Industry consolidation ramps up with blockbuster transactions throughout year.
Latest In Pro-Build
Strength in construction industry bodes well as earnings reports pour in.
Month also delivers another big building materials purchase rumor.
Building materials distributor's private equity owner seeking $1 billion at auction, according to Reuters.
$1.6 billion purchase creates national dealer with $6 billion in annual sales.
Rumored $1.5 billion deal headlines yet another slow month for distribution activity.
Sources tell Reuters that transformational deal is in private talks now.
ProBuild appoints Jeff Pinkerman as new chief financial officer.
Myrick formerly served as president and CEO of ProBuild, leaving that post in July 2011.
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Marchbank formerly served as Wolseley’s CEO of European Operations.
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According to ProSales magazine, the Denver, CO-based building materials distributor did not disclose which locations will be closed.
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COO Bill Myrick will replace Paul Hylbert who has served as CEO since 2007.
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The building materials distributor also opened a new millwork facility in San Antonio, TX.
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ProBuild will expand reach in Washington area with acquisition of Oso’s six locations.
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Sacramento location will be a lumber yard, but future expansion is possible.
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Paul Hylbert Jr. of ProBuild addressed the declines his industry has seen this year.
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ProBuild Specialty Building Products will operate two locations in California.
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According to various news reports, ProBuild Holdings, Denver, CO, has purchased CTX Builders Supply from homebuilder Centex Corp., Dallas, TX.
CTX has six manufacturing and distribution centers throughout the …
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Building materials distributor and manufacturer ProBuild Holdings, Denver, CO, is closing its manufacturing plant in Jarrell, TX, and plans to lay off about half its workers there, according to the Austin Business Journal.
The publication cited a notification letter from ProBuild to the Texas Workforce Commission.
ProBuild operates more than 550 lumber and building product distribution, manufacturing and assembly centers for customers in 41 …
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