BMC, Stock Building Supply Complete Merger
The merger of Stock Building Supply of Raleigh and Atlanta-based Building Materials Holding Corp. is final, Stock Building Supply announced Dec. 1.
The merger results in the creation of a new company, BMC Stock Holdings, which together recorded a combined $2.6 billion in last year.
“Today is a momentous day. With the successful completion of our merger, 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 Chief Executive Officer of BMC Stock in a Dec. 1 press release.
As of the merger closing, Alexander will serve as President and CEO and a member of the BMC Stock Board of Directors, and Jim Major will serve as Executive Vice President, Chief Financial Officer and Treasurer. The Company’s Board of Directors, comprising five former BMC directors and three continuing Stock Building Supply directors, will be led by David Bullock as Chairman.