Home Depot Buys Cox Lumber, Enerbank
Home Depot Supply has expanded its presence on the East Coast with subsidiary Williams Bros. Lumber's recent purchase of Florida-based Cox Lumber. Cox had $396 million in sales in 2005. The acquisition will almost double the size of Williams Bros., based in Suwannee, GA, and extend its reach into key growth markets in Florida and the Southeast.
The acquisition of Cox Lumber is part of The Home Depot's strategy to grow in what it estimates to be a $410 billion professional supply market. Home Depot Supply serves business-to-business customers, including homebuilders, professional contractors, municipalities and maintenance professionals.
Cox Lumber has 28 stores, 11 truss plants and 15 door plants. It has also recently started ...