Largest U.S. pro dealer opens 23-acre yard and manufacturing facility. More
The former 11-unit dealer buys back showroom as Stock Building Supply exits Chicago area. More
The Home Depot executive in charge of the retail giant's pro services contested Tuesday suggestions that his company has abandoned the pro market, arguing that existing programs continue and that recent strategy shifts will better serve the professional customer. More
In U.S. Bankruptcy Court in Wilmington, Del., no additional objections were raised toward Stock's bankruptcy plan, which calls for the dealer to break another 60 leases. More than 200 leases were rejected in Stock's original bankruptcy plan and approved by the court in May. More
Malibu's Idea of a Lumber Yard / Stock's Recovery Plan / Ply Mart's Mahaffey Brothers Are Back / More... More
Executives at Builders FirstSource said they aren't looking to buy any or all parts of Stock Building Supply, the often rival LBM giant that has been put on the market by Stock's U.K.-based parent. More
Wolseley Plc, the U.K.-based parent company of Stock Building Supply, said 98% of its shareholders have bought into its share offering of 781 million British pounds (US$1.3 billion), according to reports by BBC News and The Wall Street Journal. More
Labor groups hope to turn public disgust with Wall Street practices and executive businesses to their favor by airing TV ads linking those groups with forces opposing the pro-union Employee Free Choice Act (EFCA), prompting business groups in turn to produce response ads. More
With the stock market tanking and the LBM world in the doldrums, one might think this isn't the time to buy into an Employee Stock Ownership Plan, or ESOP. That might not necessarily be the case, however, especially if your company is still making solid sales and turning a profit. The keys are exactly who employees are paying when they begin the process of taking over the company and when those notes are due. More
The owners of Wolseley Plc, the British-based parent of Stock Building Supply approved today a proposal to raise 1.05 billion British pounds ($1.5 billion) through the sale of new shares. The move is designed to help the company avoid defaulting on loans that have been strained in large part due to Stock's enormous losses in recent years. More
