which creates products and services that help fulfill homeowners’ dreams and make people feel more secure. The Company’s trusted brands include Therma-Tru® Doors, Fiberon®, Master Lock® and Sentry® Safe under the Doors & Security segment; Moen®, Riobel®, ROHL®, Perrin and Rowe®, Shaws® and Victoria + Albert® under the Global Plumbing Group (GPG); and MasterBrand Cabinets®. Fortune Brands holds market leadership positions in all of its segments. Fortune Brands is part of the S&P 500 Index. For more information, please visit www.fbhs.com.

About Wolf Home Products
Wolf Home Products is a global sourcing company built on more than 175 years of experience. They are one of the largest suppliers of Kitchen and Bath cabinetry in the nation, as well as a leading supplier of Outdoor Living and Building Products. Vast inventories and smart logistical solutions combine to provide unmatched product availability and delivery speed. Wolf Home Products conforms to ISO International Standards, instilling customer confidence and guaranteeing a culture of continuous improvement.

MoistureShield® Vision® Decking’s Unique Style Earns Architectural Products Magazine’s Product Innovation Award (PIA)

MoistureShield Vision composite decking has won an Architectural Products Magazine Product Innovation Award (PIA). Vision has a modern variegated appearance that provides a one-of-a-kind, indoor flooring look for decks, porches and other outdoor spaces.

Contact Author:
JOEY PETERS
MoistureShield 
770-677-2365
Email >

ATLANTA (PRWEB) NOVEMBER 13, 2018

MoistureShield® Vision®, was recently announced as a winner in Architectural Products Magazine’s Product Innovation Awards (PIA). Vision has a modern variegated appearance that provides a one-of-a-kind, indoor flooring look for decks, porches and other outdoor spaces. MoistureShield is now a brand of Oldcastle APG, with a rich lineage of growing the building industry’s best brands.

“We are honored to have Vision recognized as an innovative product,” said Joey Peters, senior brand manager, Oldcastle APG. “As the next generation of composite decking, Vision makes it possible to have the beauty and design options of indoor flooring but with technology that lets Vision go where other composites cannot –such as directly on the ground or submerged in water.”

Vision’s distinctive, contemporary aesthetic strongly resembles the beauty of interior hardwoods to provide a seamless transition to the outdoor deck. As with all MoistureShield decking, it is made with 95 percent recycled content.

“Building on the success of last year’s program, our eighth edition of the awards proves commercial building manufacturers are committed to, and are working arduously toward, delivering more sustainable products, as well as products that deliver better performance, life and affordability,” said Jim Crockett, editorial director of Architectural Products Magazine.

The product comes in five natural colors: Smokey Gray, Spanish Leather, Sandstone, Cathedral Stone, and Mochaccino. Vision’s Mochaccino and Cathedral Stone colors are also available with the option of MoistureShield’s CoolDeck® technology, which minimizes heat absorption by up to 35% for a more comfortable deck.

The deck boards are available in 12-, 16- and 20-foot lengths with fascia boards in 12-foot lengths. The decking come in non-grooved square shouldered boards and grooved profiles for hidden fasteners. Vision decking is fully protected by a lifetime structural warranty, as well as a limited lifetime fade and stain warranty.

For more information on MoistureShield products, visit MoistureShield.com.

About Composite Decking at Oldcastle APG: 
Oldcastle APG, a CRH company, proudly manufactures MoistureShield composite deck boards and related products serving a range of retail and distribution customers across North America and several international markets. The development of new technologies and patents has enabled Oldcastle to manufacture superior composite products from recycled wood fiber and recycled polyethylene plastic for the building and construction markets.

NADRA attends American Society of Civil Engineer’s (ASCE) Live and Dead Load Subcommittee meeting

By Glenn Mathewson

Another public comment was also presented, one that could have a major impact on decking.

