Frequently Asked Questions
Acquisition Details – updated 4-14-20
Who will employ Harvey distribution associates after closing?
Lansing Building Products Northeast, LLC.
What happens to Harvey’s manufacturing business? – added 4-7-20
Harvey’s manufacturing business will remain under the ownership of Dunes Point Capital. After closing, Lansing Building Products will become a major customer of Harvey’s manufacturing business in order to continue supplying Harvey-branded windows and doors to our customers.
What has Lansing learned from their past acquisitions that will influence the integration of the two companies?
We have learned that the best acquisitions remain focused on having the least disruption possible to associates and customers. As a company that remains focused on always raising the bar and delivering a best-in-class experience, Lansing has also learned that much can be gained by listening and understanding the best practices of the companies involved. These are principles we’re committed to following as we integrate Harvey into Lansing.
As a Harvey associate, will I have to re-interview with Lansing? Will I have to move?
At the time of transaction closing, we do not have plans to re-interview Harvey associates or require anyone to move to Lansing’s home office in Richmond or any other Lansing location. In the interim, if you have any questions about the acquisition’s potential effect on your role, please talk with your direct supervisor.
Will this change Lansing’s Vision 2025? – added 3-31-20
In 2018, Lansing established three long-term goals to accomplish by 2025, which will be its 70th year of business. The three Vision 2025 goals were to (1) be a best-in-class place to work and build a career; (2) provide a best-in-class customer experience; and (3) achieve $1 billion in sales. The first two goals of Vision 2025 will not change in light of Lansing’s acquisition of Harvey. It is vitally important that we strive for best-in-class workplaces and customer experiences and we look forward to Harvey associates helping us on that journey. Since we will achieve the third goal of $1 billion in sales as of closing, we will establish a new long-term sales goal.
How long will it take to integrate the two businesses?
We will work to integrate the two businesses as quickly as possible but want to make sure we integrate thoughtfully and in a manner that causes as little disruption as possible to Harvey associates, customers, and suppliers. Some integration activities will occur on Day One after closing, such as Harvey distribution associates becoming employees of Lansing and receiving benefits under Lansing plans. Other integration activities, like the transition from SAP to Infor, will take longer.
How does the acquisition change our vendor partnerships?
Our conversations with vendors have been very positive. They have expressed their confidence in the success of the combined company and excitement for what they hope will create even more opportunity. Kevin Kuchem from Lansing and Wendy Ribeiro from Harvey are leading those conversations and collaborating on the best approach going forward after closing.
How can I share what I’m hearing or ask questions about the acquisition and integration?
This associate portal will continue to serve as the primary hub for communicating important information to all Lansing and Harvey associates during this transition. We’ve added a form on the lower right-hand side of the portal’s main page that allows anyone in the company to submit a question or comment. If you would like a response, please provide your name and email information. If you prefer to remain anonymous, you can submit the form without completing the contact information.
What will be the name going forward? – added 3-16-20
At some point after closing, the name of the combined company will be Lansing Building Products and Lansing will transition the name and the brand into Harvey locations.
When will the acquisition be complete?
We anticipate finalizing the transaction by the end of April 2020 and will continue to keep you posted as we have more details. Between now and closing, it will be business as usual for Lansing and Harvey’s distribution business.
How will communications take place during this transition?
A transition team composed of Lansing and Harvey associates has been established to coordinate detailed plans for a smooth transition post-closing. As further details become available, we will update this specially-designated web portal.
Please note: During this transition, no member of the Lansing or Harvey team should share any confidential or competitive information between the two companies unless you have been duly authorized by senior management. If you are unsure if it is safe to share any information prior to closing, please consult your manager.
How will our customers be notified?
Lansing and Harvey customers will be notified on March 16, 2020 – some by email/letter and others through calls and/or personal visits.
What impact will the acquisition have on our customers?
We do not anticipate any immediate impact to customers, and they will continue to enjoy the tremendous service they’ve come to expect from both Lansing and Harvey. As a combined company, we will seek to continually enhance a best-in-class customer experience.
Day-to-Day Operations – updated 4-21-20
How does the addition of Harvey’s branches impact Lansing’s existing regions?
Initially, there will be no changes to Lansing’s existing six regions based on the addition of Harvey’s branches. The Harvey branches will create a new region, or regions, for Lansing. We will continue to evaluate regional alignment as we proceed.
When will Harvey associates be trained on systems?
We are committed to training Harvey associates on new systems in advance of the systems going live. Keep in mind that some systems, including Lansing’s enterprise resource platform, Infor, will not go live for Harvey associates for several months after closing.
Will Harvey associates switch to Lansing’s training platform?
Yes, Harvey associates will move over to Lansing Learning, which is administered by Saba. Harvey’s in-house training programs developed for Litmos will be imported to Lansing Learning, as well. On the day after closing, we will issue log-in credentials for Lansing Learning to each Harvey associate so they can access any courses they wish, either at work or at home.
What are your thoughts on e-commerce across our combined new company? – added 4-7-20
As part of our goal to provide a best in class customer experience, we are committed to developing an effective e-commerce platform. We expect Harvey’s current experience with e-technology to accelerate our progress on this important initiative.
