Value Holdings, Inc. Announces the Appointment of Larry Maker as New President - Robert Ziner to Stay as Chairman of the Board
MIAMI, Dec. 12 /PRNewswire/ -- Value Holdings, Inc. (OTC Bulletin Board: VALH), a holding company formed to acquire and consolidate industrial distribution businesses relating to the lumber and general building materials industry, today announced that it has hired Larry Maker, a distribution industry veteran, to become president of the company and manage the company's day-to-day operations.
Robert Ziner will remain with the company, serving as the Chairman of the Board of Directors.
Larry Maker, 54, will join Value Holdings as president and Chief Executive Officer. He will also be president of Network Forest Products Limited, Value Holdings' wholly owned lumber distribution subsidiary. He will be based in Toronto, Canada.
Mr. Maker is a chartered accountant by profession, however he has spent his working career in industry, primarily involved in supply chain management within the wholesale distribution industry. Mr. Maker is leaving his post of vice president, marketing and procurement at Unisource Canada, Inc., a subsidiary of Georgia-Pacific Corporation, one of the world's leading manufacturers and distributors of building products and a leading producer of pulp and paper.
Unisource is Canada's largest single-source distributor of printing and imaging, packaging and maintenance supplies with annual sales of approximately $1.2 billion (Canadian dollars). Unisource operates out of 21 locations across Canada.
Mr. Maker has experience in integrating acquired companies having integrated Adelco Supply into Unisource in 1997 and most recently integrating the logistics of the Xerox brand paper business into Unisource. Mr. Maker has been a member of the Unisource Canada, Inc. Executive Committee and a driving force in articulating the company's future in e-commerce.
"This is a wonderful opportunity for me to bring my years of experience in the industry to the forefront and build Value Holdings into the premiere industrial distribution business for building materials and lumber. We are going to grow the company, filling a niche that has virtually no competition. There are so many companies and divisions of companies on the fringe of the industry and they need to be consolidated into a very profitable model with a core business. We will enable our customers to take advantage of our niche, bringing them great value through economies of scale and dedicated management. This is an exceptional situation, and one that I have been waiting for, I'm very pleased to be involved," said Larry Maker, President and CEO of Value Holdings, Inc.
Due to the company's rapid growth Mr. Ziner and the Board of Directors decided to bring in an experienced manager to run the day-to-day operations of the company and allow Mr. Ziner to concentrate on mergers and acquisitions and strategically guiding the company. Mr. Maker is experienced in the marketing of commodity products, and is uniquely qualified to handle the expanding line products carried by Value Holdings and its subsidiaries.
"Larry Maker has the ability and the experience to guide Value Holdings through this time of tremendous growth, and to further increase our ability to compete in the market place," said Robert Ziner, CEO of Value Holdings. "It is important for us to seek out the best management professionals as we continue to create the premier distribution company in North America."
Mr. Maker will begin with the company on January 1, 2001.
About Value Holdings, Inc.
Value Holdings, Inc. is a holding company formed to acquire and consolidate industrial distribution businesses relating to the lumber and general building materials industry. The corporate goal is to build well-run independent subsidiaries, that have solid market niches with compounded growth rates in terms of revenues and earnings.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. The words "expect" and "anticipate" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement, was made.
SOURCE Value Holdings, Inc.
/CONTACT: Jon Leinwand of Gemini Integrated Financial Service Corp.,
305-937-3062, jleinwand@geminicorp.com, or Charles Southworth of Rubenstein
Investor Relations, 212-843-8271, csouthworth@rubensteinir.com, both for Value
Holdings, Inc./
/Web site: valueholdings.com |
