Expands SelectBuild Capabilities in Arizona SAN FRANCISCO, Aug. 21 /PRNewswire/ -- Building Materials Holding Corporation (NASDAQ:BMHC), a leading provider of construction services and building materials to professional residential builders and contractors, today announced that its wholly owned subsidiary, SelectBuild Construction, Inc., has completed the acquisition of the assets and operations of Topline Windows & Doors, Inc. Topline supplies and installs windows and sliding doors for high volume production homebuilders in the greater Phoenix, Arizona market. For the twelve months ended June 30, 2006, Topline generated revenue of approximately $19 million. Robert E. Mellor, BMHC's Chairman, President and Chief Executive Officer, stated, "We are pleased to have completed the Topline acquisition. There is currently strong demand among SelectBuild's customers in Arizona to include window supply and installation services with our framing services, and this latest transaction enables us to take another step forward in achieving our integrated construction service strategy. By leveraging each other's customer base, we expect to further increase our market share in the Phoenix area. Acquiring businesses such as Topline, which broaden the types of construction trades we offer, places SelectBuild in an advantageous competitive position, particularly given today's changing homebuilding environment. Topline's management team values the importance of quality, efficiency and excellent customer service and we believe they will be a strong addition to SelectBuild." About BMHC BMHC, a Fortune 1000 company, is one of the largest providers of residential construction services and building materials in the United States. We serve the homebuilding industry through two subsidiaries: SelectBuild provides construction services to high-volume production homebuilders in key growth markets across the country; BMC West distributes building materials and manufactures building components for professional builders and contractors in the western and southern states. BMHC was recently named to the Forbes Platinum 400, also known as America's Best Big Companies, and was selected Pro Dealer of the Year by Home Channel News. To learn more about BMHC, visit our website at http://www.bmhc.com/ . BUSINESS RISKS AND FORWARD-LOOKING STATEMENTS There are a number of business risks and uncertainties that affect our operations and therefore could cause future results to differ from past performance or expected results. Additional information regarding business risks and uncertainties is contained in Item 1A of our most recent Form 10-K. These risks and uncertainties may include, but are not limited to: -- demand for single-family homes which is influenced by changes in the overall condition of the U.S. economy, including interest rates, job formation, consumer confidence and other important factors; -- our business model; -- integration of acquired businesses may not result in anticipated cost savings and revenue synergies being fully realized or may take longer to realize than expected; -- our ability to identify and acquire suitable acquisition candidates; -- availability of and our ability to attract, train and retain qualified individuals; -- implementation of cost structures that align with revenue growth; -- changes in the business models of our customers; -- fluctuations in our costs and availability of sourcing channels for commodity wood products, concrete, steel and other building materials; -- intense competition; -- weather conditions, including natural catastrophic events; -- construction defect and product liability claims as well as other legal proceedings; -- disruptions in our information systems; -- actual and perceived vulnerabilities as a result of terrorist activities and armed conflict; -- changes to various federal, state and other regulations; and -- numerous other matters of a local and regional scale, including those of a political, economic, business, competitive or regulatory nature. Risks related to our shares include, but are not limited to: -- share price fluctuations and -- potential share price limitations due to anti-takeover defenses in our governing documents and certain provisions under Delaware law. Certain statements made in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about our expectations, anticipated financial results and future business prospects are forward-looking statements. While these statements represent our current judgment on what the future may hold and we believe these judgments are reasonable, these statements involve risks and uncertainties that could cause our actual results to differ materially from those in forward-looking statements. These factors include, but are not limited to the risks and uncertainties cited in the above paragraph. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date of this news release. We undertake no obligation to update forward-looking statements. DATASOURCE: Building Materials Holding Corporation CONTACT: Bill Smartt, Senior Vice President and Chief Financial Officer, +1-415-627-9100, or Mark Kailer, Vice President, Treasurer and Investor Relations Officer, +1-415-627-9100, both of Building Materials Holding Corporation Web site: http://www.bmhc.com/

Copyright

Building Materials (NASDAQ:BMHC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Building Materials Charts.
Building Materials (NASDAQ:BMHC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Building Materials Charts.