Builders FirstSource acquires Slone Lumber Company
Dallas, Texas-based Builders FirstSource completed its acquisition of Houston-based Slone Lumber Company.
"The Slone purchase adds to our presence and gives us a solid platform to further expand our business in the highly attractive, greater Houston market," said Floyd Sherman, Builders FirstSource CEO. "It provides us a top-quality distribution business, outstanding employees and an established customer base to complement our existing window manufacturing operations in the surrounding area. We are very pleased to be adding Slone's employees to the Builders FirstSource team, and look forward to working along-side them."
Netting sales of about $17 million in 2013, Slone supplies lumber, engineered beams, interior and exterior door units, moulding, trim and cabinets. It also offers installation services for exterior doors, shutters and cabinets.
"This is an exciting time and a great opportunity for the company and our people," said Gregg Slone, owner and president of Slone Lumber, who will remain in place as general manager. "We look forward to joining Builders FirstSource and becoming part of one of the nation's leading suppliers to the residential construction industry."