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In The News:

ProBuild Agrees to Buy Chopp Lumber

Denver, CO-based ProBuild Company LLC, No. 1 on the MDM top 10 building materials/construction distributors, has agreed to acquire some of the assets of Chopp Lumber, a building materials supplier based in Waldorf, MD. ProBuild also announced the opening of a new millwork facility in San Antonio, TX.

These transactions give ProBuild an increased presence in two of the top 20 housing markets in the country, both of which analysts predict will see significant growth in the next several years.

The Maryland location will supply trusses, wall panels and lumber to the residential and commercial markets of the greater Washington, D.C., market and southern Maryland. The new location follows ProBuild's opening of a components manufacturing facility in Winchester, VA this past March to serve the western and northern segments of Metro D.C.

"These are two very important markets for us," CEO Paul Hylbert said.

The new facilities in Maryland and Texas build upon ProBuild's national presence of more than 470 centers in 42 states and follow its acquisition in May of Oso Lumber in the greater Seattle market in Washington State.

For distribution-specific economic intelligence, order Adam Fein's 2010 Wholesale Distribution Economic Reports.

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