Cameron Ashley Building Products Reports on Acquisitions of Siding Distributors.DALLAS--(BUSINESS WIRE)--Aug. 27, 1997--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 the acquisition of Vinyl Wholesale Supply Company, Inc. of Greensboro, North Carolina “Greensboro” redirects here. For other uses, see Greensboro (disambiguation). Greensboro, North Carolina (IPA: [ɡɹiːnsbʌɹəʊ]) is a city in the U.S. state of North Carolina. . Fiscal 1996 revenues for the company, a distributor of 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 other building products, totaled $4.5 million. Cameron Ashley also announced that it has signed a letter of intent to acquire certain assets and liabilities of Mid-America Siding Supply, Inc. Mid-America is a distributor of vinyl siding and other building products with branches located in Hot Springs and Texarkana, Arkansas Texarkana is the largest city and county seatGR6 of Miller County, Arkansas. It effectively functions as one half of a city which crosses a state line — the other half, the city of Texarkana, Texas, lies on the other side of State Line Avenue. . Estimated sales for the past fiscal year for all locations were $5.0 million. Terms of the transactions were not disclosed. Ronald R. Ross, Chairman of Cameron Ashley Building Products, Inc., commented: "These acquisitions reflect Cameron Ashley's continuing strategy to expand the Company's reach within regional markets. The acquisition of Vinyl Wholesale Supply Company increases our presence in the growing North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. market. The operations of Mid-America, also known as a quality supplier to its customers, are a perfect complement to our existing businesses in Little Rock and Springdale. The acquisition, the fourth this year in the Central Region of 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. , will allow for better penetration of that state's total market." 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 142 branches located throughout the United States and Canada. Product lines include roofing, millwork, pool and patio enclosure materials, insulation, siding, steel products, industrial metals and a variety of other building materials. CONTACT: Cameron Ashley Building Products, Inc. F. Dixon McElwee Chief Financial Officer (214) 860-5100 or Morgen-Walke Associates June Filingeri/Jonathan Schaffer Media contact: Stan Froelich (212) 850-5600 Ken Pieper (972) 663-9390 |
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