The 2020 Mid-Year Economic Update_long

Builders FirstSource to Exit New Jersey

Builders FirstSource, Inc., Dallas, TX, supplier and manufacturer of structural and related building products, has decided to leave the New Jersey market. The company operated a distribution center, a manufacturing facility and three showrooms there. The plan is expected to save $5 million to $7 million over the next two years.
 
These difficult and unprecedented economic times forced us to make very hard decisions to maintain the company's financial health," said Floyd Sherman, Builders FirstSource CEO. "… With the continued difficult economic conditions, we decided to exit this market now, rather than continue our efforts with the probability of exiting the market at a later date. We see challenging times ahead of us, but we will continue our focus on maintaining the ...

Builders FirstSource, Inc., Dallas, TX, supplier and manufacturer of structural and related building products, has decided to leave the New Jersey market. The company operated a distribution center, a manufacturing facility and three showrooms there. The plan is expected to save $5 million to $7 million over the next two years.
 
These difficult and unprecedented economic times forced us to make very hard decisions to maintain the company’s financial health,” said Floyd Sherman, Builders FirstSource CEO. “… With the continued difficult economic conditions, we decided to exit this market now, rather than continue our efforts with the probability of exiting the market at a later date. We see challenging times ahead of us, but we will continue our focus on maintaining the financial health of the company during this difficult period.”
 
Builders FirstSource operates in 12 states, principally in the southern and eastern U.S., and has 65 distribution centers and 61 manufacturing facilities.

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