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November 30, 2007

Report: HD Supply to Sell LBM Assets

The Home Channel News is reporting that HD Supply has agreed to sell its Lumber and Building Materials unit to Pro-Build Holdings Inc. The unit includes 19 lumberyards in the Atlanta area and 20 in Florida.

The assets are part of Williams Bros. Lumber and Cox Lumber, which HD Supply bought in 2005 and 2006, respectively. At the time of acquisition, Atlanta-based Williams Bros. had sales of $400 million, and the Florida-based Cox had sales of $396 million. The unit also includes Forest Products Supply in Sarasota, FL.

HD Supply was split off Home Depot in August and sold to a trio of private equity firms for $8.5 billion. This is the first news of a change in HD Supply's makeup since the transaction.

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