Trex Co. Inc.
) has announced its expansion in the Mid-Atlantic region. The
extension is through the inclusion of Babcock Lumber Company in
the company's distribution network to provide the optimum level
of service to the dealers.
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Pittsburgh-based Babcock Lumber Company is a leading manufacturer
of quality wood products. The company has a wide range of product
offerings and is the sole supplier to the lumber, building
materials, and kitchen and bath industries. In addition, it is
renowned for its commitment to customers.
With the addition of Babcock Lumber to Trex's distribution
network, the Mid-Atlantic traders will get Trex products that
require low maintenance. The expansion is in sync with Trex's
commitment to international expansion.
Babcock Lumber's experienced staff, high-quality, robust
inventory and timely delivery will also add value to Trex's
performance. Babcock will supply dealers across western and
central Pennsylvania, western New York and West Virginia.
Trex, which belongs to the building and construction industry
Armstrong World Industries, Inc.
), expects sales of $72 million for the third quarter of 2013,
indicating a year over year increase of 2%. SG&A spending is
expected to be down more than $1 million from the prior-year
Trex's strategy to go beyond the WPC market and offer products
that compete in the PVC and aluminum railing segments is showing
early signs of success. The company now offers an unparalleled
portfolio of 1,200 different decking and railing combinations.
The company has also initiated a stock repurchase program.
Moreover, Trex will be benefited by its strong financial
condition and better rapport with distributors, dealers and
Winchester, VA-based Trex manufactures and distributes
wood/plastic composite products and related accessories,
primarily for residential and commercial decking and railing
applications in the U.S. The stock currently retains a Zacks Rank
Other stocks in the same industry with favorable Zacks rank
CaesarStone Sdot-Yam Ltd.
) with a Zacks Rank #1 (Strong Buy) and
) with a Zacks Rank #2 (Buy).