quick quote
 

L.M PISO SOLUTION LIMITED

english Español
skype skype
 
Creating amazing living
Home News BSF to Acquire ProBuild
Follow us

BSF to Acquire ProBuild


Time:2015-04-15 03:51 Source:www.lmpiso.com Writer:lmpiso Click:

 

BSF to Acquire ProBuild




(April 14, 2015)  Builders FirstSource, Dallas, Tx., has agreed to purchase ProBuild Holdings, Denver, Co., for $1.63 billion. 

 
Joining ProBuild’s 400 locations with BSF’s 56 DCs and 56 manufacturing plants will create the world’s largest pro dealer.
 
Floyd Sherman, CEO of BSF, said, “We are very pleased to announce this compelling combination with ProBuild to create a more diversified company with enhanced scale and an improved geographic footprint that will drive significant value for our customers and stockholders. As the U.S. housing market continues its recovery, we believe now is the ideal time to position Builders FirstSource for its next phase of growth and value creation.”
 
The deal is expected to close in the second half of the year, at which time Sherman will serve as CEO and Chad Crow CFO of the combined company. ProBuild CEO Robert Marchbank will continue as part of the ProBuild leadership team to support integration planning and ensure a smooth transition. 




Other Products

InstaFloor Enters Partnership to Distribute Liquid Linoleum Flooring

NALFA Celebrates 20th Anniversary with Redesigned Website

Armstrong Announces Commercial Floor Products Price Increase

Aspecta by Metroflor and Wilsonart Team Up for NeoCon

Mannington Introduces Spillshield to its Restoration Collection

Carpet America Recovery Effort: 2016 Annual Report Released

Lunada Bay Tile's New Lacquer Collection Reinterprets Ancient Japanese Art on Ceramic Medium

NWFA Hosts Successful 2017 Wood Flooring Expo