Atlanta company acquiring Shone lumber

0
Advertisement

BMC Stock Holdings, Inc. is acquiringthe business of W.E. Shone Co., a large supplier of building materials in Delaware.

“With an attractive customer profile, including strong relationships with custom homebuilders and professional remodelers, Shone Lumber is an excellent addition to our service capabilities in the Mid Atlantic region,” said Dave Keltner,interim CEO of BMC. “Strategic tuck-in acquisitions, such as this one, are an important part of our strategy to improve our margin profile through the growth of our value-added offerings and the enhancement of our customer mix. We welcome Shone Lumber’s employees to the BMC family and look forward to continuing their reputation of providing outstanding service and quality products to its customers.”

Founded by Bill Shone in 1957, Shone Lumber is now led by Bill’s son, John Shone, who will remain with BMC.

With three facilities consisting of a total of 110,000 square feet of assembly, warehouse and showroom space, Shone Lumber is located to serve Delaware, New Jersey, the Philadelphia market. Sites are in Newark, Middletown and Georgetown.

Advertisement

In 2017, Shone Lumber generated net sales of approximately $70 million.

The JIAN Group in Fredericksburg, Virginia represented Shone Lumber in this transaction.

With over $3 billion in annual net sales, publicly traded BMC is one of the nation’s leading providers of diversified building products and services to professional builders and professional remodelers in the U.S. residential housing market.

BMC serves 43 metropolitan areas across 18 states, principally in the South and West.

Facebook Comments
Advertisement
Advertisement