Stock Building Supply Purchases Assets of National Home Centers Inc.April 13th, 2010 by Editor
Stock Building Supply announced last week that it has acquired the assets of National Home Centers Inc., a supplier of building materials in Arkansas.
“We are pleased to complete this transaction and look forward to working with our new colleagues in central and northwest Arkansas,” says Joe Appelmann, president and chief executive officer. “Stock transformed its operating model over the past year to become a leaner, more focused organization. This process has allowed us to seize significant opportunities like National Home Centers. We will continue to explore intelligent growth options both in our core markets and elsewhere if opportunities arise.”
Dwain Newman, former chairman and chief executive officer of National Home Centers, adds, “Today is an exciting milestone for National Home Centers. We are proud to be part of a company with a strong financial position and a promising future. Stock has a strong record of improving its own operations despite difficult market conditions and this transaction will allow National Home Centers to realize its full capabilities. The partnership with Stock allows us to remain fully committed to serving our customers with quality products and services.”
Ken Greene has been appointed market manager for Stock’s Arkansas operations. Greene has served in numerous positions within Stock including posts in operations and sourcing.