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ATLANTA, Feb. 27, 2018 -- 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 outstanding service and quality products to its customers.”
Founded by Bill Shone in 1957, Shone Lumber is now led by Bill’s son, John Shone, who will remain with BMC. With 3 facilities consisting of a combined 110,000 square feet of assembly, warehouse and showroom space, Shone Lumber is competitively located to serve Delaware, New Jersey, the Philadelphia market and address the growth potential in Northeast Maryland. In 2017, Shone Lumber generated net sales of approximately $70 million.
The JIAN Group in Fredericksburg, Virginia represented Shone Lumber in this transaction.
About BMC Stock Holdings, Inc.
With over $3 billion in annual net sales, BMC is one of the nation’s leading providers of diversified building products and services to professional builders and professional remodelers in the U.S. residential housing market. Headquartered in Atlanta, Georgia, 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 43 metropolitan areas across 18 states, principally in the fast-growing South and West regions.
Media Relations Contact:
BMC Stock Holdings, Inc.
Jeanine Froke
925-980-2428
Investor Relations Contact:
BMC Stock Holdings, Inc.
Carey Phelps
678-222-1228
