HANLEY-WOOD CREATES NEW INTERNET COMPANY.
The project is funded by $20 million in capital arranged through Hanley-Wood, its parent and its bank group. A subsequent round of financing is scheduled for this summer. The site will launch in phases beginning in September and is expected to be completed in time for the "2001 National Association Home Builders" exposition Feb. 9-12, 2001.
Hanley-Wood president Frank Anton, who has been named ceo of ebuild.com, said ebuild's mission is to "use the Internet to transform the way manufacturers, distributors, builders, remodelers, subcontractors and consumers look for product information." The site will carry "thousands of residential building products from hundreds of manufacturers," Anton said.
Hanley-Wood said it is seeking partners for the venture and is currently in discussions about affiliations with other businesses in the building products industry.
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|Article Type:||Brief Article|
|Date:||Jun 17, 2000|
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