How to build guards has never been provided for in the code, and even the loads that guards must resist have been pretty fuzzy throughout code history.  Those target loads have come into some pretty serious question now that so much testing is being conducted to assure guard posts will meet a 500 lb or greater load.  The current code requires the top of a guard and handrail to resist a 200 lb. load in any direction. Any direction means upward and inward, two directions that have nothing to do with a guard’s purpose, fall protection from an elevated surface.  They do relate to a handrail’s purpose, to brace a fall in any direction and to assist in ascending or descending stairs or ramps.

The ASTM testing standards for composite rails and the ICC Evaluation Services acceptance criteria for other manufactured guards don’t exactly match the code, and the loads are questioned in all.  This problem is well understood, yet meanwhile, proponents have been only narrowly defeated in the last two code modification cycles in their attempts to have prescriptive ands specific guard post connection details included in the IRC.  It is the opinion of many others that the target loading and the direction of loading needs to be reevaluated and set more appropriately, before methods to meet the loads are solidified in code. That was the reason I, taking NADRA’s voice, attended the American Society of Civil Engineer’s (ASCE) Live and Dead Load Subcommittee meeting on November 7th, 2018.

The ASCE 7 standard is the nation’s go-to for establishing the minimum design loads for structures of all sorts.  It’s generally the basis for the loads in the I-codes. So rather than attempt this change for guard loading at the ICC level, we went one level further in.  The ASCE meeting was to review proposals and ideas for the next 2022 version of the ASCE 7 and proposals they are planning for the 2021 IBC development next year.  The National Home Builders’ Association (NAHB), a friend to NADRA, led the charge with public comment proposals to the ASCE committee requesting guards and handrails be separated and their minimum loads and load directions be individually determined.  While a handrail does need to resist a load in any direction, a guard does not. I spoke at the meeting in favor of the NAHB public comment and provided history of guard and handrails loads going back to the 1970. Over those years, guard and handrail minimum design loads were quite varied.  On the west coast, under the Uniform Building Code, only a 20 lb. horizontal load applied 90 degrees to the guard, but on the east coast, under the Standard Building Code, it was 200 lb. in any direction. From the 70’s to 2000 IRC, guards underwent a lot of changes regarding design load, but still at that time guards weren’t tested by any more than a push from the inspector.  Guards and handrail loads were combined, then separated, but then in later years combined again.

The history and the companion testimony at the meeting helped show the ASCE committee that indeed today’s design loads in the code and the ASCE standard are due for reevaluation.  Before building the house of new deck codes, let’s make sure we have a good foundation. Alongside NADRA and the NAHB, the Stair Manufacturers’ Association and the Composite Lumber Manufacturers’ Association also provided insight into this much-needed reevaluation.  The ASCE Committee agreed and affirmed a motion to work with the NAHB further on this issue. This was a great step in the right direction.

Though we attended the meeting for the guard discussion, there was more to learn.  Code and standard proposals and recommendations can come from anyone. Being present and available to learn of those other proposals and to quickly respond is a very important part of representing an industry in code.

Another public comment was also presented, one that could have a major impact on decking.  Stair treads are required to resist the familiar 40 psf live load that a deck surface must resist, but they also must resist a concentrated load of 300 lb. over a 4-square-inch area.  This has to do with the impact from the balls of your feet while rapidly descending stairs. It has been in the codes for all stair treads since 1979. You may be familiar with composite decking stair tread span limitations.  Due to this additional concentrated load, most composite decking has reduced allowable spans when used as stair treads. 16-inch on center joists for the deck, often have to be reduced to 12 inch or less on the stairs. A surprise proposal we were not expecting was to require the same stair tread concentrated load throughout the deck.  Changing the minimum loading requirements, means re-proving that decking can meet the new loads, including the lumber decking spans brought into the code in 2015. If these changes were made, they would need to be with good justification and industry-wide evaluation.

