| Author |
Message |
Russell W. Wood, CSI, CCS
Senior Member
Username: woodr5678
Post Number: 145
Registered: 11-2003
| | Posted on Tuesday, October 06, 2009 - 10:11 am: |    |
We specify W.P. Hickman as one of our approved roofing mfr for mod-bit membranes. We've just recently heard that W.P. Hickman is out of business. Has anyone else heard this? |
Wayne Yancey
Senior Member
Username: wayne_yancey
Post Number: 269
Registered: 01-2008
| | Posted on Tuesday, October 06, 2009 - 10:17 am: | |
Russel,
Isn't W.P. Hickman's sole business the manufacturer of perimeter edge metal for commercial roofs? |
George A. Everding, AIA, CSI, CCS, CCCA
Senior Member
Username: geverding
Post Number: 487
Registered: 11-2004
| | Posted on Tuesday, October 06, 2009 - 10:22 am: | |
W. P. Hickman Systems [Ohio], is not the sheet metal manufacturer W. P. Hickman Company [North Carolina]. Hickman roofing filed for bankruptcy at the end of 2008. Google "Hickman Roofing Bankruptcy"
George A. Everding AIA CSI CCS CCCA
Cannon Design - St. Louis, MO |
Wayne Yancey
Senior Member
Username: wayne_yancey
Post Number: 270
Registered: 01-2008
| | Posted on Tuesday, October 06, 2009 - 10:25 am: | |
October 7, 2008, Naples Daily News staff report
W.P. Hickman Systems Inc., a subsidiary of Serefex Corp. in Naples, filed for Chapter 11 bankruptcy protection.
According to a filing with the Securities and Exchange Commission, Hickman and two of its wholly owned subsidiaries filed the petition for reorganization on Oct. 2.
Hickman could not pay off the remaining balance on a $5 million revolving loan from FirstMerit Bank N.A. and failed to get it refinanced “due to the deeply troubled credit market,” according to the filing. The company still owes $3 million and it “believes that FirstMerit intends to aggressively pursue all of its available legal remedies,” including appointing a receiver and liquidating Hickman’s assets. |
Wayne Yancey
Senior Member
Username: wayne_yancey
Post Number: 271
Registered: 01-2008
| | Posted on Tuesday, October 06, 2009 - 10:28 am: | |
More stuff from the Naples Daily News,
Hickman has been operating profitably for four months, according to the filing.
Adding to the “financial stress,” the company’s new ownership and management have “uncovered certain accounting irregularities and potentially fraudulent activities in excess of $5 million by former insiders and subordinated debt holders of Hickman.” Lawsuits against the insiders are pending.
Serefex, a publicly-traded company, acquired a majority stake in Hickman in late 2007 to establish a national footprint. At the time, the local company was making most of its money from its Fridge Tape, which is sticky on one side and has a magnet on the other, making it easy to hang photos, coupons and kid’s masterpieces on the refrigerator.
W.P. Hickman, based in Ohio, manufactures and sells roofing products |
Phil Kabza
Senior Member
Username: phil_kabza
Post Number: 410
Registered: 12-2002
| | Posted on Tuesday, October 06, 2009 - 11:12 am: | |
We don't specify Hickman (Roofing) due to their tendency to go around the architect and sell directly to the facility owner in a sole source proprietary specification. This has posed some problems with compliance with public bidding statutes for school facility owners in our state. I hope they may change how they go to market. We've never had a Hickman roofing rep call on us.
We do frequently include Hickman coping and roof edge metal systems in our specifications; they've done a fine job of educating architects on ANSI/SPRI ES-1 requirements in the IBC. |
John Bunzick, CCS, CCCA, LEED AP
Senior Member
Username: bunzick
Post Number: 1115
Registered: 03-2002
| | Posted on Tuesday, October 06, 2009 - 03:32 pm: | |
How's that again? Can someone give the precise corporate names and locations, and the product line each is in? I'm confused. |
Ralph Liebing, RA, CSI, CDT
Senior Member
Username: rliebing
Post Number: 1072
Registered: 02-2003
| | Posted on Tuesday, October 06, 2009 - 03:42 pm: | |
W.P Hickman out of Ashville, North Carolina has a fine, quality product line of roof edge systems.
It is the Ohio-based roofing systems/material company [by same name] that is apparently defunct. |
George A. Everding, AIA, CSI, CCS, CCCA
Senior Member
Username: geverding
Post Number: 488
Registered: 11-2004
| | Posted on Tuesday, October 06, 2009 - 04:03 pm: | |
W.P. Hickman Company
07 6200 - Metal Flashings, Copings and Fascias
Physical Address:
9 Hickman Drive
Asheville, NC 28803
Mailing Address:
P.O.Box 15005
Asheville, NC 28813
Toll Free Phone: 1-800-892-9173
Local Phone: (828) 274-4000
Fax: 828-274-4031
Website: www.wph.com
W.P. Hickman Systems, Inc.
07 5000 - Membrane Roofing
Address: 30700 Solon Ind Pkwy
Solon, OH,
44139-4333
Phone: 440-248-7760
Fax: 440-248-6524
Website: www.wphickman.com
George A. Everding AIA CSI CCS CCCA
Cannon Design - St. Louis, MO |
Colin Gilboy
Senior Member
Username: colin
Post Number: 204
Registered: 09-2005
| | Posted on Wednesday, October 07, 2009 - 09:32 am: | |
The www.wphickman.com website currently redirects to the www.wph.com website.
My notes in the changes section shows that W.P. Hickman Systems had a name change to Viridian Systems http://www.viridiansystems.net/
Colin Gilboy
Publisher, 4specs.com
435.654.5775 - Utah
800.369.8008 |
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