1. Emerging Salem, Ore.-based Western Tool Supply emerged from Chapter 11 bankruptcy protection. The company’s reorganization plan took effect June 29, 2010, according to Kevin Kiker, president of Western Tool. The streamlined company will operate with 20 remaining stores in Oregon, Washington, Idaho, Montana and Utah. At its peak in 2008, the company ran 76 stores, including locations in Canada and the United Kingdom. The pro-focused company started in 1982, and sells power tools, hand tools, fasteners and related items.
2. Forecasting The California Building Industry Association reported state housing production in July increased from a year ago, but declined compared with June. The stats from the Construction Industry Research Board showed permits were pulled for 4,165 total housing units in July, up 35% from July 2009, but down 10% from June. The CIRB’s updated forecast calls for 47,500 units to be built in 2010, up 30% from 2009’s record low.
3. Expanding In Eden Prairie, Minn., Menards is on-pace to open a 236,000-sq.-ft. mega store this spring. The two-story Menards will replace an older Eden Prairie store. At the latest count, Menards operates 255 stores, all in the Midwest.
4. Distributing In Prichard, W.Va., House-Hasson Hardware is adding 100,000 sq. ft. to its Prichard, W.Va., warehouse. The approximately $2 million addition will bring the West Virginia warehouse to 300,000 sq. ft., the company said. Construction is scheduled for completion in January 2011. House-Hasson recently completed a $1 million, 50,000-sq.-ft. expansion of its Knoxville, Tenn., headquarters warehouse. Don Hasson, House-Hasson Hardware president, said the company’s 2009 acquisition of distribution company Moore-Handley and customer service are the principal reasons for the expansion. “This is a direct result of the Moore-Handley acquisition, which has had the universally positive effect on our company that we had anticipated,” Hasson said.
5. Exchanging In downtown Baltimore, The Great Maryland Lawn Mower Exchange of 2010 took place Aug. 13, allowing hundreds of green-minded homeowners to trade in their gas-powered lawn mowers for battery-powered mowers. Sponsored by the Maryland Department of the Environment and Clean Air Partners, the event offered steep discounts for lime-green Neuton Mowers to Maryland residents who exchanged their gas-powered mower, whether it worked or not. The event marked the 101st such exchange for Neuton, the Vermont-based direct-to-consumer manufacturer, which has exchanged more than 40,000 mowers over the years. It also showcased some green-focused stats. The EPA estimated 5% of all air pollution in the United States is the result of gas mowers.