Stock Building Supply Acquires $128M K&A Lumber Company
Stock Building Supply, Raleigh, NC, a supplier of building materials and services to professionals in the U.S., has acquired K& A Lumber Company, Homestead, FL. K& A is a supplier of framing lumber and rebar (fabricated reinforcing steel) to commercial and residential builders in south and central Florida.
K& A was founded in 1979 as a lumber and building materials supplier. In 1992, the company expanded into rebar fabrication. For the fiscal year ending December 2005, K& A recorded sales of $128 million. More than 60% of K& A's sales are to commercial contractors.
Florida is ranked No. 1 in the U.S. for residential housing permits, and record levels are forecast for commercial and industrial projects. The acquisition of ...