The proponent argument for this proposal was in response to impact from stepping off ladders and known cases of deck board failure.   What wasn’t shared is how many instances? How old was the decking? What was the condition? These were all questions posed by others in the room, as it is becoming well known that well-intended reactions to anecdotal instances have shaped a lot of recent codes.  The very quick question I, we, NADRA, asked was why decks are being singled out and not all floor systems? If this is a human impact load on a floor surface, then what distinguishes the hazard between the floor inside the house and the deck? Why would the decking industry be singled out?  Do we not use ladders inside the home? There was no solid answer to these questions and an affirmative motion to shelf the proposal and request more information and reason statements from the proponent.

Our efforts at this meeting have helped already to steer the future, but the winds are strong and the journey long. We need your support to stay involved in this critical work.

Deckorators® Introduces VoyageTM Composite Decking at DeckExpo 2018

New EovationsTM decking offers superior traction, bold variegation

For Immediate Release

Press contact:
Chris Camfferman                                        
Managing Director, Marketing
616-365-1554
616-304-9400
ccamfferman@ufpi.com

GRAND RAPIDS, Mich., October 10, 2018 Deckorators®, a brand of Universal Forest Products, Inc. (Nasdaq: UFPI), has expanded its innovative line of wood-alternative decking with the launch of VoyageTM. This new line of composite decking featuring patented EovationsTM technology was introduced to building material dealers and contractors at DeckExpo 2018 in Baltimore, Maryland.

Like other members of the Deckorators Eovations decking family, Voyage delivers the industry’s best strength-to-weight ratio, absorbs virtually no moisture, and allows virtually no thermal expansion or contraction. Voyage adds to these benefits unique textured embossing for superior traction on the deck surface, along with the bold look of vertical grain variegation.

The textured embossing offers homeowners the enhanced safety of superior traction underfoot in both dry and wet conditions. Deckorators Voyage decking provides 34 percent or greater surface traction than other leading brands of composite decking. Voyage decking was tested against other leading capped composite deck boards in wet conditions by an independent third-party lab under the AS/NZS 4586-2013 standard. The deck boards were tested on Sept. 24-25, 2018.

Vertical grain variegation gives Voyage — an ultra-low maintenance composite — the trend-forward appearance of the highest-quality wood. Voyage comes in four beautiful colors that are the most popular in outdoor living spaces among homeowners: Sierra (dark gray), Tundra (gray), Costa (golden brown) and Mesa (red brown).

“We use extensive input from dealers and contractors to develop products that help them stand out from the competition,” said Chris Camfferman, managing director, marketing, Deckorators. “Our partners have experienced the unique benefits of our Frontier and Vault composite decking with Eovations technology. We’re thrilled to introduce them to Voyage, the best product in a good-better-best Eovations line.”

Voyage will be available for 2019 in 12-, 16- and 20-foot solid and slotted-edge profiles, as well as 12-foot fascia. It is backed by a 25-year structural, 25-year stain-and-fade and 25-year removal-and-replacement limited warranty that covers water and ground contact. Deckorators is one of the only brands in the industry to stand behind installations in, or in contact with, water or ground.

Eovations technology makes Voyage decking strong, lightweight and stable. During the Eovations process, a polymer-mineral blend is extruded and stretched. The result is a fibrous, 7/8-inch-by-5½- inch composite board that looks and works like wood. At the same time, each board is:

  • 35 percent lighter than most wood-plastic composite decking and similar in weight to PVC for easier handling on the job site.
  • Twice as strong as PVC decking in terms of stiffness-to-weight ratio for superior durability.
  • Moisture-resistant because it contains no organic material.
  • Extremely stable with the lowest thermal expansion/contraction of any thermoplastic deck board.

Voyage is capped with durable polypropylene to create a surface that is stain-, fade- and scratch-resistant.

For more information on Voyage decking, visit www.deckorators.com/deckexpo or call (800) 332-5724.

