CAMERON ASHLEY COMPLETES ACQUISITION OF ALBUQUERQUE DOOR COMPANY; ANNOUNCES NEW ACQUISITION IN GEORGIA.DALLAS--(BUSINESS WIRE)--May 10, 1995--Cameron Ashley Inc. (Nasdaq:CMSH CMSH Center for Marital and Sexual Health ) announced today that it has completed its previously announced acquisition of Albuquerque Door Company, a building products distributor headquartered in Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. . Current management will continue to operate the business and all employees will be retained. Terms of the transaction were not disclosed. Albuquerque Door Company is a distributor of quality millwork products including doors, windows and cabinets with annual sales of approximately $16.2 million Additionally, the Company signed a letter of intent to acquire Zaglin Wholesale Supply, Inc. of Smyrna, Georgia Smyrna is a city in Cobb County, Georgia, United States. As of the 2000 census, the city had a total population of 40,999. Census estimates of 2005 indicate a population of 47,643. Pioneers began settling the area in 1832. . Zaglin is a distributor of building products in the Atlanta metropolitan market with annual revenues of approximately $3.5 million. Established in 1985, Zaglin's products include Alcoa/Mastic Vinyl Siding Wikipedia is not the place for advertisement or self-advertising. Vinyl siding, first introduced to the exterior cladding market in the late 1950s, is an alternative to aluminum siding, fiber cement siding, and timber siding. and Alsco Vinyl Siding. Terms of the transaction were not disclosed. Ronald R. Ross, Chairman of Cameron Ashley, commented: "Both of these transactions strengthen our position in current markets. Albuquerque Door is an excellent fit for our other New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). operations and doubles our size in that state. The acquisition of Zaglin is the second acquisition in Georgia for Cameron Ashley this year. These acquisitions represent further progress in our strategy of establishing a national building products distribution network." Cameron Ashley Inc. is an emerging national distributor of a broad line of building products that are used principally in home improvement, remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling and repair work and in new residential construction. The Company distributes its products to independent building material dealers, professional builders, large contractors and mass merchandisers through a network of 80 branches located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Product lines include roofing, millwork, pool and patio enclosure materials, insulation, siding, steel products, industrial metals and a variety of other building materials. CONTACT: Morgen-Walke Associates June Filingeri, Robert Weiner (212) 850-5600 Ken Pieper (214) 663-9390 Media contact: Stan Froelich (212) 850-5600 |
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