Bradco Supply draws investor
New York-based Apollo Management LP, a private equity, debt and capital markets investor, has made a strategic investment in Bradco Supply Corp., Avenel, N.J. Terms of the transaction were not disclosed.
Bradco Supply recently was recognized as the 200th largest private company in the U.S. by Forbes magazine. The company has more than 150 branches in 30 states.
"We are happy for the relationship with Apollo Management," says Barry Segal, founder and chairman of Bradco Supply. "In a short period of time, we have become comfortable with the chemistry and see this as a great opportunity to significantly grow the company."
Roofing material demand in China is expected to increase
Demand for roofing material in China is expected to increase 4.4 percent per year through 2010 to 2.6 billion square meters according to "Roofing in China," a new study from The Freedonia Group Inc., a Cleveland-based industry research firm. According to the study, the Chinese roofing market will experience the fastest growth among major economies in the world, driven by strong gains in China's building construction activity. Measured in the Chinese yuan, roofing demand is expected to increase 7.4 percent annually through 2010 to 57 billion yuan. $1 equals about 7.8 yuan.
Concrete and clay tiles and bituminous roofing material accounted for more than 80 percent of roofing material demand in China in 2005. However, elastomeric and plastic membranes are expected to have some of the strongest market gains through 2010.
Roofing demand in China's nonresidential building market also is expected to increase almost 5 percent annually through 2010 because of continued industrialization and sustained strength in foreign direct investment.
Encourage employee ideas
Employees are a valuable source for new ideas. However, it is important employees know they can speak up without fear of being ignored or shot down. Share the following guidelines with employees to help them communicate their ideas:
Source: Adapted from Employees Should Advance Their Ideas at Work as cited by Communication Briefings, February issue
How to handle harrassment
How a manager chooses to handle a sexual-harassment complaint is crucial; mishandling a complaint could result in a lawsuit. Following are points to remember when an employee comes to you with a sexual-harassment complaint:
Source: Adapted from The Manager's Intelligence Report, sample issue
Details
Geoff Craft
Vice president of OMG Roofing Products, Agawam, Mass.
What is the most unusual roofing project of which you have been a part?
I am proud to have been a part of the Pentagon reroofing project.
Why did you become involved in the roofing industry?
My then fiancée (now my wife) told me I needed to get a "real" job!
What was your first roofing experience?
NRCA President Mark Gaulin, president of Magco Inc., Jessup, Md., a Tecta America company, taking my pull tester and showing me the correct way to use it on a roof.
What are your favorite items on your desk?
Photographs of my three kids from different stages of their lives and my Red Sox World Series ticket.
What do you consider your most rewarding experiences?
Professionallyseeing and being part of the growth of many people at OMG Roofing Products. Personallyraising kind and curious children.
What was your first job?
Paving highways in Rochester, N.Y.
What is your favorite vacation?
Visiting the beaches of Cape Cod, Mass., with my family.
What do you consider a waste of time?
Standing in line drives me crazy!
What is your favorite stress reliever?
Having friends over to play pool and listen to music.
What are your best and worst habits?
My best habit is I love challenges and love to laugh. As for my worst habit, I've been called impatient.
What is your biggest pet peeve?
Rude cell phone users.
If you could invite any three people to dinner (dead or alive), whom would you invite and why?
Jacques Cousteau, to listen to his stories of underwater exploration. Can I count the three members of the band Spinal Tap as the other two?
What are the most challenging aspects of your job?
Hiring, motivating and retaining the best people possible.
What is your roofing industry involvement?
I'm a member of NRCA and The Roofing Industry Alliance for Progress. OMG Roofing Products also is actively involved with SPRI; RCI Inc.The Institute of Roofing, Waterproofing & Building Envelope Professionals; Construction Specifications Institute; and all the local affiliates.
People would be surprised to know
I'd rather hang out at a pool or beach than play golf.
Avoid e-mail management errors
E-mail is a convenient tool but can cause problems if not used appropriately when managing employees. Following are common mistakes to avoid when using e-mail:
Source: Adapted from Managers Aren't Always Able to Get The Right Message Across With E-Mail as cited by The Motivational Manager, sample issue
Conversation is key
Conversation skills are valuable in the workplace and everyday life. Following are tips to help you become a strong conversationalist:
Source: Adapted from First Draft, February issue
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