Dallas, Texas and Raleigh, NC– Builders FirstSource, Inc. (Nasdaq: BLDR) (“Builders FirstSource”) and BMC Stock Holdings, Inc. (NASDAQ: BMCH) (“BMC”), recently announced early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”), effective on November 13, 2020. This concludes the Department of Justice’s HSR Act review of the proposed combination of the two companies. Builders FirstSource and BMC expected to close the transaction in late 2020 or the beginning of 2021, subject to the approval of the stockholders of each company, as well as the satisfaction or waiver of the remaining closing conditions. The special meetings of each company’s respective stockholders relating to the proposed combination were scheduled to be held in late December, 2020.
Chad Crow, Chief Executive Officer of Builders FirstSource, said, “We are pleased to receive this clearance. We look forward to becoming the nation’s premier supplier of building materials, services and solutions when the transaction is completed.”
Dave Flitman, Chief Executive Officer of BMC and future CEO of the Combined Company, added, “We are excited to take this additional step toward completing the strategic combination of two great organizations. Building on our shared commitment to helping customers thrive through our innovative services and solutions, we will have an expansive geographic footprint and enhanced local relationships in attractive, high-growth markets, allowing us to accelerate our growth strategy and create shareholder value.”
Headquartered in Dallas, Texas, Builders FirstSource is among the largest U.S. suppliers of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. It operates in 40 states with approximately 400 locations and has a market presence in 77 of the top 100 Metropolitan Statistical Areas, providing geographic diversity and balanced end market exposure. Among its many products, Builders FirstSource distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other building products.
For more information about Builders FirstSource, visit the Company’s website at www.bldr.com.
With $3.6 billion in 2019 net sales, BMC is one of the nation’s leading providers of diversified building materials and solutions to new construction builders and professional remodelers in the U.S. Headquartered in Raleigh, the company’s portfolio of products and services spans building materials, including millwork and structural component manufacturing capabilities. BMC serves 45 metropolitan areas across 18 states, principally in the South and West regions.
More information available at www.bldr.com and www.buildwithbmc.com.
