Builders FirstSource Moves Into Alabama by Acquisition
Builders FirstSource Inc., a supplier and manufacturer of structural and related building products headquartered in Dallas, Texas, has acquired Waid Home Center Inc., a full-line building materials supplier based in Auburn, Ala. Among Waid's product offerings are: lumber, tools, windows, mouldings, paint, and insulation. The acquired company produced approximately $25 million in sales in 2005.
"The Waid acquisition expands our presence into Alabama. We are extremely bullish on this area due to the job growth we expect from the nearby Kia automotive plant that is under construction. We also believe this creates an opportunity to sell prefabricated products into the market," explained Floyd Sherman, Builders FirstSource chief executive officer. "We welcome the Waid employees to the Builders FirstSource team, and we consider it a privilege to serve the Waid customers," he added.
Former Waid Home Center owner, Joey Waid, will serve as a consultant to Builders FirstSource and said, "The Builders FirstSource team brings a great deal of industry knowledge and resources, and I look forward to working with them in serving homebuilders in the Opelika-Auburn area."
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