Stock Building Supply exits Arizona
Stock Building Supply will close its Phoenix location next month, according to the Phoenix Business Journal, which obtained the news from the Arizona Department of Economic Security. Approximately 123 workers will be laid off, according to the newspaper.
Stock entered the Phoenix market with the purchase of the facility at the end of 2006. Formerly called Tonto Verde Construction, the framing contractor also operated a four-acre lumberyard operation called Precision Forest Products. It was the Raleigh, N.C., chain’s only location in Arizona.
On Oct. 23, Stock’s parent company, U.K.-based Wolseley, announced a major consolidation at Stock that will ultimately result in the closure of 86 units. A list of the exact locations has not been released, but local newspapers have been reporting closures ever since.
Business First of Louisville reported that a Stock lumberyard and showroom in La Grange, Ky., has closed. The company’s location in St. Charles, Ill., will also be shut down, according to the Kane County Chronicle.