Stock Building Supply and Building Materials Holding completed their merger to form BMC Stock Holdings, Inc. Jason deBruyn, Triangle Business Journal, takes a look at the new company which will be headquartered in Atlanta.
BMC Stock will still operate under Stock Building Supply and BMC in their respective local markets. Stock shares for the new company traded up to $17.25 but was still down 16% form when the deal was first announced in June:
“... The new BMC Stock is well-positioned to capitalize on expansion opportunities in the fragmented building materials industry and drive profitable growth,” said Peter Alexander, President and CEO of BMC Stock. He is the former CEO of Building Materials Holding, which was based in Atlanta.