The 2020 Mid-Year Economic Update_long

Stock Building Supply Buys Kempsville Building Materials

Stock Building Supply, Raleigh, NC, has purchased Kempsville Building Materials Inc., Virginia Beach, VA, a supplier of lumber, stairs, trusses and other materials to home builders. Kempsville Building Materials had sales of more than $70 million in 2004, but sales have been declining since, the Virginian-Pilot reported.

Kempsville’s general manager told the newspaper that the transaction allowed the 163 employee-owners of the company to secure their retirements.

Kempsville’s employees decided to sell the business, he said, because the business was having a hard time competing with the enormous buying power of national companies such as The Contractor Yard, 84 Lumber and Stock.

Kempsville’s product mix includes lumber, millwork, doors and windows, and manufacturing components such as trusses, wall panels and engineered wood. The acquisition adds approximately 180 associates to Stock.

Stock Building is a unit of Wolseley plc, the London-based global distributor of HVAC, plumbing and construction supplies. The distributor had sales of $5.3 billion in 2006 and has 319 operations in 33 states. 

Related Links:
Stock Building Supply Adds to Portfolio
Hardly Scratching the Surface
Wolseley: Four More Acquisitions

More Breaking News

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.