Trex Expands Distribution with International Wood Products, Strengthening Presence in Northern California and Northern Nevada
11 Dezembro 2024 - 11:00AM
Business Wire
Trex Company, Inc. (NYSE: TREX), the world’s largest
manufacturer of wood-alternative decking and residential railing
products, announces the expansion of its relationship with building
materials distributor International Wood Products, LLC (IWP). As
part of this strategic move, IWP will exclusively stock Trex®
decking and railing at all five of its distribution facilities in
the Western United States, including their Cloverdale, California
location. This significant expansion will extend Trex’s reach in
the high-growth markets of Northern California and Northern
Nevada.
Building on their shared success in the Pacific Northwest, this
expansion represents a natural progression of the companies’ mutual
commitment to quality, customer service and innovation. Northern
California and Northern Nevada are key regions for both Trex and
IWP, representing two of the largest and fastest-growing markets
for wood-alternative decking and railing products in the West.
“Our relationship with International Wood Products has been a
cornerstone of Trex’s success in the Pacific Northwest,” stated
Bret Martz, Group Vice President of North American Professional
Sales at Trex Company. “IWP is known for its excellent service,
high customer satisfaction and strong market intelligence in the
regions it serves. This expansion into Northern California and
Northern Nevada is a key milestone as we work together to serve
growing demand for eco-friendly, high-quality outdoor living
solutions.”
Josh Hamilton, President of International Wood Products, added,
“Our long-standing relationship with Trex has been built on mutual
trust and shared values, and we are incredibly proud of the success
we’ve achieved together. By exclusively stocking Trex decking and
railing products at all five of our distribution facilities in the
West, including Cloverdale, we will be able to offer a
comprehensive selection of premium solutions to our valued
customers across the region.”
Market Impact
- Expanded Market Reach: This partnership extends Trex’s
presence across the Western U.S., positioning the company for
accelerated growth in Northern California and Northern Nevada.
- Product Diversification: IWP will now stock Trex’s
complete line of decking and railing products, including new
premium offerings like cable and specialty glass railing
systems.
- Sustainability Focus: This expansion aligns with
increasing consumer demand for eco-friendly building materials, as
Trex decking products are made from up to 95% recycled
materials.
- Growth Potential: Trex aims to double its share in the
$3.3 billion residential railing market from 6% to 12% over the
next five years. The expansion into rapidly growing regions such as
Northern California and Northern Nevada will be a key driver in
reaching this goal.
This expanded affiliation reinforces Trex’s position as the
market leader in sustainable outdoor living solutions and sets the
stage for continued expansion, innovation and success in the
decking and railing industry.
Trex boasts the industry’s strongest distribution network with
products sold through more than 6,700 retail outlets across six
continents. For more information about Trex products, visit
www.trex.com. To learn more about IWP, go to
https://iwpllc.com/.
About Trex Company
For more than 30 years, Trex Company [NYSE: TREX] has invented,
reinvented and defined the composite decking category. Today, the
company is the world’s #1 brand of sustainably made,
wood-alternative decking and deck railing, and a leader in high
performance, low-maintenance outdoor living products. The
undisputed global leader, Trex boasts the industry’s strongest
distribution network with products sold through more than 6,700
retail outlets across six continents. Through strategic licensing
agreements, the company offers a comprehensive outdoor living
portfolio that includes deck drainage, flashing tapes, LED
lighting, outdoor kitchen components, pergolas, spiral stairs,
fencing, lattice, cornhole and outdoor furniture – all marketed
under the Trex® brand. Based in Winchester, Va., Trex is proud to
have been named America’s Most Trusted® Outdoor Decking 4 Years in
a Row (2021-2024). The company was also recently included on
Barron’s list of the 100 Most Sustainable U.S. Companies 2024,
named one of America’s Most Responsible Companies 2024 by Newsweek
and ranked as one of the 100 Best ESG Companies for 2023 by
Investor’s Business Daily. For more information, visit Trex.com.
You may also follow Trex on Facebook (trexcompany), Instagram
(trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok
(trexcompany), Pinterest (trexcompany) and Houzz
(trex-company-inc), or view product and demonstration videos on the
brand’s YouTube channel (TheTrexCo).
About IWP
International Wood Products, LLC (IWP) is an independent,
full-service stocking distributor and manufacturer of quality
building materials providing service to building materials
suppliers in the Western United States.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241211752884/en/
For Trex: Corinne Racine or Abigail Cox cracine@lcwa.com
or acox@lcwa.com For IWP: Amy Warren
amy.warren@iwpllc.com
Trex (NYSE:TREX)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Trex (NYSE:TREX)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024