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HD Supply to Sell Lumberyards to Pro-Build
The one-time Home Depot wholesale distribution unit, HD Supply, has signed a letter of intent to sell its lumber and building material units to Pro-Build Holdings, according to a report in the Orlando Sentinel. Located in Florida and Georgia, the operations to be acquired include 39 lumberyards, as well as a construction services unit and some fabrication operations.
Although HD Supply was in the process of re-branding all its business units, the lumber operations included in the deal—Georgia-based Williams Bros. Lumber and Florida-based Cox Lumber and Forest Products Building Materials—continued to operate under their original names. HD Supply acquired the three companies during the years Home Depot was rapidly moving to become a leader in the professionally oriented building supply business. That effort ended this year with Home Depot selling HD Supply for $8.5 billion to a consortium of three private equity firms.
With more than 500 lumber and building product distribution, manufacturing and assembly centers in 40 states, Pro-Build states it is the nation’s largest supplier of building materials to professional builders and contractors. Based in Denver, the company operates under locally recognized brand names, including The Contractor Yard, Dixieline, Lumbermens, Strober Building Supply and United Building Centers. It is already active in the Southeast market through its Hope Lumber & Supply.
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