NEW YORK, April 15, 2015 /PRNewswire/ -- Builders FirstSource, Inc. (NASDAQ: BLDR) a Dallas, TX based supplier and manufacturer of structural and related building products recently announced the acquisition of ProBuild, a privately held lumber and building materials supplier based in Denver. The acquisition is estimated at $1.6 billion and is believed to be immediately accretive to Builder FirstSource's earnings. Management is leveraging up its balance sheet to pay all cash in the transaction.
ProBuild recorded revenue of approximately $4.5 billion in 2014, while Builders FirstSource reported $1.6 billion. Management is thrilled about this acquisition as it opens up geographic regions for the company to sell their products and services. With the recovering housing market in the US, Builder FirstSource is positioning itself for the next phase of growth for shareholder value.
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