
Raleigh-based BMC Stock Holdings Inc. announced Monday it had acquired Charlotte-area Locust Lumber for an undisclosed amount.
BMC is a provider of diversified building products, services and innovative building solutions in the U.S. residential construction market.
It had $3.4 billion in 2017 net sales and serves 45 metropolitan areas across 19 states, primarily in the South and West regions.
Locust Lumber is a lumber and building material supplier. It primarily serves custom homebuilders and professional remodelers in Charlotte. Locust generated $53 million in net sales in 2018.
“We are very pleased to announce the successful completion of another acquisition in the Charlotte market and would like to extend a warm welcome to the employees at Locust,” said BMC CEO Dave Flitman in a statement.
“Together with our recent acquisition of Barefoot & Co., the addition of Locust positions us as one of the top providers of building products, services and solutions in Charlotte, which is one of the nation’s top 10 housing markets.”
BMC Stock was trading at $16.67, up 42 cents, in Monday afternoon trading
The announcement can be found here.