BMC expands in two markets
BMC Stock Holdings acquired substantially all of the assets and assumed certain liabilities of Texas Plywood & Lumber Company, Inc. and Code Plus Components, LLC.
Through these acquisitions, BMC says it enhances its value-added offerings and footprint in the Dallas/Fort Worth and Washington, D.C. markets, respectively.
“We are very pleased to expand our product offerings and capabilities in both the Dallas/Fort Worth and Washington, D.C. areas with the acquisitions of TexPly and Code Plus,” said Peter Alexander, president and CEO of BMC. “Each of these transactions is in line with our strategy to pursue accretive acquisition opportunities that are easily integrated and enable BMC to expand strategically in select markets. Millwork, doors and truss manufacturing are all key components of providing whole-house and value-added solutions to our customers. By moving more of the construction and assembly process to our manufacturing facilities, our customers can continue to thrive, despite a tight labor market, while also saving both time and money.”
TexPly was founded in 1953 and is led by Geoff Yates who will remain with BMC. With over 185,000 square feet of assembly and warehouse space, TexPly is a leading supplier of production millwork and doors for single-family and multi-family residential construction in the greater Dallas/Fort Worth metropolitan area and offers brands including Masonite, Simpson Mastermark, ThermaTru and Woodmine. In 2016, TexPly generated net sales of approximately $55.2 million.
Code Plus was founded in 1999 and is led by Norm Casagrande, Tim Matz and Rob Arensberg, all of whom will remain with BMC. Code Plus operates from a 10-acre site in Martinsburg, West Virginia, and serves a variety of residential homebuilders throughout Maryland, Virginia, the District of Columbia, West Virginia and Pennsylvania. In 2016, Code Plus generated net sales of approximately $14.2 million, primarily from the sale of roof and floor trusses and engineered wood products.
In 2016, Atlanta-based BMC recorded net sales of $3.1 billion. The company serves 42 metro areas in 17 states, predominantly in the South and West regions.
Vermont dealers circle the wagons with Governor Scott
The Vermont Retail Lumber Dealers Association (VRLDA) is inviting Governor Phil Scott to the table.
On April 4, Governor Scott will join the association for a roundtable discussion on the state's business conditions, taking place at the Capitol Plaza Hotel in Montpelier.
Tops on the association's legislative agenda are exempting materialmen from retainage (H. 288), business conditions in Vermont, and paid family leave (H. 196).
The discussion is part of the VRLDA’s Annual Lobby Day and will be followed by a reception.
VRLDA has 48 member companies and represents independent lumber and building material dealers, manufacturers, wholesalers, distributors, and other associated businesses in the state of Vermont, and it employs over 1,200 Vermont residents.
84 Lumber grows in Long Island
In 2016, 84 Lumber experienced growth in excess of 20%, with revenue topping $2.86 billion and the opening of several new stores.
Maintaining that momentum in 2017, 84 Lumber will continue to open new stores – across the county – with a grand opening in Riverhead, New York, first on the list.
The 36,000 square foot facility will serve both residential and commercial customers in need of building materials. It will offer a variety of specialty departments including a 6,500 square foot showroom featuring an 84 Lumber Kitchen & Bath Design Studio with an Andersen window display, a custom millwork shop, and a reclaimed-wood display that will act as inspiration for customers looking to bring their ideas to life.
“We’re glad to be back in the Riverhead community once again,” said Frank Cicero, 84 Lumber’s chief operating officer. “As we identified new opportunities for the company this year, we felt returning to Riverhead to help service the East End with our capabilities and high-end showroom, was an easy business decision.”
84 Lumber will hold a grand opening celebration for its Riverhead store, located at 1751 West Main Street, beginning Thursday, April 6. A ribbon cutting ceremony will be held on Thursday with the Kitchen Cousins in attendance. Festivities will continue through Saturday, April 8 and the store will be offering custom promotions available at this location only.
This new store is just part of the company’s aggressive expansion strategy for 2017. Upcoming grand openings include Holbrook (South Boston); San Antonio; Tampa South; and Durham, N.C., among others.
With more than 250 stores in the United States, 84 Lumber operates 24 locations in New York.