Cameron Ashley Building Products, Inc. completes its acquisition of eight branches in California.DALLAS--(BUSINESS WIRE)--July 2, 1996--Cameron Ashley Building Products, Inc. (Nasdaq:CABP CaBP Calcium Binding Protein CABP Coalition Air Battle Planning CABP Certificate of the Arab Board of Pediatrics ) announced today that it has completed its acquisition of California Roofers Supply, a division of Star, Inc., headquartered in Hayward, California Hayward is a city located in the East Bay in Alameda County. The sixth largest city in the San Francisco Bay Area, it is one of the larger suburbs of Oakland. As of the 2000 census, the city population was 140,030. The estimated population in 2007 is 155,312. . The Company acquired eight branches in California, which are located in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Gardena, Monrovia, Stockton, San Jose, Oakland and South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. . The principal product lines distributed through these branch locations are residential and commercial reroofing. The 1995 sales for these locations were approximately $41 million. Terms of the transaction were not disclosed. Ronald R. Ross, Chairman of Cameron Ashley Building Products, Inc. commented: "These locations further enhance the Company's national network of building products distribution through our market entry into the important metropolitan areas of San Diego, Los Angeles and the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . We have completed the process of integrating these businesses into our management information and purchasing systems, and expect, over a period of time, to enhance these operations by focusing on a higher margin product mix." Cameron Ashley Building Products, Inc. is a 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 106 branches located throughout the United States. Product lines include roofing, millwork, pool and patio enclosure materials, insulation, siding, steel products, industrial metals and a variety of other building materials. CONTACT: F. Dixon McElwee Chief Financial Officer (214) 860-5100 OR Morgen-Walke Associates June Filingeri/Robert Weiner Media contact: Stan Froelich (212) 850-5600 Ken Pieper (214) 663-9390 |
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