Stock Building Supply Holdings LLC will buy the assets of Arkansas' National Home Centers, which is now under protection from creditors under Chapter 11. Stock said in late February that it had entered into an agreement with National under which Stock will be a "stalking horse" bidder for National's assets pursuant to Section 363 of Chapter 11. That section allows for the sale of assets free of liens and other claims.
Stock also recruited Robert E. Mellor, formerly chairman and CEO of Building Materials Holding Corp., to the board of directors. The addition will help Stock as America's No. 2 LBM operation engages in "aggressive expansion," the company said.