The 2020 Mid-Year Economic Update_long

Stock Building Supply Adds to Portfolio

Stock Building Supply, Raleigh, NC, building materials distributor, has acquired Perfection Truss Company, in Albuquerque, NM; and Lee Window and Door Company, in Sanford, NC.


 


Perfection Truss is a truss manufacturer in central New Mexico. Founded in the 1950s, Perfection operates from one location. Sales for fiscal year ending March 2006 were $6.4 million. The purchase adds 36 associates to the Stock family.


 


Lee Window and Door Company distributes and installs commercial and high-end residential windows and recorded sales in 2005 of $8.3 million. ‘The acquisition of Lee gives us a solid platform upon which to build and expand our commercial window sales program,’ says Fenton Hord. The acquisition adds 14 associates to Stock.


 


Raleigh, NC-based Stock Building Supply now operates 316 locations in 33 states, with reported sales of $5.3 billion for the fiscal year 2006.


>Stock >parent company Wolseley plc, distributor of plumbing and heating products and building materials, announced six bolt-on acquisitions in October for an aggregate consideration of 61 million (US$116.4 million). In a full year, these bolt-on acquisitions are expected to add approximately 102 million (US$194.6 million) in additional revenue.



>Since the beginning of the financial year on 1 August 2006, a total of 16 bolt-on acquisitions in Europe and North America have been completed for an aggregate consideration of approximately 221 million (US$421.7 million). These 16 acquisitions are expected to add approximately 340 million (US$648.8 million) to group revenue in a full year.

Related Links:
class=headlineblue>Ferguson Acquires HVAC, Fire Sprinkler Distributors
Wolseley: Four More Acquisitions
Wolseley Records 25% Annual Sales Growth
Stock Building Supply Expands Commercial Sales Base
Stock Takes Stock

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