Cameron Ashley Building Products, Inc. signs letter of intent to acquire second Arkansas location.DALLAS, Texas--(BUSINESS WIRE)--Oct. 21, 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 signed a letter of intent to acquire Metro Roofing Supply, Inc. in Springdale, Arkansas For the Fayetteville-Springdale-Rogers Metropolitan Area (Northwest Arkansas), see . Springdale is a city in Washington and Benton counties in the northwestern region of Arkansas in the United States. . Principal products of Metro Roofing Supply include a full line of residential roofing materials, accessories, and some commercial products. Estimated 1996 sales for the location are $6.0 million. Terms of the transaction were not disclosed. Ronald R. Ross, Chairman of Cameron Ashley Building Products, Inc. commented: "This acquisition is important as it is the first to occur in our newly created Central Region and confirms our ability to add locations in targeted geographic markets. The areas served by Metro Roofing are located in one of the fastest growing regions A growing region is an area suited by climate and soil conditions to the cultivation of a certain type of crop. Most crops are cultivated not in one place only, but in several distinct regions in diverse parts of the world. of Northwest Arkansas. This acquisition will complement our recently added Little Rock location and provide expanded service capabilities to our customers. We will continue to seek ways of adding product lines to our newly acquired locations and to expand our increasing network of branches." 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 107 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 Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . . CONTACT: CAMERON ASHLEY BUILDING PRODUCTS, INC. F. Dixon McElwee Chief Financial Officer 214/860-5100 or Morgen-Walke Associates June Filingeri, Jonathan Schaffer Jonathan Schaffer is an American philosopher specializing in Metaphysics and Epistemology. Since earning his PhD. from Rutgers in 1999, Schaffer has published 33 papers. He wrote his dissertation - "Causation and the Probabilities of Processes" - under Brian McLaughin. Media contact: Stan Froelich 212/850-5600 Ken Pieper, 214/663-9390 |
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