Stock Takes Stock
Stock Building Supply, long on a
mission to expand its product offerings and market penetration, has plans to
strengthen its presence in several new markets, including remodeling, light
commercial construction and installed services, its president and CEO Fenton
Hord told investors and analysts at a recent conference in
Hord joked to investors that
"despite some recent rumors, we do remain America's leading distributor of
building materials and provider of services to contractors," ostensibly
responding to Home Depot's growing presence in the professional supply market
through its Home Depot Supply division.
Stock, with $4.1 billion in annual
sales last year, has grown rapidly since UK-based Wolseley plc ...