ProBuild to close three units
ProBuild Holdings has closed its locations in Montgomery and Chester, N.Y., and Franklin, N.J., a company spokeswoman has confirmed. “All three served the same market, along with 10 other [ProBuild] facilities in the greater New York/New Jersey market,” said Carolyn Atkinson. Employees were notified late last week, Atkinson said, and the facilities are now in the process of shutting down.
Montgomery and Chester are located north of the New York City suburbs, near the Hudson River. Franklin is part of New Jersey’s Sussex County.
ProBuild has been able to minimize job layoffs by reassigning 27 employees to other locations, Atkinson said. Nine workers will receive severance packages as a result of the closures.
“We are still in an aggressive acquisition mode, and we’re still looking for companies [to acquire],” she added.
ProBuild is the nation’s largest LBM chain, with more than 550 locations and $5 billion in sales in 2007.