BMC Announces Agreement to Acquire TW Perry, a Premier Independent Building Materials Distributor Serving Northern Virginia, ...
30 Novembre 2020 - 3:15PM
BMC Stock Holdings, Inc. (Nasdaq: BMCH) (“BMC” or the “Company”), a
leading provider of diversified building materials and solutions to
new construction builders and professional remodelers in the U.S.,
announced today that the Company entered into a definitive purchase
agreement to acquire TW Perry, a premier value-added building
materials supplier serving the Northern Virginia, Maryland, and
D.C. markets.
“We look forward to welcoming the associates of
TW Perry to the BMC team,” said Dave Flitman, President and CEO of
BMC. “We are impressed with their pro remodel business, highly
diverse customer base and value-added product mix, which is aligned
with BMC’s core strategy. This addition will expand our portfolio
in the growing Northern Virginia, Maryland and D.C. markets.”
TW Perry was founded in 1911 and is an
independent building materials distributor serving Northern
Virginia, Maryland, D.C. and surrounding areas with six lumber
yards, retail stores, a design studio, a custom millwork operation
and a truss manufacturing facility. The company supplies lumber,
building materials, doors and windows, hardware, decking and
railing products, paint, and power tools to professional remodelers
and custom builders. TW Perry also offers a wide selection of
millwork products, including more than 250 in-stock moulding
profiles, as well as special order products. TW Perry generated
nearly $200 million in total net sales for the twelve months ended
September 30, 2020. The transaction is subject to the satisfaction
or waiver of customary closing conditions and is expected to be
completed in December 2020.
About BMC Stock Holdings, Inc.
With $3.6 billion in 2019 net sales, BMC is one
of the nation’s leading providers of diversified building materials
and solutions to new construction builders and professional
remodelers in the U.S. Headquartered in Raleigh, North Carolina,
the Company's comprehensive portfolio of products and services
spans building materials, including millwork and structural
component manufacturing capabilities, consultative showrooms and
design centers, value-added installation management, and an
innovative eBusiness platform. BMC serves 45 metropolitan areas
across 18 states, principally in the South and West regions.
Investor Relations ContactBMC Stock Holdings,
Inc.Michael D. NeeseSVP, Strategy and Investor Relations(919)
431-1796
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