BMC Stock Holdings, Inc. will acquire the business of W.E. Shone Co., the leading supplier of building materials in Delaware, the U.S, as the company says in the press release received by Lesprom Network.
“With an attractive customer profile, including strong relationships with custom homebuilders and professional remodelers, Shone Lumber is an excellent addition to our service capabilities in the Mid Atlantic region,” said Dave Keltner, Interim President and CEO of BMC. “Strategic tuck-in acquisitions, such as this one, are an important part of our strategy to improve our margin profile through the growth of our value-added offerings and the enhancement of our customer mix. We welcome Shone Lumber’s employees to the BMC family and look forward to continuing their reputation of providing outstanding service and quality products to its customers.”
Founded by Bill Shone in 1957, Shone Lumber is now led by Bill’s son, John Shone, who will remain with BMC. With 3 facilities consisting of a combined 110,000 square feet of assembly, warehouse and showroom space, Shone Lumber is competitively located to serve Delaware, New Jersey, the Philadelphia market and address the growth potential in Northeast Maryland. In 2017, Shone Lumber generated net sales of approximately $70 million.
The JIAN Group in Fredericksburg, Virginia represented Shone Lumber in this transaction.
BMC is a leading provider of diversified lumber and building materials and solutions to new construction builders and professional remodelers in the U.S.
