BMC Acquires Texas Plywood & Lumber and Code Plus Components

By / 2 months ago

BMCATLANTA — BMC Stock Holdings, Inc.has acquired substantially all of the assets and assumed certain liabilities of Texas Plywood & Lumber Company, Inc. and Code Plus Components, LLC. Through these acquisitions, BMC enhances its footprint in the Dallas/Fort Worth and Washington, D.C. markets, respectively.

“We are very pleased to expand our product offerings and capabilities in both the Dallas/Fort Worth and Washington, D.C. areas with the acquisitions of TexPly and Code Plus,” said Peter Alexander, president and CEO of BMC. “Each of these transactions is in line with our strategy to pursue accretive acquisition opportunities that are easily integrated and enable BMC to expand strategically in select markets. Millwork, doors and truss manufacturing are all key components of providing whole-house and value-added solutions to our customers. By moving more of the construction and assembly process to our manufacturing facilities, our customers can continue to thrive, despite a tight labor market, while also saving both time and money.”

TexPly was founded in 1953 and is led by Geoff Yates who will remain with BMC. With over 185,000 square feet of assembly and warehouse space, TexPly is a supplier of production millwork and doors for single-family and multi-family residential construction in the greater Dallas/Fort Worth metropolitan area and offers brands including Masonite, Simpson Mastermark, ThermaTru and Woodmine. In 2016, TexPly generated net sales of approximately $55.2 million.

Anchor Peabody was the exclusive financial advisor to TexPly in this transaction.

Code Plus was founded in 1999 and is led by Norm Casagrande, Tim Matz and Rob Arensberg, all of whom will remain with BMC. Code Plus operates from a 10-acre site in Martinsburg, WV and serves a variety of residential homebuilders throughout Maryland, Virginia, the District of Columbia, West Virginia and Pennsylvania.  In 2016, Code Plus generated net sales of approximately $14.2 million, primarily from the sale of roof and floor trusses and engineered wood products.

Source: BMC

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