Raleigh, NC, June 21, 2006)--Stock Building Supply, a leading supplier of building materials to professionals in the United States, announced the acquisition of Coleman Floor Company Inc.
“Coleman has a proven management team that has historically produced exceptional operating results and has developed a loyal customer base with its focus on providing superior customer service,” says Fenton Hord, stock president and CEO. “Coleman will add yet another line to our growing offering of installed products.”
Coleman primarily sells and installs residential flooring products to production residential home builders throughout the Eastern United States and Chicago. Its product line includes carpet, vinyl wood, laminates, and ceramic tile. In 2005, Coleman recorded sales of $233.5 million.
Founded in 1947 in Chicago, Coleman expanded into Virginia and South Florida in the 1970s and into North Carolina in 1996. The company presently operates from 23 locations. The acquisition of Coleman adds 791 associates to the stock family. All senior management, including Tim Coleman, President, will remain with the company.
Raleigh, NC-based Stock Building Supply now operates 307 locations in 33 states, with reported sales of $4.1 billion for the fiscal year 2005. Stock Building Supply is a subsidiary of Wolseley plc of Theale, England, which had sales in fiscal year 2005 of more than $20 billion. Wolseley is traded on the New York Stock Exchange as WOS.
