Plumber Industry News: Ferguson’s Keltner named CFO of the Year

Roth begins $6 million expansion; STIHL celebrates 90th anniversary.
Plumber Industry News: Ferguson’s Keltner named CFO of the Year
Dave Keltner

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Ferguson’s Dave Keltner was named CFO of the Year by Virginia Business magazine. The award recognizes chief financial officers whose ingenuity and dedication have led to success for their companies, their staff and their professional careers. Keltner was honored in the Publicly Traded Companies category.

Keltner joined Ferguson 23 years ago as vice president of construction lending for the Erb Lumber subsidiary of Stock Building Supply. In 1999, he was named vice president of construction lending for Stock before being promoted to chief financial officer seven years later. During his tenure as CFO, Keltner guided a team of associates who have overseen 75 acquisitions and integrations, including 35 over the past six years that have added $1.1 billion to Ferguson’s annual sales.

Roth Industries breaks ground on $6 million expansion 

Roth Industries broke ground in July for the $6 million expansion of its Watertown, New York, facility.

The project will include a 27,000-square-foot expansion, installation of a new blow-molding machine and the creation of at least 12 new jobs. The new machine will add the capacity to produce additional product lines at the Watertown plant that are in prototype development now.

“Watertown is very important to us. After having started our production in Watertown just 10 years ago, we are now entering into our next phase of the expansion,” says Manfred Roth, chairman and CEO.

“It’s really exciting to have this day, and now the hard work begins,” says Joe Brown, president and CEO of Roth Industries North American Operations. “The bulk of the company’s products are used in the residential housing market and times were very difficult during the economic downturn for several years. The Roth ownership remained steadfast, loyal and supportive and we stand here today a stronger, leaner, better-organized business than ever before with a goal to continue to improve, grow and give back to our employees as a result of Roth’s stewardship.”

Roth Industries is a German-owned company specializing in environmentally friendly products that produce, distribute and store energy for domestic and commercial applications. Roth’s Watertown facility produces double-wall oil storage tanks, blow-molded construction/traffic barriers, manifolds and tubing for in-floor radiant heating systems.

STIHL celebrates 90th anniversary

The family-owned STIHL company celebrated its 90th anniversary on July 16, with staff and their families as well as company retirees at the founding company in Waiblingen-Neustadt, Germany.

"The STIHL success story has been built on the skill and high commitment of our workforce,” says Dr. Nikolas Stihl, the founder’s grandson and current chairman of the supervisory and advisory boards. “Those of you who have worked with, and for STIHL in the past, and those of you who are still actively involved are the basis of our success. This staff fête is the family's and the executive board's way of thanking you most sincerely for your dedication, your untiring work and for your many years, even decades, of loyalty to our company."

Andreas Stihl developed his first chain saw in 1926, a two-man electric model. A gasoline chain saw was announced in 1929. Starting in 1930, STIHL exported chain saws to America, then to Russia a year later.

Knapheide sweepstakes giving away work truck body

Sweepstakes entrants have until Aug. 31 to win a work truck body from Knapheide. A random winner will be selected in September. To enter the Knapheide Win-A-Truck Sweepstakes, go to YouNeverSettle.com.

Send us your plumbing industry news: Email personnel, business acquisitions and related plumbing news, photos and videos to editor@plumbermag.com.



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