About Deckorators

Deckorators, the first name in decking, railing and accessories and the originator of the round aluminum baluster, is a brand of Universal Consumer Products, Inc., a subsidiary of Universal Forest Products, Inc. Deckorators started the low-maintenance aluminum balusters category with the Classic Series and has since led the industry with many new and innovative decking and railing products. Its approach to developing exciting and distinct products allows both DIYers and builders to bring the personal creativity of interior design to outdoor living.

To learn more about Deckorators decking and railing accessories, visit www.deckorators.com or call 800-332-5724.

Follow Deckorators on Instagram: @Deckorators
Facebook: www.facebook.com/Deckorators
YouTube: www.youtube.com/DeckoratorsProducts
Pinterest: www.pinterest.com/deckorators

UNIVERSAL FOREST PRODUCTS, INC. (NASDAQ: UFPI)

Universal Forest Products, Inc. is a holding company with subsidiaries and operations around the world that supply three markets: retail, construction and industrial. Founded in 1955, the Company is headquartered in Grand Rapids, Mich. For more information about Universal Forest Products, Inc., or its affiliated operations, go to www.ufpi.com.

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PROFESSIONAL DECK BUILDER Special Supplement – New Opportunity!

PROFESSIONAL DECK BUILDER has added a special 5th supplement in 2018 in cooperation with the North American Deck and Railing Association (NADRA). Show your support of the industry by aligning your brand with this valuable content. Ad close date:  11/2/18

Support the Industry

PROFESSIONAL DECK BUILDER will donate 10% of the advertising revenues from this special print supplement to NADRA for their use in programs that support our joint industry.

Content Focus:

  • Cover story will feature NADRA’s National+ Deck Competition winners.
  • Coverage of the REMODELING/DeckExpo Show, featuring PROFESSIONAL DECK BUILDER LIVE—a demo stage area that will be a feature of this year’s show.
  • New Products Showcase.

Timing & Reach

  • New print supplement:  December 2018. Ad close date:  11/2/18

In addition to the print supplement, online coverage will be included on PROFESSIONAL DECK BUILDER’s website and newsletters

  • NADRA members advertising in this added supplement will be recognized in a special thank you ad from NADRA and PROFESSIONAL DECK BUILDER

If you are interested in advertising opportunities, please reach out to Dan Colunio:

Dan Colunio
Vice President, Remodeling & Distribution
Hanley Wood Media
P: 617-304-7297
E: dcolunio@hanleywood.com

California balcony/deck/ porch inspection law

“Now 15 percent of the load-bearing, exterior elements on apartment buildings and complexes with three or more units must be inspected every six years. Elements that must be inspected include balconies, decks, porches, stairs, walkways and entryways.”

By: Keith Burbank

POSTED: SEP 17 2018 10:19PM PDT

Gov. Brown signs balcony inspection law following deadly Berkeley collapse

By Bay City News Service, read the original story here.

Gov. Jerry Brown today signed a bill requiring inspections of apartment balconies, decks, outdoor stairs and elevated walkways to hopefully avoid deaths from collapses like the one in Berkeley in 2015.

At a birthday party in June 2015, six young people died when a fifth-story balcony collapsed, according to the office of state Sen. Jerry Hill, D-San Mateo and Santa Clara counties, who co-authored the bill, Senate Bill 721.

An investigation revealed the balcony had been poorly sealed and became infested with dry rot and the builder had a history of lawsuits related to construction defects, Hill’s office said.

Now 15 percent of the load-bearing, exterior elements on apartment buildings and complexes with three or more units must be inspected every six years. 

Elements that must be inspected include balconies, decks, porches, stairs, walkways and entryways.

Those elements must be inspected if they extend beyond the building’s exterior walls and are six or more feet above the ground and get stability and support from wood or wood-based products. 

State Sen. Nancy Skinner, D-Berkeley, was the other author of the bill. 

Read the bill here

NADRA Upcoming Education Schedule

Great Plains ASHI, 24th Annual Fall Seminar:

Kansas City, MO – ASHI Chapter Annual Fall Seminar. 

