Importing a .blend material.

So I made some models of some basic wooden objects (such as fences and outdoor decks) just for practice but I don’t have any materials. I found a website (http://matrep.parastudios.de/index.php) and decided to use some wood materials from it. They come in a .blend file format and from my understanding you can only import .dae and a few other file formats but not .blend. Is this true or am I wrong? If it’s true is there a program or some other way that I can change the file from .blend to .dae? Thanks for all the responses in advance and sorry for such a noob question.

If you want to ‘import’ something from another blend file you use Shift+F1 to append it. It could be a material, a node group, a mesh, an object, a camera or a whole scene.
See http://cgcookie.com/blender/2010/07/12/tip-appending-and-linking/

Great, thanks!