BMC Enhances its Mid Atlantic Portfolio with the Acquisition of Shone Lumber, A Local Provider of Building Materials to Custom Builders and Professional Remodelers
BMC STOCK HOLDINGS INC (BMCH)
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Source: GlobeNewswire
ATLANTA, Feb. 27, 2018 (GLOBE NEWSWIRE) -- BMC Stock Holdings, Inc. (Nasdaq:BMCH) (“BMC” or the “Company”), a leading provider of diversified lumber and building materials and solutions to new construction builders and professional remodelers in the U.S., announced today that it will acquire the business of W.E. Shone Co. (“Shone Lumber”), the leading supplier of building materials in Delaware. “With an attractive customer profile, including strong relationships with custom homebuilders and professional remodelers, Shone Lumber is an excellent addition to our service capabilities in the Mid Atlantic region,” said Dave Keltner, Interim President and CEO of BMC. “Strategic tuck-in acquisitions, such as this one, are an important part of our strategy to improve our margin profile through the growth of our value-added offerings and the enhancement of our customer mix. We welcome Shone Lumber’s employees to the BMC family and look forward to continuing their reputation of providing o
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