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ProBuild
Carolyn Atkinson
Director of Marketing and Communications
303-262-8350
ProBuild Finalizes Purchase of HD Supply Lumber and Building Materials
Denver, CO (February 4, 2008) – ProBuild Holdings, the nation’s largest supplier of building materials to professional contractors, announced today that it has finalized the previously announced purchase of substantially all of the assets of Atlanta – based HD Supply Lumber and Building Materials. Terms of the sale were not disclosed.
“ProBuild is pursuing a strategy of aggressive growth, both organic and via acquisition,” comments ProBuild Chief Executive Officer Paul W. Hylbert. “The addition of HD Supply Lumber and Building Materials’ yards and truss plants strengthen our position in very important long-term, high-growth housing markets in the Southeast.”
HD Supply Lumber and Building Materials currently operates 39 lumberyards in Georgia and Florida, 7 truss plants, a construction services division and 10 engineered lumber production facilities. Although operating under the HD Supply portfolio of businesses, some facilities operate under other brand names, including Williams Bros. Lumber, Cox Lumber and Forest Products Building Materials.
The HD Supply Lumber and Building Materials acquisition follows on the heels of very aggressive acquisition activity by ProBuild in the Florida and Georgia Markets. In December, ProBuild acquired Fort Lauderdale-based Rosen Building Supplies as well as Granger Lumber in Jacksonville. Over the past year, ProBuild has completed 11 acquisitions, adding to its national network of distribution and manufacturing facilities.
About HD Supply
HD Supply (www.hdsupply.com) is a leading wholesale distribution company focused solely on serving professional customers in the infrastructure, construction, maintenance, repair and remodel markets. Through a diverse portfolio of market-leading businesses, HD Supply is one of the largest diversified wholesale distributors in North America, with approximately 1,000 locations and more than 23,000 associates.
About ProBuild
ProBuild Holdings is the nation’s largest supplier of building materials to professional contractors. ProBuild currently operates more than 520 lumber and building product distribution, manufacturing and assembly centers in 41 U.S. states.
ProBuild sells a broad selection of building materials including lumber and plywood, engineered wood, gypsum wallboard and other drywall products, millwork, trusses, roofing, siding products, insulation materials, metal specialties, hardware and tools. The company’s manufacturing activities include trusses, wall panels, millwork, and pre-hung door and window fabrication. Construction services include framing and installation of other products.
To learn more about ProBuild, visit their website at www.probuild.com.
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