BMC Stock Holdings, Inc., a leading solutions provider for diversified lumber and building materials to new construction builders and professional remodelers in the United States (US), has acquired all the assets and taken on certain liabilities of Code Plus Components, LLC, as well as Texas Plywood & Lumber Company, Inc.. With these takeovers, BMC is cementing its place and adding value to its product offerings in the Washington, D.C. and Dallas/Fort Worth markets, respectively.
“We are very pleased to expand our product offerings and capabilities in both the Dallas/Fort Worth and Washington, D.C. areas with the acquisitions of TexPly and Code Plus,” President and CEO of BMC, Peter Alexander, said. “Each of these transactions is in line with our strategy to pursue accretive acquisition opportunities that are easily integrated and enable BMC to expand strategically in select markets. Millwork, doors, and truss manufacturing are all key components of providing whole-house and value-added solutions to our customers. By moving more of the construction and assembly process to our manufacturing facilities, our customers can continue to thrive, despite a tight labour market, while also saving both time and money.”
The exclusive financial advisor to TexPly for the duration of the transaction was Anchor Peabody.
TexPly was founded and established in 1953, and is headed by Geoff Yates, who will stay on with BMC. A supplier of production millwork and doors for multi-family as well as single-family residential constructions in the greater Dallas/Fort Worth area, the company holds more than 185,000ft² (17,000m²) of warehouse and assembly space and provide brands including Woodmine and ThermaTru, among others. TexPly generated an estimated net sales of US$55.2 million in 2016.
Code Plus was founded and established in 1999 and steered by Rob Arensberg, Norm Casagrande, and Tim Matz, all of whom will continue on with BMC. The company is run from Martinsburg, West Virginia, and is geared toward a range of residential homebuilders in Pennsylvania, West Virginia, and Maryland, among others. Company net sales reach about US$14.2 million in 2016, most of it stemming from the sale of floor and roof trusses, as well as engineered wood products.
