Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired California TrusFrame LLC (CTF), a California-based producer of value-added building products, for $179.5 million.
Established in 1982, CTF is led by President and CEO Shawn Overholtzer, who will be joining Builders FirstSource along with the rest of its employees upon closing, and operates four manufacturing facilities in Hughson, Sanger and Perris, California.
“We are pleased to strengthen our broad portfolio of industry-leading solutions and valued-added products with the acquisition of CTF,” said Dave Flitman, President and CEO of Builders FirstSource. “CTF’s uniquely positioned operations will allow us to expand our offerings and production capacity in the largest housing market in the country, delivering benefits to our new and existing customers. We are excited to welcome Shawn and the rest of the CTF team to Builders FirstSource and look forward to enhancing our established platform and resources to further grow our value-added capabilities in this important market.”
CTF reported trailing 12 months sales of approximately $143 million as of July 31.
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