The 2020 Mid-Year Economic Update_long

Day: February 8, 2008

ProBuild Buys Jasper Lumber

ProBuild Holdings, Denver, CO, supplier of building materials to professional contractors, has acquired North Atlanta-based Jasper Lumber Company.
 
The Jasper purchase follows closely on the heels of ProBuild's acquisition of HD Supply's Lumber and Building Material business, which operates as Williams Bros. Lumber in Atlanta.
 
Jasper Lumber comprises a lumber yard, truss and millwork manufacturing facility in Kennesaw and a lumber distribution business located in Cumming.
 
Jim Cavanaugh, ProBuild South region president, said: This acquisition, along with the previously announced acquisition of HD Supply's LBM operation, positions us well to serve all segments of the Atlanta market."  
 
ProBuild has made 12 ...

Beacon Roofing Supply Core Sales Fall 12.2% in 1Q

Beacon Roofing Supply, Inc., Peabody, MA, reported sales were up 4.8% to $398.4 million in the first quarter 2008 ended Dec. 31, 2007. The increase was due to $64.7 million in acquired sales.
 
Organic growth was down 12.2%, caused by declines of 18.9% and 15.2% in residential roofing and complementary product sales, respectively, with non-residential roofing sales in existing market down just 0.1%.
 
Profit for the quarter was $5.2 million, a decline of 40.5% from the prior-year ...