What are the plans for the Harvey corporate staff that work out of the Waltham home office?
For the Waltham home office associates who will join Lansing, we’re working on setting up distribution-dedicated space for them to work in the existing building in conjunction with our home office associates in Richmond. At this time, we are not asking anyone to relocate.
Will associates be able to relocate to Lansing or other current Harvey locations across the country, if they have an interest in moving?
After closing, if you have an interest in relocating to another Lansing location (including legacy Harvey distribution locations), please let your manager know. Transfer requests are handled on an individual, case-by-case basis. The decision to grant a transfer request depends on the business needs of the respective locations, the associate’s past performance and current standing, and other applicable considerations.
Will we be adding product lines that currently are exclusive to Lansing or Harvey? – added 3-31-20
We are always looking at the right mix of products to support our customers’ businesses and will integrate products where it makes sense, based on the market. While there is no timetable for those decisions, we will be looking at ways after closing to best manage and equip our locations.
Will there be any impact on jobs? – added 3-16-20
One of the great benefits of this acquisition is the distinct geographic footprint of each company. Accordingly, all Harvey associates who are fully dedicated to the distribution business, either in a branch or the home office, will continue with Lansing.
During the transition period after closing, we will work with Harvey’s manufacturing leadership to determine the status of Harvey home office associates who currently split their time between distribution and manufacturing.
There will be no impact to current Lansing associates as part of this acquisition.
Will my reporting structure change?
We do not anticipate any changes at the branch level for Harvey associates. However, some reporting structure changes may occur at the home office, and we will individually notify any associates accordingly.
How will I know who is transitioning over to Lansing and who is staying with Harvey’s manufacturing business?
We will communicate with Harvey associates throughout this transition period and anticipate publishing an updated company directory shortly after closing.
What systems will we be using for inventory, ordering, accounting, etc.?
We are working to move the Harvey distribution business from the current SAP platform to Lansing’s enterprise resource platform, SX.e by Infor. We are also working with Harvey on other IT and systems-related considerations. We will provide additional information about this transition, including training on new IT and systems platforms, as soon as we can.
As a current Lansing associate, what can I do to help transition the Harvey associates into the Lansing family?
First and foremost, continue to do great work every day. If you are in a role that will interface with Harvey associates, please welcome them to the Lansing family, share your experience working here, and answer any questions about your role they may have.
Salary and Benefits – Harvey Associates – updated 4-14-20
Does seniority carry over to Lansing or will everyone from Harvey start as “new associates”?
For purposes such as vacation eligibility, your seniority from time spent with Harvey will carry over.
Will there be any changes to my salary or benefits? – added 3-16-20
SALARY AND PAYROLL
Your payroll provider will continue to be ADP. Harvey associates will continue to be paid weekly. We will advise you of any additional steps you may need to take to continue your direct deposit.
MEDICAL, DENTAL, VISION PLANS
Harvey’s medical, vision and dental plans will be replaced, and we are working to create comparable offerings for those plans. For some benefits, your insurance provider will change — for example, Lansing uses CIGNA for its medical plan. You will receive more information on these plans in the coming weeks.
401(K) PLAN
All Harvey associates joining Lansing will immediately be automatically enrolled in Lansing’s 401(k) plan. Lansing’s 401(k) plan is managed by Fidelity Investments. The company’s match program is 50% of the participant’s contribution (up to 15% of your base salary). Associates are 100% vested on their contributions at all times. Employer matching funds are vested at 100% at the completion of 3 years. In the coming weeks, we will provide additional information on the Lansing 401(k) plan and your options with respect to any balances you may currently have in Harvey’s 401(k) plan.
Will there be changes to any other benefits currently offered or policies implemented by Harvey?
We are working to preserve other Harvey benefits and expect policies applicable to both Lansing and the Harvey distribution business to remain in place after closing. Going forward, we will take a thoughtful, measured approach to understanding the specifics of Harvey’s operations as we want to leverage the best practices of both companies to become a fully integrated powerhouse in the industry.
Markel Ventures – updated 3-31-20
Will Lansing now have Markel in its name?
No, there are no plans for Lansing to have Markel in its name.
What role will Markel Ventures have in this acquisition? – added 3-16-20
Markel Ventures is part of Markel Corporation, a publicly-traded diverse financial holding company based in Richmond, Virginia. Markel Ventures owns and operates a family of companies outside the insurance industry. Its investments in companies are permanent; in more than 15 years of business, it has not sold a company in its portfolio. While Markel Ventures will have a majority interest in Lansing going forward, its focus is on building lasting partnerships, pursuing long-term financial performance, maintaining strong balance sheets, and empowering management teams to run their businesses. Markel Ventures partners with like-minded businesses and refrains from affecting management’s day-to-day activities. They have put their full trust in Lansing’s senior team to lead our growing business going forward. For more information, see www.markel.com/markel-ventures.
Media
What should I do if someone from the media calls to ask about the acquisition?
Please refer any media calls to Lansing’s home office in Richmond (Kristin Hidell; 804.887.2583; Kristin.Hidell@LansingBP.com) or Harvey’s home office in Waltham (Alan Richard; 781.398.7884; Alan.Richard@HarveyBP.com).
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