Builders FirstSource, the sixth largest ProSales 100 company, today announced the opening of a new location in Conroe, Texas, as well as the relocation of its existing San Antonio, Texas, distribution facility.
The Conroe, Texas location sits on an 11.5 acre site and includes 60,000 square feet of warehouse, showroom and office space. The location will distribute dimensional lumber and lumber sheet goods, interior and exterior doors, millwork and other distributed building products.
The relocated San Antonio facility in Schertz, Texas, spans 15 acres and approximately 90,000 square feet of warehouse and office space. That location will distribute dimensional lumber and lumber sheet goods to start with, but BFS says it will also eventually include interior and exterior doors and millwork.
"Our recent Houston acquisition was a major step into a market we feel has very strong growth prospects," said Floyd Sherman, Builders FirstSource CEO. "The purchase of the Conroe facility increases our footprint within this market, allowing us to service our current customers from the north side while providing us the opportunity to expand our customer base." Sherman said.
"The relocation of our San Antonio location was necessary as the lease on our existing distribution facility, located on the northwest side of the market, was soon expiring," said Sherman. "San Antonio is a very important market for us and the Schertz facility is an excellent one, located in the heart of this expanding market. We feel very fortunate to have secured these prime facilities within two of the best housing markets in the United States."
During an earnings call with investors in October, Sherman told investors his company's recent acquisitions stemmed from a plan to get more business from multifamily builders.
"When you look at the acquisitions that we made with the truss manufacturing companies, those companies will enable us to become more involved with the multifamily sector of the business," Sherman said in that call. "We like trusses. We also like the millwork category and those areas in particular are of real interest to us," Sherman added. "We think the Houston market can be really expanded. ... We think that this will be a very, very large market for us going forward."