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ProBuild Finalizes Purchase of HD Supply
ProBuild Holdings, the Denver, Colo.-based supplier of building materials to professional contractors, has finalized its purchase of substantially all of the assets of Atlanta-based HD Supply Lumber and Building Materials. Terms of the sale were not disclosed.
“ProBuild is pursuing a strategy of aggressive growth, both organic and via acquisition,” says ProBuild chief executive officer Paul W. Hylbert. “The addition of HD Supply Lumber and Building Materials’ yards and truss plants strengthen our position in very important long-term, high-growth housing markets in the Southeast.”
HD Supply Lumber and Building Materials currently operates 39 lumberyards in Georgia and Florida, 7 truss plants, a construction services division and 10 engineered lumber production facilities. Although operating under the HD Supply portfolio of businesses, some facilities operate under other brand names, including Williams Bros. Lumber, Cox Lumber and Forest Products Building Materials.
The HD Supply Lumber and Building Materials acquisition follows on the heels of other acquisitions by ProBuild in the Florida and Georgia markets. In December, ProBuild acquired Fort Lauderdale-based Rosen Building Supplies as well as Granger Lumber in Jacksonville. Over the past year, ProBuild has completed 11 acquisitions, adding to its national network of distribution and manufacturing facilities.
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