The acquisition of Davis Homes Wholesale marks Stock's third in the state of w:st="on">Indiana. The acquisition adds 47 associates to the Stock family. All senior management, including General Manager Randy Gaskin, will remain with the company.
'The acquisition enhances our presence in Indiana,' says Stock President and CEO Fenton Hord. 'Davis Homes Wholesale is an excellent complement to our existing location in w:st="on">Franklin.'
Stock Building Supply has 288 locations in 33 states with reported sales of $4.1 billion in 2005. Stock is a subsidiary of target=_blank>Wolseley plc of Theale, England, which had sales in 2005 of more than $20 billion.