WHEN: September 21, 2018 7:00 AM to September 22, 2018 4:00 PM

Jim Mailey- North American Deck and Railing Association (NADRA) Deck Evaluation Class. This is the same class taught in preparation for taking the NADRA Certification Exam. The test can be done at the Great Plains Fall Seminar or taken online with 30 days after the class. There is an additional fee for a one year membership and certification test. Deck inspection education is valuable even if you choose not to take the test and become certified.

Learn more & REGISTER

Remodeling / DeckExpo: 

Baltimore, MD –NADRA offers specific industry courses at the show, which gives you the option to receive your certifications. You can add these sessions onto your registration during the online registration process.

WHEN: Tuesday October 9th, 2018

Deck Evaluation / Inspection Program: Tuesday, October 9th, 2018 at 8am. Instructor: Jim Mailey.This program will allow Inspectors the opportunity to evaluate a deck using the NADRA Deck Evaluation checklist.  The NADRA Deck Evaluation checklist has been developed specifically for industry professionals as a comprehensive tool to assess the safety issues of a deck properly.

Down The Load Path: Tuesday, October 9th, 2018 at 1pm. Instructor: Glenn Mathewson. This program will allow industry professionals the opportunity to learn about the new 2018 IRC provisions; this course completes the load path started in course 2, Ledgers and Lateral Loads. Decking, joists, beams, posts, foundations, and properties of the earth covered so that the entire structural system and related codes can be understood.

Learn more & REGISTER

INSPECTIONWORLD: 

San Diego, CA – Town & Country Resort

WHEN: Sunday, January 20th 8am – 12pm (4 ASHI CEs)

NADRA Deck Inspection Certification Class:  This program will allow the home inspector the opportunity to employ the ability to safely inspect a deck using the NADRA Deck Evaluation checklist. The NADRA Deck Evaluation checklist has been developed specifically for home inspectors as a comprehensive tool to be used to properly assess the safety issues of a deck. After the program the home inspector will understand how to analyze the following deck components and issues and more: 

  • Stair
  • Footings and Posts
  • Joists
  • Joist Connections
  • Girders
  • Ledger Connections
  • Deck Boards
  • Handrail Assemblies and Guards
  • Recognize proper and improper fasteners
  • Assess hardware or material corrosion
  • Review of the safety standards of all (decks, stairs, guards) structures.

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Fortune Brands Completes Acquisition of Fiberon as Part of Doors & Security Segment

DEERFIELD, Ill.–(BUSINESS WIRE)–Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading home and security products company, today announced it completed the acquisition of Fiberon, LLC, a leading manufacturer of outdoor performance materials used in decking, railing and fencing products. Fortune Brands announced an agreement to acquire Fiberon on August 23, 2018. Fiberon is now part of Fortune Brands’ Doors & Security segment.

The Company completed the acquisition for a purchase price of approximately $470 million, which was funded with cash on hand and borrowings under its revolving credit and term loan facilities. In 2017, Fiberon had approximately $200 million in annual sales. Fiberon has approximately 475 associates with offices and operations in Meridian, Idaho and New London, North Carolina. Fortune Brands expects to maintain Fiberon’s current operations and locations.

About Fortune Brands

Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, Ill., creates products and services that fulfill the dreams of homeowners and help people feel more secure. The Company’s operating segments are Plumbing, Cabinets and Doors & Security. Its trusted brands include Moen, Perrin & Rowe, Riobel, Rohl, Shaws and Victoria + Albert under the Global Plumbing Group (GPG); more than a dozen core brands under MasterBrand Cabinets; Therma-Tru entry door systems, Fiberon outdoor performance materials, and Master Lock and SentrySafe security products. Fortune Brands holds market leadership positions in all of its segments. Fortune Brands is part of the S&P 500 Index. For more information, please visit www.FBHS.com.

Contacts

INVESTOR and MEDIA CONTACT:
Fortune Brands Home & Security, Inc.
Kaveh Bakhtiari
847-484-4573
kaveh.bakhtiari@FBHS.com