DALLAS, Aug. 1 /PRNewswire-FirstCall/ -- Builders FirstSource, Inc.(NASDAQ:BLDR), a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, today announced that it has acquired Bama Truss and Components, Inc. ("Bama").
Based in Shelby, Alabama, Bama is a market leader in multifamily and light commercial manufactured structural components with annual sales of approximately $25 million. Its product offerings include: wood roof and floor trusses, wood panels, steel roof trusses and various related building materials and services.
Floyd Sherman, Builders FirstSource Chief Executive Officer, said, "The Bama acquisition further expands our presence in Alabama while enhancing our product offering and customer base. We are excited about the addition of steel roof trusses to our family of product offerings and services."
In order to ensure a smooth transition for customers, Pat Shugrue, former owner of Bama, will serve as a consultant to Builders FirstSource. Mr. Shugrue said, "I am enthusiastic about the industry knowledge and resources the Builders FirstSource team will bring to our customers, and I look forward to the new opportunities this partnership will create for our employees."
Mr. Sherman added, "We welcome the Bama employees to the Builders FirstSource team. We look forward to working along side them and to serving the Bama customers."
About Builders FirstSource
Headquartered in Dallas, Texas, Builders FirstSource is a leading supplier and manufacturer of structural and related building products for residential new construction. The company operates in 13 states, principally in the southern and eastern United States, and has 68 distribution centers and 61 manufacturing facilities, many of which are located on the same premises as our distribution facilities. Manufacturing facilities include plants that manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes windows, interior and exterior doors, dimensional lumber and lumber sheet goods, millwork and other building products. For more information about Builders FirstSource, visit the company's Web site at http://www.bldr.com/ .
Statements in this news release and the schedules hereto which are not purely historical facts or which necessarily depend upon future events, including statements about the anticipated benefits of this transaction or other statements about anticipations, beliefs, expectations, hopes, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements are based upon information available to Builders FirstSource, Inc. on the date this release was submitted. Builders FirstSource, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to the Company's growth strategies, including this acquisition, or the Company's revenues and operating results being highly dependent on, among other things, the homebuilding industry, lumber prices and the economy. Builders FirstSource, Inc. may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Builders FirstSource, Inc.'s most recent annual report on Form 10-K filed with the Securities and Exchange Commission. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein.
CONTACT: Charles L. Horn, Senior Vice President and Chief Financial Officer of Builders FirstSource, Inc., +1-214-880-3500
Web site: http://www.buildersfirstsource.com/
SOURCE Builders FirstSource, Inc.