BMC Stock Holdings, Atlanta, Ga., is acquiring three-unit W.E. Shone Co., the leading supplier of building materials in Delaware.
“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 BMC president and CEO. “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.”
Founded by Bill Shone in 1957, Shone Lumber is now led by Bill’s son, John Shone, who will remain with BMC. Shone’s three facilities—in Georgetown, Middletown and Newark, De.—consist of a combined 110,000 sq. ft. of assembly, warehouse and showroom space, and last year generated net sales of roughly $70 million.