The 2020 Mid-Year Economic Update_long

Builders FirstSource Acquires Timber Tech Texas

Acquisition expands company's truss business in Texas, especially San Antonio area.

Building materials company Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, TX, a supplier and manufacturer of structural and related building products for residential new construction in the U.S., has acquired Timber Tech Texas, Cibolo, TX, its sixth acquisition since mid-2014. Terms were not disclosed.

Timber Tech is manufacturer of roof trusses, floor trusses, wall panels and sub-components, as well as a supplier of glue laminated timber and veneer lumber beams. Timber Tech, which serves residential and commercial builders in the San Antonio metro area and throughout the state of Texas, had estimated sales of $5 million in 2014.

"The acquisition of Timber Tech gives us the ability to expand our product offering in and around the San Antonio market with an established and knowledgeable workforce," said Builders FirstSource CEO Floyd Sherman. "It also gives us the ability to immediately leverage our other recent truss acquisitions, increasing our truss manufacturing presence in the state of Texas."

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