Suncoast Roofers Supply Inc., Tampa, FL, has filed for Ch. 11 bankruptcy protection. In its bankruptcy filings, the roofing supplies distributor reported a 57% decline in sales over 2006 due to the decline in housing and related markets.
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For the nine months ended Sept. 30, 2007, sales were about $100 million. By comparison, sales for the distributor during fiscal 2006 were $209.6 million.
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At the same time the distributor was hit with the housing slump, it embarked on an ambitious expansion campaign to vertically integrate” its manufacturing and distributing processes to improve product availability and delivery, and “capture a larger share of supply chain profits.”
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In 2006, Suncoast acquired 80% of American Concrete Tile Inc., a …
Suncoast Files for Ch. 11 Bankruptcy Protection
Suncoast Roofers Supply Inc., Tampa, FL, has filed for Ch. 11 bankruptcy protection. In its bankruptcy filings, the roofing supplies distributor reported a 57% decline in sales over 2006 due to the decline in housing and related markets.
  ;
For the nine months ended Sept. 30, 2007, sales were about $100 million. By comparison, sales for the distributor during fiscal 2006 were $209.6 million.
  ;
At the same time the distributor was hit with the housing slump, it embarked on an ambitious expansion campaign to vertically integrate” its manufacturing and distributing processes to improve product availability and delivery, and “capture a larger share of supply chain profits.”
  ;
In 2006, Suncoast acquired 80% of American Concrete Tile Inc., a …
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