Stock Building Supply Holdings announced on May 10 that it entered into an agreement to purchase the assets of Bison Building Holdings Inc. and its subsidiaries. Bison is a supplier of building materials in Texas focused on the greater Houston area. Under the agreement, Stock will purchase substantially all of the assets of Bison pursuant to Section 363 of Chapter 11 of the U.S. Bankruptcy Code.

The transaction is Stock’s second acquisition this quarter and chief executive officer Joe Appelmann said this move furthers bolsters the company’s core residential business. “The combination of Bison and Stock creates a clear market leader in Houston with the breadth of capabilities and combined talent to deliver a compelling value proposition to our customers.”

Bison filed a voluntary petition for federal bankruptcy reorganization on June 28, 2009. Stock intends to complete the transaction on or shortly after June 29, 2010.


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