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Vol. 15, No. 21, October 17, 2016  
MLA LINE
Lumber Industry News Express
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MLA Associate Members

All Season Bldg. Supply
Allied Building Stores, Inc.
American Wholesale Corp.
Biz Lender
Blish-Mize Company
Bluelinx Corporation
BlueTarp Financial Inc.
Boral Light Building Products
BPI - Lbr & Engineered Wood
Builders Material Company
CCM Countertop & Cabinet 
Cedar Creek LLC - St. Louis 
Continental Divide Fence
Dealers Choice Distribution
Delden Mfg. Co., Inc.
Discovery-Based Retail
DMSi Software
Do It Best Corp
ECI Spruce Computer Systems
Epicor Software
Federated Insurance
Forest Products Supply Co.
Frontier Forest Products, Inc.
Great Southern Wood Pres.
Guardian Building Products
Hardman Wholesale Co.
Hawkeye Bldg Dist., Ltd
Hiab USA, Inc.
Hixson Lumber Sales
Huttig Building Products
James Hardie Bldg Products
Klauer Manufacturing Co.
Lumber Merchandising Corp. (LMC) 
MAX USA Corp.
Metal Sales Mfg. Corp.
Mid-Am Building Supply, Inc.
MiTek Builder Products   
Modern Equip. Co., Inc. (MECO Omaha)
Monarch Cement Company
Pennsylvania & Indiana Lumbermens Mutual Ins. Co. 
PrimeSource Bldg Products
PWD, Inc.
Rader Solutions
Rollex Corp
Schutte Lumber Company
Simpson Strong-tie Co Inc
Tamko Building Products, Inc.
Tax Favored Benefits
Tennison Brothers, Inc.
The Empire Company LLC
Thomas Nielsen Wholesale 
Timber Products, Inc.
Treeline Forest Products LLC
USP Structural Connectors
Warrior Building Products
Western Builders Supply, Inc.
Westfall GMC Truck Center
Wingate Sales Solutions, Inc.

Please patronize these companies that support your Association! 

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__________________

The Last Word

"I haven't spoken to my wife in years. I didn't want to interrupt her."
-- Rodney Dangerfield
Still Time to Register for Fall Fling
 
Register now to attend the 2016 Fall Fling! The meeting is planned for Thursday-Friday, November 10-11, in Branson, Missouri, at the Hilton Promenade at Branson Landing. We'll have an all-star line-up of speakers so you can bring home ideas to implement right away.
 
This year's featured presentations will be:  "Investing in Key Employees," "The Seven Deadly Sins in Credit and Finance Operations," "Becoming a True Growth Leader," and "OSHA's Top Ten List." You'll meet MLA's current leadership, and also get a glimpse into government affairs. The price couldn't be better - registration is complimentary for members (nonmembers pay $225 per person). Your suppliers support the event and defray most of the cost for members.
 
You can make reservations now by calling the hotel at 417-243-3413 or click here to make your hotel reservation online.

Click here for complete information. We look forward to seeing you there!
MLA Joins Broad Coalition to Delay New Overtime Rule

As you know by now, prior to their election recess the House of Representatives passed legislation to delay the new DOL rules affecting overtime. We are now urging the Senate to pass the companion bill, S.3464, which recognizes the impact the new regulation will have on the most vulnerable employers. A copy of the letter is attached here.
 
Go to: http://cqrcengage.com/dealer/app/onestep-write-a-letter?3&engagementId=254173 to urge passage of this important legislation before the proposed December 1, 2016 effective date.
 
If you have questions or concerns, please contact Robert Uhler at your MLA - 800-747-6529.
Time to Consider the MLA MEP

MLA has offered a "group" 401(k) plan for members for over a year. It is saving participating dealers on their fees and offering a great benefit to reward their loyal employees. 

If you haven't taken a serious look at this program, now would be a good time. Find out why smart dealers are making the move to the MLA program. Call the MLA Hotline at 800-747-6529, or click here to learn more.
Have You Checked out the MLA Online Campus?
The MLA Online Campus provides you and your employees with high-impact, "real-world" training that develops your leaders, retains your best people and increases your customer loyalty. Each employee has a unique username to access the campus, which houses more than 700 courses on customer service, sales, leadership and more. Want to try a program for yourself? Click here to view another one of our popular courses. If you like what you see, contact us for a one-week trial subscription to see the hundreds of available courses. 
Industry Update  
 
Guardian Building Products Acquires Hawkeye Building Distributors... Greenville, South Carolina-based Guardian Building Products has scooped up Hawkeye Building Distributors. The acquisition is expected to add more than 300 customer accounts and 60 suppliers to GBP's network. Read more.
Source: HBS Dealer, October 17, 2016
 
Are Your Sights Set on Growth? In a recent article in ProSales, BlueTarp questions some common and often ineffective credit policies, such as early pay discounts. Scott Simpson, president of BlueTarp, also offers advice on how to manage customers at different risk levels and personalize your collections approach. Learn how to map your customers on a simple profit/risk quadrant and tailor your approach for each customer. Read more.
Source: ProSales, June 16, 2016
 
Stanley Black & Decker is Buying Newell's Tool Business... Newell Brands has found a buyer for its tool business, having recently announced that it would divest roughly 10 percent of its portfolio as part of its new strategic growth plan. Read more .
Source: HBS Dealer, October 12, 2016


Don't Get Tricked by These Common Estate Planning Mistakes

One way to ensure your assets go to the people you want is to make gifts during your lifetime. These gifts can be specific assets or interests in your business. In 2016, you can use the Annual Gift Tax Exclusion to make gifts of up to $14,000 per person ($28,000 per person for married couples) without incurring any gift or estate tax liability. Read more .
 
This article provided courtesy of Federated Mutual Insurance Company, your association's recommended insurer.