The 2020 Mid-Year Economic Update_long

Stock Acquires Davis Homes Wholesale

href=”http://www.stockbuildingsupply.com/” target=_blank>w:st=”on”>Stock w:st=”on”>Building Supply, w:st=”on”>Raleigh, N.C., a supplier
of building materials to professionals in the w:st=”on”>U.S., has acquired the Wholesale Division of
Davis Homes, in w:st=”on”>Indianapolis, w:st=”on”>IN.



 

href=”http://www.davishomes.com/tdd_1.aspx” target=_blank>Davis Homes Wholesale
is the sole supplier of roof trusses, wall panels, door assemblies, framing
lumber, windows, sub-flooring, interior and exterior trim, roofing, and
sheathing for Davis Homes, which builds in the w:st=”on”>Indianapolis area. For the year ending Dec. 31,
2005, Davis Wholesale reported sales of $19.4 million.



 

The acquisition of Davis Homes Wholesale
marks Stock’s third in the state of w:st=”on”>Indiana. The acquisition adds 47 associates to
the Stock family. All senior management, including General Manager Randy Gaskin,
will remain with the company.



 

‘The acquisition enhances our presence in
Indiana,’ says
Stock President and CEO Fenton Hord. ‘Davis Homes Wholesale is an excellent
complement to our existing location in w:st=”on”>Franklin.’


 


Stock Building
Supply has 288 locations in 33 states with reported sales of $4.1 billion in
2005. Stock is a subsidiary of target=_blank>Wolseley plc of Theale, England, which had sales in 2005 of
more than $20 billion.

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